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Unemployment benefits or state income tax refunds (reported on Form 1099-G) Gambling income (reported on Form W-2G) Distributions from 529 Plans and Coverdell educational savings accounts ...
Flat tax, an income tax where everyone pays the same tax rate. Gift tax, a tax on gifts given (generally paid by the person making the gift, not by the recipient). Gross receipts tax, a tax on revenues received by a corporation, even if they don't profit. Hall–Rabushka flat tax, a flat tax on income that excludes investments.
Tax filing can feel like a never-ending stack of paperwork — especially if you find yourself digging for documents as you try to work through your return. Having a checklist and preparing your ...
Tax forms (1 C, 17 P) Treaties (16 C, 14 P) Truth and reconciliation commissions (4 C, 55 P) V. Vital statistics (government records) (3 C, 27 P) W. White papers (2 C ...
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Wisconsin adopted a corporate and individual income tax in 1911, [152] and was the first to administer the tax with a state tax administration. The first federal income tax was adopted as part of the Revenue Act of 1861. [153] The tax lapsed after the American Civil War.
Information returns are reports used to transmit information about income, receipts or other matters that may affect tax liabilities. For example, Form W-2 and Form 1099 are used to report on the amount of income that an employer, independent contractor, broker, or other payer pays to a taxpayer.
As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ – see below for explanations of each) used for such returns.
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