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The IRS has set many tax deductions and benefits into position for individuals. Unfortunately, some taxpayers who are earning a top level of income can see these benefits phased out as their income ascends. B) Interest earned, however it is not paid, during a bond year, must be accrued following the bond year and reported as taxable income for that calendar year in the fact that bond year ends. I then asked her to bring all the documents, past and present, regarding her finances sent by ba...

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