Search

Gross Income

If the taxpayer is self-employed in a business that provides services, the gross income is gross receipts from that business.  It also includes amounts reported on Form 1099-MISC, Miscellaneous Income.  If the taxpayer is self-employed in a business involving manufacturing or mining, the gross income is the total sales from that business less the cost of goods sold, plus any income from investments and incidental or outside operations or sources. 

0 views

Cathy Fisher

Common Cents Bookkeeping and Tax Preparation

Serving Henderson, NC, Buncombe County, Polk County, Transylvania County

E: cathy@commoncentsqbo.com

P: 828-595-2835

  • Facebook Social Icon
  • LinkedIn Social Icon

© 2020 by Common Cents Bookkeeping.

Web Design by Starting Gate Marketing