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Gross Income (Business Income or loss ( Schedule C or C-EZ) (Nondeductible…
Gross Income
Business Income or loss ( Schedule C or C-EZ)
Net business income
Income
Income tax
Federal self-employment tax
Loss ( 2-20)
Uniform capitalization rules
Costs required to be capitalized
Costs not required to capitalized
Nondeductible expenses
Bad debt expense of a cash basis taxpayer
Federal income tax
Charitable contributions
Salaries paid to the sole proprietor
Personal portion of
Long-term contracts
Expenses
Gross income
Farming Income ( Schedule F)
Cash basis vs. Accrual basis
Farm income averaging
Rental Income or loss
Rental of residence
Less than 15 days
15 days or more
Nonresidence
Tax planning
Accelerate tax deduction
Defer taxable income