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How Ponzi Scheme Victims Can Benefit From Tax Relief

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How Ponzi Scheme Victims Can Benefit From How Ponzi Scheme Victims Can Benefit From Tax Relief The prevalence of Ponzi schemes make us think of tax consequences of these mostly costly and painful losses. Fortunately, the IRS has provided some relief. CAPITAL LOSSES VS ORDINARY LOSSES 1. CAPITAL Losses…
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Tax Evasion in California

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affidavits and declarations Filing taxes online using a computer and being audited Tax Evasion in California When a person is a resident of California, the law requires them to pay taxes to the government. Taxation can occur at multiple levels and come from…
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How to Optimize Your Chances of Obtaining SBA Loans

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Are Jumbo Loans Making a Real Comeback? Not Really How to Optimize Your Chances of Obtaining SBA Loans The Obama administration-in the jobs proposal in 2010 before Congress-has asked for relatively significant increases to Small Business Administration (SBA) loans. In fact, such loans might be one of the most…
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What to Do If You Cannot Pay Your Tax Bill

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Taxes for Business Owners in California What to Do If You Cannot Pay Your Tax Bill We all know that if we do not pay our tax bill, the IRS heavily penalizes us. Yet, we might not afford to pay our tax bill on time. So,…
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What Are Miscellaneous Itemized Deductions?

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What Are Miscellaneous Itemized Deductions? What Are Miscellaneous Itemized Deductions? How could we take advantage of miscellaneous itemized deductions to reduce our taxes? What are some of the “miscellaneous” deductions? What are some of tax strategies we could use to maximize our miscellaneous tax deductions?…
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Issuing a Bad Check

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Issuing a Bad Check Issuing a Bad Check In some cases, you may want to pay for another party by check instead of cash or debit/credit. However, it is important that when you write and give the check to the receiving party, that you…
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Business Credit, How To Build and Maintain It

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Build and Maintain Your Business Credit How to Build and Maintain Your Business Credit It is a daunting and rather desperate situation for small businesses seeking capital injection. While banks have relatively hardened their lending practices and seem reluctant to ease them anytime soon, business owners…
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Deduct Your Commuting Expenses From Your Taxes

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Deduct Your Commuting Expenses From Your Taxes How to Deduct Your Commuting Expenses From Your Taxes When it comes to tax deductions, nearly every penny counts. Given the economic situation and persistent unemployment, a relatively large number of people work at home and meet their clients or…
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How to Make Sure Your Customers Pay You

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How to Make Sure Your Customers Pay You How to Make Sure Your Customers Pay You The volatility and uncertainty engulfing the economy have plagued business owners and customers alike. In fact, customers do not pay on time and request payment extensions on bills. This causes a ripple…
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How Banks Charge Us Overdraft Fees

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How Banks Charge Us Overdraft Fees How Banks Charge Us Overdraft Fees Unfortunately, most of us at one time or another has experienced the dreaded overdraft fees. Banks used to charge consumers up to $35 for $1 overdrawn from a checking account. However, unless we understand…
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