Top 8 tax myths 2022:

  1. Paying taxes is voluntary.
  2. Students don’t need to pay taxes.
  3. If I can’t pay my taxes I could go to prison.
  4. An LLC helps convert personal expenses to business expenses.
  5. Estate tax isn’t a big deal and doesn’t affect many people.
  6. I don’t have to report income if I did not receive a Form 1099.
  7. American companies pay a high rate of tax compared to other countries.
  8. Cryptocurrency transactions don’t need to be reported.

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