tax return

The form on which an individual, corporation or other entity reports income, deductions, and exemptions and calculates their tax liability. A tax return is generally for a one year period, however, in some cases, the period may be less than a year. A federal tax return is filed with the Internal Revenue Service, and a state return is filed with the revenue department of the state.
See also return
@ amended return
A tax return filed after the original return generally due to a correction of an error. Declaration of estimated taxes. The amount of tax expected to be paid for the year. Self-employed individuals, and those whose withheld taxes are not adequate to cover their tax liability, as well as corporations, estates, and trusts, must make estimated payments quarterly.
@ information return
A tax return filed by an entity listing the income, expenses, assets, and liabilities of the entity. A tpa??. liability is generally not calculated on an information return, instead, it is a vehicle used to report the financial results of an entity for the tax period. An example of an information return is a partnership return (Form 1065). I.R.C. No. 6031 et seq.
@ joint return
Tax return filed jointly by both spouses; permitted even though only one had income.
@ separate return
Tax return filed by only one spouse and covering only his or her income
@

Black's law dictionary. . 1990.

Look at other dictionaries:

  • tax return — n: return (5) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. tax return …   Law dictionary

  • tax return — ˈtax reˌturn noun [countable] TAX the form on which you have to give information so that your tax can be calculated: • There are step by step instructions on how to fill out a tax return. * * * tax return UK US noun [C] (also income tax return,… …   Financial and business terms

  • Tax return — refers to a document which can be filed with a government body declaring liability for taxation, in a number of countries including :* Tax return (Australia) * Tax return (Canada) * Tax return (United Kingdom) * Tax return (United States) …   Wikipedia

  • tax return — tax returns N COUNT A tax return is an official form that you fill in with details about your income and personal situation, so that the tax you owe can be calculated …   English dictionary

  • tax return — tax′ return n. bus return 23) • Etymology: 1885–90 …   From formal English to slang

  • tax return — ► NOUN ▪ a form on which a taxpayer makes a statement of income and personal circumstances, used to assess liability for tax …   English terms dictionary

  • tax return — noun document giving the tax collector information about the taxpayer s tax liability (Freq. 2) his gross income was enough that he had to file a tax return • Syn: ↑income tax return, ↑return • Hypernyms: ↑legal document, ↑legal instrument, ↑ …   Useful english dictionary

  • tax return — A form upon which a taxpayer makes an annual statement of income and personal circumstances enabling claims to be made for personal allowances. In the UK an income tax return also requires details of capital gains in the year. The onus is on the… …   Accounting dictionary

  • tax return — A form upon which a taxpayer makes an annual statement of income and personal circumstances enabling claims to be made for personal allowances. In the UK an income tax return also requires details of capital gains in the year. The onus is on the… …   Big dictionary of business and management

  • tax return — UK / US noun [countable] Word forms tax return : singular tax return plural tax returns an official document on which you give details of your income so that the government can calculate the amount of tax that you have to pay …   English dictionary

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