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- 00:33, 6 March 2025 KarmaRochon3741 talk contribs created page Can I Wipe Out Tax Debt In A Bankruptcy Proceeding (Created page with "Many small individuals start with a sole proprietorship to avoid the costs of forming a corporation or LLC. This is a wise decision as statistics show that most small businesses lose money for the first several years.<br><br>There's a difference between, "gross income," and "taxable income." Revenues is how much you can make. taxable income is what the government bases their taxes at. There are plenty of things you can subtract from your gross income to provide lower [ht...")