accountingbyte
2 posts
Aug 13, 2024
4:15 AM
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Although, Phantom Tax is not a direct tax that can be avoided through exemptions, there are procedures that can help the taxpayers reduce the amount of the tax levied. Some of them provide for acceleration of income, reduction of losses or use of tax credit as an excuse to cover the liability. Also, for some arrangements, restructuring of investment or business agreement may help to minimize or prevent the appearance of Phantom Tax. It may be useful to consult a tax professional when looking for all possible legal ways to deal with Phantom Tax and avoid having too heavy payments.
Read us: https://accountingbyte.com/what-does-phantom-tax-mean/
Last Edited by accountingbyte on Aug 13, 2024 4:16 AM
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