ThomsonReuters

DECEMBER 19, 2023

By allowing taxpayers to subtract a certain percentage of their qualified expenditures on renewable energy systems from their federal income taxes, renewable energy tax credits result in a reduction of tax liability, thus making sustainable choices more financially appealing to individuals and businesses.

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LyfeAccounting

JULY 1, 2021

But in 1931, Capone was found guilty of 22 counts of federal income tax evasion and was convicted to 11 years in federal prison, in addition to $215,000 plus interest due on back taxes. You see, despite publicly displaying his wealth, Capone never filed a Federal tax return. And, we also offer tax resolution services.

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LyfeAccounting

OCTOBER 29, 2020

So according to the AICPA, which is the American Institute for Certified Public Accountants, an effective tax system is one that is fair, neutral, simple and economically efficient. A fair tax system should produce similar outcomes. And if someone has a higher income than another then you would expect them to pay more in taxes.

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tax planning Tax corporation tax Real Estate 52