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How Unclear Business Setup Confuses the IRS
Автор: Ask Uncle Tax
Загружено: 2026-02-21
Просмотров: 144
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This commonly happens when people run a business together without forming a formal entity. Income ends up reported under multiple names, bank accounts, and Social Security numbers even though it belongs to one business activity.
Creating a partnership or LLC with its own tax ID and bank account eliminates this confusion and prevents IRS issues.
👉 Click the link in my bio to get access to my Ask Uncle Tax AI tool or my Zero Income Tax Playbook, so you can learn how to save more of your hard earned money.
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