Why You Simply Be Private Tax Preparer: Difference between revisions
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Invincible? The irs extends special therapy to no one. Famous movie star Wesley Snipes was arrested with Failure taking care of Tax Returns from 1999 through the year 2004. Did he get away with the application? No! Even with his fancy expensive lawyers, Wesley Snipes received the maximum penalty for not filing his tax returns - three years.
Contributing an insurance deductible $1,000 will lower the taxable income on the $30,000 1 year person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For that $100,000 every single year person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost double the amount of!
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