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What are tax returns?

• Jacob Fernandes

  
   

  July 21, 2023

  Tax returns are official forms filed with the government, typically on an annual basis, to report income and financial information. Individuals and businesses use tax returns to calculate their tax liability and determine whether they owe taxes or are eligible for refunds. Filing tax returns is a legal requirement in most countries and failure to do so may result in penalties. Tax returns provide essential financial data used by governments to fund public services and programs.

  Tax returns are official forms filed with the government, typically on an annual basis, to report income and financial information. Individuals and businesses use tax returns to calculate their tax liability and determine whether they owe taxes or are eligible for refunds. Filing [url=https://bkaccountingllc.com/]tax returns[/url] is a legal requirement in most countries and failure to do so may result in penalties. Tax returns provide essential financial data used by governments to fund public services and programs.