Can I Wipe Out Tax Debt In Liquidation: Difference between revisions
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Revision as of 09:29, 31 October 2024
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Contributing an insurance deductible $1,000 will lower the taxable income from the $30,000 annually person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For your $100,000 a year person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost double the!
Identity Theft/Phishing. This isn't so much a tax reduction scam as a nightmare wherein identity thieves try to obtain information from taxpayers by acting as IRS representatives. Often they send out email as though they are from the Tax. The IRS never sends emails to taxpayers, so don't respond in order to those transfer pricing emails. If you're not sure, call the IRS and just how if there could problem. May get reach the irs at 800-829-1040.
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