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And money laundering. Defenders in the IRS position would say it returns to Section 61. The waitress provided a service for me, and I paid for it. Compensation for services is taxable. End of new. cibai If you add a C-Corporation with regard to your business structure you can aid in eliminating your taxable income and therefore be qualified for several of the deductions for your current income as well high. Remember, a C-Corporation is a individual tax payer. (iv) All unaccounted income should be declared.
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