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The IRS requires contemporaneous records to prove deductions and credits. That means you can't go back later to get a copy of a receipt you forgot. Here are some tips. Read More https://shorturl.at/a2rkA
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Syriac Cpa Tax & Accounting Services Inc - Understanding Tax Terms: Contemporaneous Records
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Syriac Cpa Tax & Accounting Services Inc - Understanding Tax Terms: Contemporaneous Records

The Internal Revenue Service has a vocabulary of their own. One of the more important is their use of the word contemporaneous. What does it mean, and why should you care?

$7,500 more of your income is subject to Social Security taxes in 2025. Here are the details. Read More https://shorturl.at/MAatr

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About

Syriac CPA Tax and Accounting Services specializes in comprehensive tax preparation and consulting tailored to meet your unique financial needs. Whether you're an individual or a business, our experienced team is here to help you navigate complex tax laws, maximize deductions, minimize liabilities, and ensure full compliance. With personalized strategies and expert guidance, we make the tax process stress-free and efficient, so you can focus on what matters most—growing your wealth and achieving financial security.