1 Give the baby Digestive Tea in a bottle. 2  To make Digestive Tea, a folk remedy for treating constipation/gas in babies, take 2 cups fresh anise leaves and 2 cups fresh mint leaves. 3  Bring 2 quarts of water to a boil and pour over the herbs.
Prepaid income. Prepaid income, such as compensation for future services, is generally included in your income in the year you receive it. However, if you use an accrual method of accounting, you can defer prepaid income you receive for services to be performed before the end of the next tax year.
All income is subject to taxation unless itâs specifically exempted by law. Income does not only refer to cash wages. It can come in the form of money, property, or services that a person receives. Table 1 provides examples of taxable and non-taxable income. IRS Publication 525 provides a detailed discussion of many kinds of income and explains whether they are subject to taxation.