Top Tax Scams For 2007 As Per Irs: Difference between revisions

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Latest revision as of 11:33, 27 February 2025

A disgruntled ex-employed call the state, reported my family's glass business for sales tax evasion. One of several local state sales tax auditors called plan some time to pore through our books.

Remember, an individual exemption of $3650 is not deducted on tax but on your taxable income. Say for example your filing status is 'married filing jointly' with original taxable income of $100,000. This causes you to under the marginal tax rate of 25%. So the money you'll save on personal exemption is $912.50 (calculation is simple: $3650 multiplied by 25%). For is they spouse, which are multiplied by two that means you save $1825.

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