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Ceiling effects can affect:
Federal Income Tax Returns
Documents filed with the IRS to report annual income, deductions, and applicable taxes owed or refunds due to taxpayers.
Attract Capital
Strategies or actions taken by a business or country to draw in investment funds from external sources.
Nontax Paying Entity
An entity, such as a nonprofit organization, that is exempt from paying taxes to the government.
Limited Partnership
A partnership consisting of at least one general partner and one or more limited partners, with limited liability for the latter.
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