An individual tax return is an official form that a person submits to a federal, state, or local taxing agency to report all taxable income received during a specific period, usually the previous year. The recording of pertinent information assists in assessing the amount of tax that is due or was overpaid.
An individual tax return is an official form that a person submits to a federal, state, or local taxing agency to report all taxable income received during the previous year.
The individual tax return is one of several types of forms used to report taxable income. Businesses, corporations, and non-profit groups all are required to file their own variations on the individual return.
