Income

Income

Income means: economic benefit; money or value received. Former IRC (check if this IRC provision is current here) §61.

Code Sections about Income

  • Sec. 61. Gross income defined
  • Sec. 62. Adjusted gross income defined
  • Sec. 63. Taxable income defined
  • Sec. 64. Ordinary income defined

Some Information related with Income

1099-DIV Dividend Income (2004 IRS FAQ)
1099-INT Interest Income (2004 IRS FAQ)
1099-MISC, Independent Contractors, and Self-employed (2004 IRS FAQ)
1099 Information Returns (All Other) (2004 IRS FAQ)
401(k) Plans
Alimony Received
Alimony, Child Support, Court Awards, Damages (2004 IRS FAQ)
Bartering Income
Business Income
Capital Gains and Losses
Dividends
Earnings for Clergy
Employee Reimbursements, Form W-2, Wage Inquiries (2004 IRS FAQ)
Exchange of Policyholder Interest for Stock
Farming and Fishing Income
Gambling Income and Expenses
Gifts & Inheritances (2004 IRS FAQ)
Grants, Scholarships, Student Loans, Work Study (2004 IRS FAQ)
Gross Income
Interest Received
Life Insurance & Disability Insurance Proceeds (2004 IRS FAQ)
Lump-Sum Distributions
Ministers’ Compensation & Housing Allowance (2004 IRS FAQ)
Nontaxable Income
Other Income
Passive Activities – Losses and Credits
Pensions and Annuities
Pensions – The General Rule and the Simplified Method
Refunds of State and Local Taxes
Rental Income and Expenses
Renting Residential and Vacation Property
Rollovers from Retirement Plans
Roth IRA Distributions
Sale of Assets Held for More Than Five Years
Savings Bonds (2004 IRS FAQ)
Scholarship and Fellowship Grants
Social Security and Equivalent Railroad Retirement Benefits
Sole Proprietorship
Stock Options
Tips
Tips (2004 IRS FAQ)
Traders in Securities (Information for Form 1040 Filers)
Unemployment Compensation
Wages and Salaries

Income Related Tax Concepts and Issues

  • Academic Scholarships
  • Accrued Annual Leave
  • Accelerated Death Benefits
  • Advance Commissions
  • Alimony Received
  • Allocated Tips
  • Allowances for Housing
  • Annuity Benefits
  • Awards
  • Awards-Prizes
  • Back Pay Awards
  • Bartering Income
  • Bequests
  • Bonuses
  • Businesses-Part Time
  • Campaign Contributions Received
  • Cancellation of Employment, Payments for
  • Capital Gains
  • Child Support Payments Received
  • Clergy
  • Commissions Paid in Advance
  • Court Awards
  • Damages for Emotional Distress
  • Directors Fees
  • Disaster Relief Act Grants
  • Disaster Unemployment Assistance
  • Dividends
  • Dividends – Cooperative Banks
  • Dividends – Credit Unions
  • Dividends – Federal Savings & Loans
  • Dividends – Life Insurance Policies
  • Dividends – Mutual Funds
  • Dividends – Mutual Savings Banks
  • Dividends – Savings and Loans
  • Dividends – Reinvested
  • Educational Assistance Exclusion
  • Election Official Fees
  • Employee Achievement Awards
  • Employee Gifts
  • Employee Stock Options
  • Farming Income
  • Fishing Income
  • Foreclosures-Home
  • Foreign Earnings
  • Fulbright Awards
  • Gambling Winnings
  • Gifts
  • Gifts to Employees
  • Historic Preservation Grants
  • Hobby Income
  • Holiday Gifts to Employees
  • Home Foreclosures
  • Home Sale Proceeds
  • Housing Allowances
  • Illegally Obtained Money or Property
  • Incentive Stock Options
  • Independent Contractors
  • Installment Sales
  • Installment Sale Interest
  • Interest Received – Generally
  • Interest Received – Banks
  • Interest Received – Cooperative Banks
  • Interest Received – Credit Unions
  • Interest Received – Fed. Savings & Loans
  • Interest Received – Life Insurance Policies
  • Interest Received – Mutual Savings Banks
  • Interest Received – Nominee
  • Interest Received – Original Issue Discount
  • Interest Received – Sale of Home
  • Interest Received – Savings and Loans
  • Interest Received – Tax Exempt
  • Interest Received – Tax Refunds
  • Interest Received – Treasury Bills
  • Interest Received – Treasury Bonds
  • Interest Received – Treasury Notes
  • Interest Received – US Savings Bonds
  • Interest Received – Veterans Ins. Dividends
  • IRA Rollovers
  • Job Interview Expenses Received
  • Legal Settlements
  • Life Insurance Proceeds
  • Long Term Disability Payments
  • Lump Sum Distributions
  • Lump Sum Payments-Cancel Employment
  • Meals and Lodging
  • Military Retirement Pay
  • Mutual Fund Dividends
  • Notary Public Fees
  • Part Time Businesses
  • Partnership Income
  • Pension Benefits
  • Prizes
  • Property Received for Services
  • Rebates
  • Reinvested Dividends
  • Rental Income
  • Retirement Distributions – IRA Rollovers
  • Salaries
  • Sale of Home
  • Severance Pay
  • Sick Pay
  • Sick Pay-Railroad Employees
  • Sideline Business
  • Social Security Benefits
  • Sole Proprietorships
  • Sole Proprietorships-Income and Expenses
  • State Tax Refunds
  • Stock Options-Employee
  • Stock Options-Incentive
  • Stock Purchased from Employer
  • Stolen Money or Property
  • Supplemental Unemployment
  • Unemployment-Supplemental
  • Union Benefits
  • VA Rehabilitation Payments
  • Veteran’s Benefits
  • Veteran’s Life Insurance
  • Viatical Settlements
  • Wages
  • Worker’s Compensation

See also other Tax Terms and Definitions in U.S.A.

gross income; net income; taxable income.

Pension and Annuity Income, I.R.S. Pub. 575 Issue

You may find information about Pension and Annuity Income, I.R.S. Pub. 575 in this Tax Platform of the American Encyclopedia of Law.


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