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Categories
Tag Archives: business taxes
How is business income taxed?
When you own a business, there are many important details that you must attend to. Taxes are one of the items that should top your list when it comes to following the rules. Filing business taxes incorrectly could create long-term … Continue reading
Posted in 4506-Transcripts, business taxes, Financial
Tagged 4506-Transcripts, 4506t, business taxes, Corporate Taxes, IRS taxes
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What can be used as proof of income?
Several places require proof of income for many different reasons. Income is important for determining your ability to pay back a loan, or in determining access to various health care insurance plans. Your income can impact your life in many … Continue reading
What happens if you don’t report self-employment income?
Self-employment income is the money someone earns when they work for themselves. People who are freelancers and solopreneurs are obligated to report their income to the government. If they don’t, they can be charged with tax evasion. There are various … Continue reading
Posted in 4506-Transcripts, business taxes, Financial, IRS Tax Audits
Tagged 4506-Transcripts, 4506t, business taxes, taxes
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Can a corporation get a tax refund?
Corporations and tax refunds, do the two mix? Do the two mix? Yes, but it depends on the business and situation. The tax circumstances are a large factor. C-corporations are the ones that usually get a tax refund. The … Continue reading
Does Owning a Business Help with Taxes?
Because of the internet and the digital age, starting a side business to help pay the bills has never been easier. This motivates people to start their own business to try and get ahead. However, make sure your motives are … Continue reading