The Lawman Series: Volume 2 Income Characterization and Non Taxable Events Ebook

Volume 2: Income Characterization and Non Taxable Events

Most tax liability is self-created through misclassification.

Volume II teaches how the law actually defines income—and why many common transactions were never taxable to begin with. This volume focuses on proper characterization before reporting, because taxation only applies when income legally exists.

You will learn to distinguish:

• Income vs. non-income

• Exclusions vs. non-recognition vs. deferral

• Ownership vs. possession

• Gain vs. movement of funds

This volume explains why:

• Loans are not income

• Gifts and inheritances are excluded

• Trust and fiduciary receipts are often misclassified

• Reimbursements do not create taxable gain

Deferral concedes income.
Exclusion denies it ever existed.

Volume II gives you the framework to stop creating tax exposure through error and to correctly deny income where the law never created it.

If income does not exist, taxation fails with it.