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Martin is self-employed. His business, Water Damage Relief, is operated from his home. He has a 780 square-foot garage to store his truck and equipment.
Martin is self-employed. His business, Water Damage Relief, is operated from his home. He has a 780 square-foot garage to store his truck and equipment. Martin uses the cash method of accounting and has no inventory. His Employer Identification Number (EIN) is 23-4321567. He has one full-time employee. For the current tax year, the business has the following revenue and expenses:
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