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Courses/Accounting & Tax/Income Tax

Tax 2025-2026 Item Included in Gross Income

Unlock Tax Filing Confidence with Practical Examples; Step-by-Step Instructions in this Comprehensive Income Tax Course

Created byRobert Steele
BeginnerUpdated Oct 1, 2026
Tax 2025-2026 Item Included in Gross Income

What You'll Learn

check_circleDefine gross income and identify common types of income that may be reportable on an individual federal income tax return.
check_circleIdentify common information-reporting documents, including Forms W-2 and 1099, and describe their role in the federal income tax reporting system.
check_circleDistinguish between the responsibilities of payers and payees in reporting income to taxpayers and the IRS.
check_circleDetermine where common categories of income are reported on Form 1040 and related schedules.
check_circleDifferentiate between amounts generally included in gross income and amounts that may be excluded from taxable income under applicable federal tax rules.
check_circleAnalyze taxpayer information and supporting documents to identify income that must be considered when preparing an individual federal income tax return.

About This Course

This course provides a practical overview of gross income and income reporting for the 2025 federal individual income tax return. Participants will examine common categories of income and determine how various types of income are identified, documented, and reported on Form 1040 and related schedules.

The course explores the role of information-reporting documents, including Forms W-2 and 1099, and explains how the payer, taxpayer, and IRS interact within the federal tax reporting system. Participants will consider how third-party information reporting helps the IRS match reported income with taxpayer returns and why reconciling tax documents with taxpayer records is an essential part of accurate return preparation.

Using the 2025 Form 1040 instructions and related federal tax guidance, the course distinguishes between common items included in gross income and amounts that may receive different tax treatment or be excluded under applicable rules. Designed for tax professionals and return preparers, this course builds a practical foundation for recognizing, evaluating, and accurately reporting income on an individual federal income tax return.

Your Instructor

Robert Steele
Robert Steele

CPA, CGMA, M.S. Tax, CPI

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Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his. Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA). Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software. In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible. Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks. Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business. Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster. Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts. The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video. Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge like CPDformula.

Credit Information

Professional development requirements vary by profession, country, and regulatory body. Before enrolling, review the course details and confirm that the content, learning format, and any listed credits meet your specific requirements. You are responsible for confirming eligibility with your regulator or professional association and keeping the records required for reporting.

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Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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