Tax Reporting for Returns & Allowances

Published Categorized as Articles, Houston, Tax

Our tax laws create categories–income/exclusion, deduction, and credit. Taxpayers are presented with structured forms that set out these categories. The IRS expects taxpayers to fill out the forms by correctly identifying what items go in each category. But it is not always clear what items go in each category. Taxpayers may engage in tax planning… Continue reading Tax Reporting for Returns & Allowances

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