tax return

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Related to tax returns: Tax refund, Income Tax Returns

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
"While the government is considering to simplify the tax return document, there is a genuine need to facilitate the process of completing it as well."
He said some of the tax filers had filed their income tax returns even two to three years late.
Earlier, Pakistan Tax Bar Association had also urged the FBR to extend the date for filing income tax returns and wealth statements for tax year 2018.
Matrix failed to file 33 tax returns from March 2012 to June 2016.
Subtle differences exist between preparing a tax return and taking a tax return position.
Trump has previously made the release of his tax returns conditional on the perceived offenses of his political enemies.
If your tax return is more than three months late, a daily penalty of PS10 per day can be charged for up to 90 days (maximum PS900), and if the return is over six months late, there is a further penalty of PS300, or 5% of the outstanding tax, whichever is greater.
When it issued the temporary regulations, the IRS said they were intended to provide additional flexibility to tax return preparers and to provide benefits to taxpayers without compromising taxpayers' rights to control the use or disclosure of their tax return information.
Tax return preparer P, located in the United States, is retained by Company C to prepare the tax returns for its employees.
The survey, which was conducted during TEI's 61st Annual Conference, found that 88 percent of companies incurred additional costs in e-filing their tax return, measured in terms of both money and staffing.
Corporations that plan to use a tax professional to prepare their electronic income tax returns should ensure the professionals are IRS-authorized e-file providers.
What began as an experiment in 1999 by the Chilean government to gauge the response to electronic income tax returns is now part of an effort to make all tax transactions, including income-tax returns, go online.