Benjamin Franklin once stated that two things in life are certain: death and taxes. While death cannot be avoided, paying more taxes than necessary certainly can!
There are many ways to reduce your taxes. Some are perfectly legal, such a incorporating your business or making contributions to a charity of your choice. Some ways of reducing taxes are highly illegal. Trying to reduce your tax liability, if not properly done, can raise red flags and cause audits, which will cost you time, money, and a small piece of your sanity as you are forced to rifle through your receipts and papers long forgotten or lost.
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