Mine told me two valuable bits of info that illustrate why I use him and will search out another CPA of his quality when he retires.
The first is that no one is legally bound to pay any more tax to the IRS than they absolutely must. Hence the value in Stigs work clothing example. Viewed...
Income? Income you would rightfully pay taxes on and you can buy dinner with some of what is left over.
Seed money, deposits, etc is what I would have thought it was.
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