How To Deal With Tax Preparation: Difference between revisions
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Revision as of 08:29, 22 October 2024
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Proceeds from a refinance are not taxable income, a person are critiquing approximately $100,000.00 of tax-free income. You haven't sold your house (which properly taxable income).you've only refinanced it! Could most people live on this particular amount money for yearly? You bet they may indeed!
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Late Returns - If you filed your tax returns late, is it possible to still treat the due? Yes, but only after two years have passed since you filed the return with the IRS. This requirement often is where people run into problems when attempting to discharge their liabilities.
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