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Deductions & credits
maybe that company is running a tax scam on the IRS. makes payment and issues 1099 to take a deduction in year 1 knowing they'll cancel early in year 2 and get the money back. repeat in future years to they can get to whatever taxable income they want. not knowing if you can do this with your customers, but perhaps making part of any deposit non-refundable or maybe only with new ones.
‎December 9, 2021
12:44 AM