Tax Return

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Tax Return

The form that the government requires a taxpayer to file with the appropriate official by a designated date to disclose and detail income subject to taxation and eligibility for deductions and exemptions, along with a remittance of the tax due or a claim for a refund of taxes that were overpaid.

The federal and state governments specify the deadlines for filing tax returns without incurring any additional interest or penalties for lateness. For most income taxpayers, the deadline of April 15 of the year following the close of the tax year for which the report is filed applies to both federal and many state returns. For persons who have made taxable gifts, the federal gift tax return is due annually on or before April 15 of the year following the tax year (as opposed to the former requirement of quarterly filing). For executors or administrators of estates that owe estate tax, a federal estate tax return must be filed within nine months of the date of death of the decedent. States may have comparable deadlines for gift and estate tax returns.


Estate and Gift Taxes; Income Tax.

tax return

n. the form to be filed with a taxing authority by a taxpayer which details his/her/their income, expenses, exemptions, deductions, and calculation of taxes which are chargeable to the taxpayer. (See: tax)

References in periodicals archive ?
In return, Preservation Easement Trust provides a completed IRS Form 8283 that the easement donor attaches to the income tax return for the year in which the conservation easement is contributed and a deduction is first claimed.
In a plea agreement with the government ROSELLI has agreed to pay a $20,000 fine, and assist the IRS in the collection of back taxes owed by his clients for whom he prepared false income tax returns.
The self-employed, including shop owners, doctors and lawyers, are among those required to file income tax returns, along with employees who receive salaries from more than one source.
Standard, Itemized, and Total Deductions Reported on Individual Income Tax Returns, Tax Years 1950-2005 Page 134
File amended income tax returns for taxable years where you underreported your income for tax amnesty years by May 31, 2005.
He was indicted in August 2000 by a grand jury that charged him with 14 counts of preparing false income tax returns for the tax years 1994 through 1997.
New Edition--Individual Income Tax Returns Workshop, by Ranweiler and Biebl, 2002 (No.
1971, the National Employee Savings and Trust Equity Guarantee (NESTEG) bill, which would amend section 6062 of the Internal Revenue Code to require that the income tax return of a corporation be signed by its chief executive officer.
Residents of these states can file their 1993 state income tax return through H&R Block.
The April 17 deadline applies to 2006 state and federal income tax returns, whether filed electronically or on paper; 2006 balance due tax payments, whether made electronically (e-Pay, credit cards) or by check; individual estimated tax payments for the first quarter of 2007, made electronically or by check, and other provisions as detailed by the IRS in their news release IR-2007-15.
ISLAMABAD, October 12, 2009 (Balochistan Times): October 20 is the last date for filing/e-filing of Income Tax Returns by the taxpayers.