Key Strategies for Tax Optimization Entity Selection Understanding the Landscape Sole Proprietorship: Simple to form, personal liability, no corporate income tax but taxes paid at individual rates. Partnership: Similar tax filing to sole proprietorship, personal...
Ensuring Tax Compliance in an IRS Audit Verifying Income and Deductions Wages and Employment Income W-2 Verification: IRS cross-checks reported wages with W-2 forms received from employers, identifying discrepancies in reported income or claimed tax withholding.... 
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