Adam comes to you for tax advice. He started his own photography business this year...
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Accounting
Adam comes to you for tax advice. He started his own photography business this year and after expenses cleared 823,500. He is married and his wife has no income. He tells you he thinks he owes no taxes and does not even need to file a tax return. Advise him and compute any amounts he most pay to the Treasury Department. Assume this is tax year 2021. Is he required to file a tax return
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