tax return

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Tax Return

A document that individuals and some corporations must file with the tax collection agency each year. The tax return calculates income, deductions, and credits, and ultimately determines how much tax the filer owes for the year. In the United States, Form 1040 is the basic tax return form. See also: 1040EZ.

tax return

a form which must be completed by all taxpayers and potential taxpayers for the INLAND REVENUE, giving details of their INCOME and CAPITAL GAINS and any allowances and reliefs to be set against this income.

tax return

a form that must be completed by all taxpayers and potential taxpayers for the INLAND REVENUE, giving details of their INCOME and CAPITAL GAINS and any allowances and reliefs to be set against this income.
References in periodicals archive ?
Here are a couple of reasons why start-ups should e-file Income Tax Returns.
Whether the taxpayer files the form with a late income tax return or with an amended income tax return (original return timely filed) will determine whether the taxpayer faces assessment of penalties under Sec.
The New York State Budget Act of 2005, Part Q, requires certain tax preparers to file all New York State income tax returns electronically.
Section 6062 of the Code currently requires that the income tax return of a corporation be signed by the president, vice-president, treasurer, assistant treasurer, chief accounting officer, or any other officer of the corporation authorized by the corporation to sign the return.
property as effectively connected to a trade or business; attach the appropriate statement to a timely filled income tax return that reports income from U.
But to collect any Earned Income Tax Credit (EITC) they may qualify for, workers must file an income tax return according to officials from Liberty Tax Service.
Income Tax Return of a Foreign Corporation, need not file a first-effective-year tax return.
In 2000 the taxpayer listed his nephew Mohamed as a qualifying child and claimed the EIC on his federal income tax return.
It said that FBR has been receiving various requests for extension of time for filing of Income Tax Return due to pre-occupation of tax payer/ tax advisors in connection with the Holy month of Ramadan, Aitakaf, Umra and Eid related holidays.
Income Tax Return of Political Organizations; and Form 8868, Application for Extension of Time to File an Exempt Organization Return.
John and Carolyn Merritt filed their 1994 joint federal individual income tax return on July 10, 1996, and did not include as income the $129,000 independent contractor lee John had returned to the law firm in December of 1994.
The amount of any such tax savings for any period shall be the amount of the reduction in Taxes reflected on any consolidated federal income tax return or any foreign, state, or local tax return (net of any resulting increases in Taxes reflected on any other such return) for such period as compared to the Taxes that would have been reflected on such return in the absence of such deduction or credit.