IRS Tax Relief

Small Business Tax Exclusions

Different kinds of income can fall into the “except as otherwise provided” of the IRS tax code (section 61). For example, the code of taxes specifically excludes inheritances and gifts from taxable income. There is not a monetary limit on how much you can get by these means without paying a single red cent of [...]

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Defining Taxable Business Income

There are tons and tons of separate and different (but no less important) types of business income – and surprise surprise, almost each and every single form of business income is taxable.
Just like the IRS taxes individual income from regular jobs, it also taxes businesses for the amount of money that they collect. Just like [...]

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Tax Strategies for Small Business

Small Business Tax Strategies
Planning for your taxes should be a year-round thing if you want to ensure your business has the smallest possible tax bill at the end of the year. Whether it’s taking advantage of business dedications or making your way through an audit, or even just finding the most tax friendly way to [...]

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