
Ordinary Income
Classification
What kind of income is this?
Tax concepts are difficult enough without the language getting in the way.
Tax Code, Simplified. is PRISM's illustrated guide to the concepts underneath the return—what the terms mean, how the mechanics work, and why the distinctions matter.

Classification
What kind of income is this?

Calculation
What is the gain?

Interpretation
What does a tax rate actually tell you?

Classification
When does income come from a trade or business?

Classification
Spending money is only part of the question. Learn why business purpose, use, substantiation, and tax treatment determine what happens next.
The PRISM Library goes further into complex tax situations—equity compensation, capital events, withholding, and multi-year planning. Visit the Library.
PRISM uses Google Analytics to measure how the site is used. Until you allow it, no analytics or advertising cookies are set and Google receives only an anonymous, cookieless signal. Nothing you type into a form is ever sent to Google. See our privacy policy.
Before We Begin
Please review and accept the following terms to use PRISM
Available after you confirm you have read the disclaimers above.
Your acceptance is stored locally and can be reset at any time.
(917) 724-3965