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Latest revision as of 02:23, 25 February 2025
Invincible? The internal revenue service extends special treatment to a single. Famous movie star Wesley Snipes was involved in Failure toward putting away Tax Returns from 1999 through 04. Did he get away with that will? No! Even with his fancy expensive lawyers, Wesley Snipes received the maximum penalty for not filing his tax returns - several years.
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And within audit, our time became his. Our office staff spent equally as much time while on the audit as he did, bring our books forward, submitting every dang invoice coming from a past transfer pricing couple of years for his scrutiny.
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If any books of accounts, documents, assets found or seized belong to the other person, the concerned AO shall proceed against other person as provided u/s 153A and 153B. The assessment u/s 153C should additionally be completed with twenty one months over end on the financial year when the search was conducted like assessment u/s 153A.
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