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Revision as of 04:39, 7 January 2025
The old adage is crime doesn't pay, but one certainly can wonder sometimes about the accuracy of it given the volume of of politicians that typically be burglars! Regardless, the fact are usually making money from a criminal offense doesn't mean you don't have to pay taxes. That's right. The IRS wants its unfair share of the ill gotten gains!
I hardly have to inform you that states as well as the federal government are having budget issue. I am not advocating a political view over left otherwise the right. The facts are there for everyone to go to. The Great Recession has spurred brand new to spend to look to get associated with it rightly or wrongly. The annual deficit for 2009 was 1.5 trillion dollars as well as the national debts are now amazed to know $13 billion. With 60 trillion dollars in unfunded liabilities coming due a next thirty years, the government needs dollars. If anything, the states are in worse shape. It is not fairly picture.
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Late Returns - Products and solutions filed your tax returns late, can you still take away the tax debt? Yes, but only after two years have passed since you filed the return with the IRS. This requirement often is where people discover problems when attempting to discharge their fiscal.
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