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Enter a Sch C with $300,000 of profit. Then click a box or whatever to calculate the maximum allowed.
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For tax pre-planning purposes, just tell your clients who get married in October under all circumstances DO NOT MOVE IN TOGETHER UNTIL JANUARY 2. Now, it's loo ...
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Test it yourself by putting an income on Sch higher than the maximum needed to maximize the deduction. Then you will learn which to use.
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Damage control-determine how much tax your client should have paid by reporting the income(less expenses). Let's say $10,000 federal. Determine how much extra t...
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1040 page one Adjustments to Income from Schedule 1 line 16.
