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UFC 329 results: King Green stops Terrance McKinney with hellacious comeback in Round of the Year contender Yahoo SportsKing Green | Always Focused On The Mission UFC.comUFC 329 live blog: King Green vs. Terrance McKinney MMA FightingKing Green vs Terrance McKinney Predictions, Picks & Odds for UFC 329 Covers.comTerrance McKinney Responds to King Green's Criticism
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Last U.S. polio patient with an iron lung dies at 78 in Oklahoma NBC NewsMartha Lillard, last US polio patient using iron lung, dies at 78 in Oklahoma CNNOklahoma woman, the last American in an iron lung, dies at 78 KFOR.comLast American to use an iron lung dies at 78 years old after childhood polio diagnosis
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There's no way to sugarcoat this: Small and midsize businesses should be scared to death about the consequences of the Inflation Reduction Act. Unless they provide goods and services to the green energy industry, the law's unforeseen consequences could increase their operating expenses in two ways. Here's what to expect — and how to prepare.
SEE MORE Audit-Proof Your Small Business
The Inflation Reduction Act is essentially a climate change law with some health care benefits. While the new legislation doesn't include any direct tax increases on small and midsize businesses, some of its provisions have the potential to raise costs for these companies significantly.
First Reason Why Cost of Business Could Be Going Up
For one, your chances of being audited may be going up. The new bill substantially expands the Internal Revenue Service's budget: More than half of the $80 billion increase in the IRS budget over 10 years will be used to beef up enforcement through new technology and new hires. That means more audits for companies that are the least able to financially manage them. I worry for businesses that gross $5 million or less since they usually don't have excess funds to pay a lawyer $50,000 to fight the IRS if their matter proceeds to court.
In a letter to the Senate, the agency's commissioner said, "These resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans." Even so, with the hire of new auditors, it's likely that people with little or
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Investors have shunned risky assets as the tech trade stalls; short selling has proved costly for some investors, and experts provided predictions on how travel will change in the post-pandemic years.
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