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As a finance professional, I'm curious to understand the process of securing a $7000 tax refund. Could you elaborate on the key steps involved? Does it require thorough documentation of expenses and income? Are there specific deductions or credits that are typically applicable in achieving such a refund? Are there any common pitfalls or mistakes that taxpayers should avoid in order to maximize their refund? Additionally, does the process differ significantly depending on whether the taxpayer is an individual or a business entity? Clarifying these points would greatly assist me in advising my clients on how to effectively navigate the tax refund process.
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