Scholarships, Payments for Damages, Compensation for Injuries and Sickness

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From the course by University of Illinois at Urbana-Champaign
Federal Taxation I: Individuals, Employees, and Sole Proprietors
17 ratings
University of Illinois at Urbana-Champaign

Federal Taxation I: Individuals, Employees, and Sole Proprietors

17 ratings
Course 1 of 5 in the Specialization U.S. Federal Taxation
From the lesson
MODULE 4: GROSS INCOME: EXCLUSIONS
In this module, you will take a deeper dive into gross income, specifically regarding statutory exclusions. Congress, the Courts, and the IRS allow exclusions of money or property received by the taxpayer for various reasons.

Meet the Instructors

  • Petro Lisowsky, PhD, CPA
    Petro Lisowsky, PhD, CPA
    Associate Professor of Accountancy
    College of Business: Department of Accountancy