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tax returns and financing

planetshapers ยท 2009-07-22 20:33

what if a person shared a business with a family member. the other family member always showed the profit on his tax return, while you showed zilch. but u have been in business all your life. dont that type of work since u can remember. and your 34. and you want to split off and start over and buy your own equipment. how do you buy equipment without a tax return showing enough income? strange i know..but it can happen.

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