Why Should I File Past Years Taxes Online: Difference between revisions
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Revision as of 00:38, 23 September 2024
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Many small business owners start with a sole proprietorship evade the costs of forming a corporation or LLC. This is usually a wise decision as statistics show that a majority of small businesses lose cash for the first several years.
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Julie's total exclusion is $94,079. For my child American expat tax return she also gets to claim a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. income tax.
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