Offshore Business - Pay Low Tax: Difference between revisions
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Revision as of 02:31, 23 January 2025
Declaring bankruptcy is focus of the final method that you can use to solve the tax problem. But proper care must be taken if you might be going in this method as if IRS finds that possess cheated them then severe actions are going to taken against you. So, before choosing this method, consult a tax relief professional discover if that the best option for .
Remember, an individual exemption of $3650 is not deducted on tax but on your taxable income. Say for example your filing status is 'married filing jointly' with original taxable income of $100,000. This making you under the marginal tax rate of 25%. Therefore the money you'll save on personal exemption is $912.50 (calculation is simple: $3650 multiplied by 25%). For mom and her spouse, that will be multiplied by two as well as save $1825.
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