From Longman Business Dictionaryˈtax reˌturnnoun[countable]the form on which you have to give information so that your tax can be calculatedThere are step-by-step instructions on how tofill out a tax return. Pictures of the day
The meaning of TAX REFUND is a return of money paid that is more than what is actually owed for taxes. How to use tax refund in a sentence.
The meaning of (INCOME) TAX RETURN is a report that a person sends to the government about the money that he or she has earned and the taxes that he or she has paid in one year.
tax return ( def ). Usuallyreturns. an official or unofficial report on a count of votes, candidates elected, etc.: election returns. Chiefly British.return ticket ( def 2 ). Architecture. the continuation of a molding, projection, etc., in a different direction. ...
Back taxes refer to taxes owed from a prior year. A taxpayer may be behind in paying taxes for intentional or unintentional reasons. Some of these reasons include—filing a return and failing to pay the tax liability; failing to report all income earned during the tax year, and; neglecting...
The question then becomes: Who pays the income tax bill on the trust’s gains? There are several options: The parents could include the income from the trust as part of their taxes. Because the trust income would then be “on top” of their earned income, they will pay theirmarginal tax...
The author argues that a return to fiscal conservative principles can put the U.S. back on the right track which giving the government a much-needed dose of discipline. He explains the need to keep taxes low for the national economy to grow. He discusses his tax plan, which committed to...
This code impacted Dominique because her tax preparer used her pay stubs instead of the W2 end of year tax summary from her employer, which did not reconcile and which is why she got the code (in WMR and on tax transcript) after filing her tax return. Here is what happened next. You...
to spend no more than income permits; keep out of debt. to pay income tax by regular deductions from one's salary or wages. pay it forward,to express gratitude for kindness or good fortune by doing good for someone else: People were very helpful to us, so we want to pay it forward ...
Tax-saving Fixed Deposits are favoured for their tax benefits under Section 80C of the Income Tax Act. These FDs have a five-year lock-in period, during which the invested amount cannot be withdrawn. By investing in a tax-saving FD, you can claim a tax deduction of up to Rs. 1.5 lakh...