Difference between revisions of "Don t Panic If Tax Department Raids You"

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The IRS has set many tax deductions and benefits in their place for citizens. Unfortunately, some taxpayers who bring home a top level of income can see these benefits phased out as their income climbs.

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The IRS collected $3.4 billion from GlaxoSmithKline for allegedly cheating on its taxes. The irs contended that it evaded taxes by making several inter company transactions to foreign affiliates regarding two of that patents and trademarks on popular drugs it owns. That is known as offshore tax fraud.

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