by on August 21, 2025
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If you add a C-Corporation with a business structure you can help to your taxable income and therefore be qualified for some of those deductions where your current income is just too high. Remember, a C-Corporation is their own individual individual.
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If any books of accounts, documents, assets found or seized belong to any other person, the concerned AO shall proceed against other person as provided u/s 153A and 153B. The assessment u/s 153C should also be completed with twenty one months from end from the financial year when the search was conducted like assessment u/s 153A.
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Avoid the Scams: Wesley Snipe's defense is that he or she was the victim of crooked advisers. He was given bad advice and acted on which it. Many others have been transfer pricing victims of so-called tax "professionals" which were really scammers in disguise. Make sure to exploration research and hire only legitimate tax professionals. Use caution of what advice you follow in support of hire professionals that it's totally trust.
Defer or postpone paying taxes. Use strategies and investment vehicles to postponed paying tax now. Never pay today what you might pay future. Give yourself the time use of one's money. The longer you can put off paying a tax trickier you be given the use of your money for that purposes.
Clients in order to be aware that different rules apply when the IRS has now placed a tax lien against children. A bankruptcy may relieve you of personal liability on a tax debt, but particular circumstances won't discharge a nicely filed tax lien. After bankruptcy, the internal revenue service cannot chase you personally for the debt, nevertheless the lien will remain on any assets an individual will stop being able to sell these assets without satisfying the outstanding lien. - this includes your homes. Depending upon the lien of course filed, could be be great features include to attack the validity of the lien.
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