Tax return
Term · Law · MLC-T-LAW-004853
A formal declaration of income, expenses, and other financial information filed with a tax authority. This document allows taxpayers to calculate their tax liability, claim deductions and credits, and determine if they are due a refund or owe additional taxes. Tax returns are typically filed annually, such as the IRS Form 1040 in the United States.
| Identifier | MLC-T-LAW-004853 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-004853",
"term": "Tax return",
"field": "Law",
"definition": "A formal declaration of income, expenses, and other financial information filed with a tax authority. This document allows taxpayers to calculate their tax liability, claim deductions and credits, and determine if they are due a refund or owe additional taxes. Tax returns are typically filed annually, such as the IRS Form 1040 in the United States.",
"url": "https://mlchart.com/terminology/law/tax-return/"
}
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