Gross Income


3 Hour Course

Course ID: UUBXU-U-00016-18-S

Approved By: Internal Revenue Service (IRS)

Add to Cart (877) 724-6150

This course will focus on what items should be included in a client’s gross income, especially in situations such as a job that receives tips. We’ll review some tip-tracking procedures which can be used to accurately record tip income.


The Alternative Minimum Tax will be covered as well, and we’ll discuss who is likely to be subject to it. We’ll also talk about the taxable interest that one may receive from bonds and other investments, including the different types of bonds available their tax status, and which ones are considered “qualified” bonds.


This course will end with an IRS-required 8-question exam to help ensure that you’ve learned the material.

  • Gross Income
    • Gross Income [17 Activities]
      • 01. Being a Tax Preparer: Gross Income (Video)
      • 02. Tip Income
      • 03. Reporting Tip Income
      • 04. Declaring Tip Income
      • 05. Interest Income
      • 06. Managing Interest Income
      • 07. Interest Income: OID
      • 08. Interest Income: Other Situations
      • View Additional Activities
        • 09. Taxable Interest
        • 10. Introduction to Taxable Bonds and Other Interest Income (Video)
        • 11. Taxable Interest and Debt Instruments
        • 12. Taxable Interest and Bonds
        • 13. Taxable Interest and Education Bonds
        • 14. Taxable Interest and Federal Securities
        • 15. Insurance and Other Taxable Items or Events
        • 16. How To Report Interest Income
        • 17. Conclusion (Video)
    • Gross Income Exam (12 questions)
  • Course Completion
    • Mandatory Questionnaire
    • Certificate of Completion

Instructor Bio

jeremy allen cpa instructor atyourpaceonline
Jeremy Allen, CPA, was born and raised in Chicago, Illinois. He graduated with a Bachelor's of Science in Accounting from the University of Oregon Charles H. Lundquist College Of Business. He has been a licensed CPA in the state of Oregon since 2007. He specializes in Corporate Taxation and Planning. He enjoys working with start-up businesses, online businesses, and multi-state entities. He is an avid member of Crossfit Grants Pass. In his free time he enjoys traveling and camping with his family. Go Ducks!