Dealing With Tax Problems: Easy As Pie: Difference between revisions

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Revision as of 15:02, 15 August 2025


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After all the festivities, laughter, and gift giving in the holidays, giggles and grins quickly meld into groans and glowers as Taxes Preparation Season rears its ugly face. From January 15th until April 15th, Americans fuss and fume about our ever increasing income taxes. Nevertheless, in an odd sort of way, some must use the gloom since they'll file for an extension, prolonging the agony of the inevitable.

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And the actual audit, our time became his. Our office staff spent as much time through the audit as they kocokwin, bring our books forward, submitting every dang invoice coming from a past several years for his scrutiny.

Conversely, earned income abroad, and a second income from foreign securities, rental, or all else abroad, can be excluded from U.S. taxable income, or foreign taxes paid thereon, should be employed as credits against U.S. taxes due.

The IRS collected $3.4 billion from GlaxoSmithKline for allegedly cheating on its taxes. The irs contended that it really evaded taxes by making several inter company transactions to foreign affiliates regarding two of that patents and trademarks on popular drugs it owns. That is known as offshore tax fraud.

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