1040 help

[doug555]

Thanks, doug!

I've been studying this info and your 1040relief website and just want to clarify a point you made.

You said "...out-going amounts of LAWFUL money excluded..." (http://1040relief.blogspot.com/p/getting-started.html) - this means personal checks I write to companies to pay bills, correct?

In-coming amounts would be payroll checks and other deposits to my bank account, correct?

Thanks in advance!

Yes, correct. Good question!

The outgoing amounts are presumed to be lawful money since all incoming amounts have been (will be) redeemed via 1040 Form filing.

Including any outgoing amounts on Line 21 would be "double-dipping" in effect... IMO.