10 Tax Tips Lessen Costs And Increase Income: Difference between revisions
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Revision as of 08:05, 22 October 2024
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Three Year Rule - The tax debt in question has turn out to be for returning that was due nearly three years in the past. You cannot file bankruptcy in 2007 attempt to discharge a 2006 tax debt.
B) Interest earned, however it is not paid, during a bond year, must be accrued after the bond year and reported as taxable income for your calendar year in how the bond year ends.
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If you think taxes are high now, wait till 2011. In between the federal, state and local governments, you may be paying added than you now are. Plan for doing it ahead of time and you should be competent to limit the damage.