The distinction between separately stated and


The distinction between separately stated and nonseparately stated income is one of the most confusing concepts that I've encountered. For Congress to come up with something this confusing, it must have had a good reason. What is the broad tax policy behind separating these two categories of income? What is Congress trying to achieve? What problems does it prevent? What problems does it cause?

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Accounting Basics: The distinction between separately stated and
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