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Latest revision as of 12:41, 13 August 2026


Note: Mcdougal is not really CPA or tax commercial. This article is for general information purposes, and need to not be construed as tax points. Readers are strongly asked to consult their tax professional regarding their personal tax situation.

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

2) Are you participating within your company's retirement plan? If not, why not? Every dollar you contribute could decrease your taxable income decrease your taxes to boots.

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