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Commingling Funds: How to Address the Problem and Avoid It in the Future

inDinero Tax Tips

In the legal, real estate, or financial services industries, commingling client funds with personal is illegal. Indinero’s online bookkeeping services are here to help with this tedious task. While changing the nature of a transaction after the fact isn’t technically allowed, tax professionals are known to do this.

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Small Business Tax Deductions Checklist: All You Need to Know About Tax Deductions

Snyder

You can claim most small business deductions on Schedule C ( for a sole proprietor ) and Schedule E ( for income or loss from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in real estate mortgage investment conduits – REMICs ) forms.

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