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If you add a C-Corporation with your business structure you can lessen your taxable income and therefore be qualified for some of the deductions where your current income is just too high. Remember, a C-Corporation is some individual citizen.
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Three Year Rule - The tax debt in question has end up being for coming back that was due nearly three years in there are. You cannot file bankruptcy in 2007 and constantly discharge a 2006 due.
Get a tax pro on you side. May save plenty money your long-term. Money that you'd like to devote a savings plan for one's own wealth creation purposes.
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