All investors seek to take advantage of all legal means to legitimately reduce their overall tax liability, but abusive tax shelters...
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A capital gain is a profit made when you as an individual or business sell a capital asset. These...
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While you cannot fully control whether the IRS audits you come tax season, there are measures you can take...
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Once you have at least one person working for your business, you’re an employer. Being an employer comes with...
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What Exactly Is a “Tax Year”? A tax year is an annual accounting period for keeping records and reporting...
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Operating as a sole proprietorship or general partnership is the least complicated way to run a business, and many...
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An IRS audit reviews and examines an organization’s or individual’s accounts and financial information to ensure it’s reported correctly...
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Per the Internal Revenue Service (IRS), fringe benefits are taxable and must be counted in the recipient’s gross wages,...
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