Tax Return

(redirected from Income Tax Returns)
Also found in: Dictionary, Thesaurus, Financial.

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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
Federal prosecutors are also pursuing tax-related charges against a 51-year-old Country Club Hills accountant who is accused of falsifying personal income tax returns. Additionally, a 48-year-old Chicago man who filed fake income tax returns and netted $900,000 was convicted last week, authorities said.
Pakistan Tax Bar Association (PTBA) on had advised Federal Board of Revenue (FBR) to extend the last date for filing income tax returns by at least 15 days in order to give opportunity to genuine taxpayers for discharging their liability.
All those whose annual salary from July 1, 2017 to June 30, 2018 is above Rs400,000 are required to file their income tax returns along with wealth statement for the financial year 2017-18.
The increase in the filing of Income Tax returns envisages the confidence of taxpayers upon the policies of the Government, FBR, as well as the stability of e-filing system.
What is the status of an ageing pensioner who used to file his income tax return along with taxable income and a certificate from the employer about deduction made at source during his service?
The Tax Department also said that members of the public may also visit its district offices where there are computers that can be used to submit income tax returns.
Others officers of Commerce and Trade group who have had not submitted their income tax returns are serving in Grade 18 at posts of Deputy Directors, First Secretary, Chief Manager, Commercial Secretary, Registrar Copyrights, Section Officer and Manager.
Although to avail this benefit, the start-up must e-file its income tax return citing the losses so that it can be redeemed later-on.
The annual Human Development Index certainly includes Norway and its neighbours Sweden, Finland and Denmark in the upper reaches of the charts but this could be attributable to the income, educational attainments and life expectancy of the inhabitants of these Nordic countries and very little with the disclosures of income tax returns.
Department of Health and Human Services (HHS), says in a new notice that it will offer an individual health insurance special enrollment period (SEP) to people who used Patient Protection and Affordable Care Act (PPACA) exchange plan premium subsidy tax credits in 2014 and failed to file 2014 income tax returns in time to qualify for the 2016 exchange tax credit program.
The deadline for filing income tax returns has been extended from 31 July to 5 August.