Difference between revisions of "Smart Taxes Saving Tips"

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Revision as of 15:11, 22 October 2024

Many small business owners start with a sole proprietorship evade the costs of forming a corporation or LLC. This is a wise decision as statistics show that a lot of small businesses generate losses for the first several years.

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Defenders of your IRS position would say it comes home to Section 61. The waitress provided a service for me, and I paid for it. Compensation for services is taxable. End of record.

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