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