Sunlight Tax

What Counts As Taxable Income


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It’s easy to get confused when it comes to figuring out what you need to report as income on your tax return. 

Today, I’m going over some of the most common ways to receive money as an entrepreneur and talking about what actually counts as income in your business so you can be prepared for your taxes. 

Join me in this episode to learn more about determining your total income and how you can make sure you report it correctly to the IRS.

 

Also mentioned in this episode:

00:00 Understanding Tax Obligations for Self-Employed Individuals

10:36 What Counts as Income: Key Definitions and Examples

16:39 Clarifying Non-Taxable Income: Gifts, Loans, and More

If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.

 

Links:

Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You’re Self-Employed.

Get your free visual guide to tax deductions

Check out my program, Money Bootcamp

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Sunlight TaxBy Hannah Cole

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