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What is the purpose of filling in a personal income tax return?
Wiki User
∙ 11y ago
The purpose.....to contribute to the society you belong to....that provides so many things you rely on.....and if you have to ask, maybe your so unaware that your likely one needing and using what those taxes provide more than those paying for most of them! You just think everything exists for your enjoyment I guess...and everyone else should provide everything for you.
By asking you show your simply so self centered that you must think everything is about you. I don't even mind, in fact I'm happy that I can be able to help take care of you. Perhaps your one of those unfortunates that the rest of us need to take care of.
Wiki User
∙ 11y ago
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Define earned income taxes and personal income taxes?
An individual taxpayer using the 1040 federal income tax return earned income worked for income and the related income taxes and the personal income taxes would be the same thing on the 1040 income tax return.
What is the taxable income max on a 1040?
There is no maximum income amount on a 1040 personal income tax return. The form will incorporate whatever amount of income a person has to report on their personal income.
What day do you file income taxes in the state of Texas?
For the 2009 tax year the state of Texas does not have a personal state income tax return that has to be filed. The federal income tax return payment and date is April 15 2010.
Is rent expense deductible with the IRS?
No. Personal expenses are not deductible on your 1040 income tax return.
Can you deduct the cost of utilities from your taxes?
No. Personal expenses would not be deductible on your income tax return.
For individual person which form is required for income tax return filling?
1040
Do I Filling annual tax filling form?
If you worked then you need to file an income tax return. If you have a business then you will also need to file a tax return in order to remain compliant.
Define earned income taxes and personal income taxes?
An individual taxpayer using the 1040 federal income tax return earned income worked for income and the related income taxes and the personal income taxes would be the same thing on the 1040 income tax return.
What is the taxable income max on a 1040?
There is no maximum income amount on a 1040 personal income tax return. The form will incorporate whatever amount of income a person has to report on their personal income.
How can you file taxes and not be legal?
By not filling out and filing your income tax return correctly and NOT reporting all of the necessary information that is needed to be reported on your income tax return correctly. Failing to report some required information on the income tax return, etc.
If you win a lawsuit in a personal injury accident do you have to claim it as income on your income tax return?
Yes!
What day do you file income taxes in the state of Texas?
For the 2009 tax year the state of Texas does not have a personal state income tax return that has to be filed. The federal income tax return payment and date is April 15 2010.
Is rent expense deductible with the IRS?
No. Personal expenses are not deductible on your 1040 income tax return.
Can you deduct the cost of utilities from your taxes?
No. Personal expenses would not be deductible on your income tax return.
Who can pay Income return of tax?
Hi frnds, for individual whose income is more than 110000(2008-09,fiscal period) for women 1450000 must file income tax form by 31 july(for audit 31oct) . for not filling return may penalty of 5000. THANKS
Can you file your personal income tax your business income tax separately?
Not as a sole proprietorship, independent contractor or self employed taxpayer. You would have to use the schedule C of the 1040 tax form for this purpose. If your Business is incorporated or a entity with it's own tax ID, then you will have to file separate business income tax return.
What rate of income tax is currently in place in the US?
The United States has a progressive income tax system. The highest current rate of income tax on a personal return is 33%.
