So here is the IRS conclusion about taxable and nontaxable income – it comes down to that all forms of income are taxable (according to Uncle Sam) unless it is specifically excluded in the tax code:

http://content.govdelivery.com/accounts/USIRS/bulletins/a4a959?reqfrom=share

So now you know. I do think it was very neighborly of the Service to give us a list of things that they feel are nontaxable (making everything else under the sun taxable, of course). Well at least they gave us the list – let’s see if there is any way to catagorize any income as part of the nontaxable group.

Also want to wish everyone a Happy Valentine’s Day, especially to my two sweethearts, my lovely wife Dorothy and my beautiful daughter Kirsten.

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