What are some tax advantages of owning your own business

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Reference no: EM131485942

Question: 1. What tax situation would cause a person who previously used Form 1040A to be required to file Form 1040?

2. What are some tax advantages and disadvantages of owning your own business?

3. A person had $3,102 withheld for federal income taxes and had a tax liability of $3,345. Would this be a refund or an additional amount due, and for what amount?

Reference no: EM131485942

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