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To: muawiyah

Kansas is right - everything flows to 1040.

Doesn’t matter if you have schedule A, B, C, D, whatever. The aggregate of all of that will appear on 1040.

Capital gains IS income, it’s just taxed at different rate.

Formula is:

Income (Broadly conceived, this means everything, EVERYTHING)
minus Exclusions (such as child support)
= Gross income
Gross income MINUS deduction for adjusted gross income
= Adjusted gross income (AGI) (bottom of 1040)
AGI - standard deduction - exemptions = TAXABLE INCOME.

Everything is included on 1040. You have to file additional forms for different type of income, but they all flow to 1040.


352 posted on 09/17/2012 9:48:40 PM PDT by tony777
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To: tony777
Look, USPS had the 3602 for many years, and as postage computation became more and more complex we'd create a new series, so, yeah, everything flows conceptually if not in reality to or threw a single document ~ so there was the 3602, 3602 PC, 3602 A, 3602 B, etc.

Associated with that was a REQUIREMENT for what we called SUPPLEMENTAL DOCUMENTATION

In the final balance you would get along with us much better on an appeal if you could provide a copy of all your supplemental documentation than you could a 3602 (of whether further nomenclature).

We'd refer to a 3602 as a 3602 for convenience, not for final determination of how you should have paid your postage ~ BTW, those were not trivial amounts ~ millions of bucks are commonlypaid for single mailings.

Thank God we only had cops and publisher's lawyers to mess with and not CPAs ~ IRS has unfortunately allowed you guys to imagine a grand scheme where there is none.

415 posted on 09/18/2012 3:57:02 AM PDT by muawiyah
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