
UPDATED NOTES! Laws have been updates since this was recorded. Important updates are time stamped: 7:36 Start discussion about $25k tip income deduction. 10:52 Reminder that laws are still being written. 11:35 Reminder that this is a Federal law, States may or may not do something, FICA still applies. Must file joint return if single. NEW – must have income to take deduction 15:10 Shift to owner’s discussion. 15:58 Could be eligible for $50k ...
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