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Trucking Tax & Accounting by Mike Habib, EA Los Angeles, CA

MyIRSRelief

Tax professionals, such as certified public accountants (CPAs), EAs enrolled agents and tax attorneys, can help you navigate the complex tax laws and negotiate with the IRS on your behalf. They can also help you prepare and file your tax returns, ensuring that they are accurate and complete.

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

Snyder

You can deduct it on Schedule C of Form 1040, Profit or Loss From Business (Sole Proprietorship) or on your applicable business income tax return. Besides, business owners can deduct their payroll tax. It doesn’t apply to the federal taxes or the FICA taxes, only to an employer portion of the payroll tax.

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Tax Credits You May Claim Now

MyIRSRelief

That’s why so many people choose to hire a tax preparer/ EA, Attorney, CPA, they don’t want the hassle of doing it themselves, and they trust an expert to handle their business. Tax credits to look out for. Earned Income Tax Credit (EITC). Small-business tax credits.

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Tax Relief provided by CARES Act

MyIRSRelief

There is no income floor or ‘‘phase-in’’—all recipients who are under the phaseout threshold will receive the same amounts. Tax filers must have provided, on the relevant tax returns or other documents (see below), Social Security Numbers (SSNs) for each family member for whom a rebate is claimed. Pension funding delay.

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