Tax return
A tax return is a form on which a person or organization shows an account of income and circumstances, used by the tax authorities to find liability for tax.[1] Sometimes, depending on how much a person's salary is, they might get a bigger tax return than others. These returns often means they get money back.[2] Tax returns are usually processed by each country's tax authority, known as a revenue service, such as the Internal Revenue Service in the United States and HM Revenue and Customs in the United Kingdom.
References
[change | change source]- ↑ "Income tax return". Merriam-Webster Dictionary. Archived from the original on 23 June 2023. Retrieved 13 May 2024.
- ↑ Angus Stevenson, ed. (2010). Oxford Dictionary of English (Third ed.). Oxford University Press. p. 1823. ISBN 9780199571123.
