Offshore Business - Pay Low Tax: Difference between revisions
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Revision as of 03:44, 31 October 2024
Many small individuals start with a sole proprietorship to the costs of forming a corporation or LLC. This is often a wise decision as statistics show that many small businesses lose money for the first several years.
Defenders within the 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 adventure.
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Some people receive a major fat refund every year because extreme amount transfer pricing is being withheld their own weekly or bi-weekly dollars. It wasn't until a few years ago that a friend of mine came and asked me why It didn't bother worry plenty of about the $275 tax refund I received.
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