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taxpayer

taxpayer

taxpayer Sentence Examples

  • a tax on the whole income of the taxpayer, whatever its source.

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  • And because some little snot-nose has a vivid imagination, or thinks it's fun to tell whoppers, I'm supposed to go traipsing off in some god-forsaken mine on the taxpayer's expense on a treasure hunt?

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  • If the Inspector has requested an agreed apportionment the DV should seek the information from the taxpayer (or agent ).

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  • It seems to me that the Revenue has devised a kind of reverse tax arbitrage here, with the taxpayer as the victim.

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  • This is a truly astronomical amount of money the taxpayer is being asked to stump up.

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  • After all, it is the taxpayer who foots the bill.

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  • burden on the taxpayer.

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  • And because some little snot-nose has a vivid imagination, or thinks it's fun to tell whoppers, I'm supposed to go traipsing off in some god-forsaken mine on the taxpayer's expense on a treasure hunt?

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  • This was contained implicitly in the ordonnance of 1439, which at the same time suppressed the seigniorial taille, as competing too closely with the royal taille by imposing a double burden on the taxpayer.

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  • His chosen instrument, a clerical lawyer named Ranuif Flambard (q.v.), whom he presently made bishop of Durham, was shameless in his methods of twisting feudal or national law to the detriment of the taxpayer.

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  • cash cow for the government and, ultimately, for the British taxpayer.

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  • defraud the genuine council taxpayer.

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  • Pumping millions of of taxpayer dollars of play for.

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  • An economist friend long ago proposed the erection of a statue in Belfast to ' The Unknown British Taxpayer ' .

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  • errant fathers pay up, instead of the honest hard working taxpayer.

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  • Furthermore, in the right circumstances it was possible to get tax relief twice on sums that the taxpayer had never actually expended!

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  • expense of the taxpayer.

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  • hedgehogs on the islands at a cost of well over £ 100,000 of taxpayer's money.

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  • Giving the taxpayer an opportunity to rectify an omission in such cases is a means of enhancing voluntary compliance.

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  • The taxpayer thus pays a price in reduced or slow access to data for which she or he has already paid through taxation.

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  • rate taxpayer you will have extra tax to pay on your bank interest income and dividends.

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  • The north's economy continued to be kept artificially afloat by the huge annual subvention from the taxpayer.

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  • sweetheart deal that took land using taxpayer money.

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  • However, Mr Wagner announced he would be defending himself to save the taxpayer footing his legal aid bill.

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  • The British taxpayer paid up the arms industry reaped its profits.

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  • Higher rate taxpayers can give over a quarter more than a basic rate taxpayer for the same net cost.

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  • taxpayer dollars of play for.

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  • taxpayer subsidies amounting to 70% of its total development cost.

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  • taxpayer expense.

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  • After tax, this would fall to £ 8 for a basic-rate taxpayer or £ 6 for a higher-rate taxpayer.

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  • Example Suppose a top-rate taxpayer wants to put £ 10,000 cash into his pension scheme.

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  • I'm a higher rate taxpayer will I benefit from putting my savings into a Current Account Mortgage?

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  • underwriteeloquent proof of the vast over production, expensively underwritten by the taxpayer.

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  • unscramble the arrangements which enabled the taxpayer to give away assets but still enjoy them.

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  • wrested from the taxpayer, to employ more managers.

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  • This was contained implicitly in the ordonnance of 1439, which at the same time suppressed the seigniorial taille, as competing too closely with the royal taille by imposing a double burden on the taxpayer.

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  • a tax on the whole income of the taxpayer, whatever its source.

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  • It was also a distributory tax (impot de repartition); every year the king in his council fixed the total sum which the taille was to produce in the following year; he drew up and signed the brevet de la taille (warrant), and the contribution of the individual taxpayer was arrived at in the last analysis by a series of subdivisions.

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  • In describing the principal taxes which are employed in 'the United Kingdom to provide for the national expenditure, observations have necessarily been made upon the incidence, probable or assumed, upon the taxpayer, and on the question how far they may fall equally on the whole community without any special incidence being traceable.

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  • His chosen instrument, a clerical lawyer named Ranuif Flambard (q.v.), whom he presently made bishop of Durham, was shameless in his methods of twisting feudal or national law to the detriment of the taxpayer.

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  • Their figures were subjected to a severe scrutiny, and the law was laid down on all points in which the interests of the sheriff and the king, or the sheriff and the taxpayer, came into conflict.

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  • One taxpayer said: A quarter of a million pounds is a hell of a lot of money.

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  • As a higher rate taxpayer you will have extra tax to pay on your bank interest income and dividends.

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  • Gift Aid Declaration: I am a UK taxpayer and have paid tax equal to or more than the amount reclaimed on this donation.

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  • Nothing in this Bulletin affects a taxpayer 's right of appeal on any point.

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  • The north 's economy continued to be kept artificially afloat by the huge annual subvention from the taxpayer.

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  • I bought the Texas Rangers baseball team in a sweetheart deal that took land using taxpayer money.

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  • However, Mr Wagner announced he would be defending himself to save the taxpayer footing his legal aid bill.

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  • The British taxpayer paid up the arms industry reaped its profits.

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  • Higher rate taxpayers can give over a quarter more than a basic rate taxpayer for the same net cost.

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  • This aircraft, the 787, will receive American taxpayer subsidies amounting to 70% of its total development cost.

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  • Much of that has been dismantled at US taxpayer expense.

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  • After tax, this would fall to £ 8 for a basic-rate taxpayer or £ 6 for a higher-rate taxpayer.

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  • Example Suppose a top-rate taxpayer wants to put £ 10,000 cash into his pension scheme.

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  • I'm a higher rate taxpayer will I benefit from putting my savings into a Current Account Mortgage?

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  • That is eloquent proof of the vast over production, expensively underwritten by the taxpayer.

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  • Unscramble the arrangements which enabled the taxpayer to give away assets but still enjoy them.

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  • It throws in more money, wrested from the taxpayer, to employ more managers.

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  • The IRS arranges for automatic withdrawal from a taxpayer's bank account or payroll deduction.

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  • If a taxpayer is genuinely unable to pay due to extenuating circumstances, the IRS may decide to delay collection for a period of time.

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  • Otherwise known as an OIC, this is a final option that requires an application and IRS approval to allow a taxpayer to resolve the debt for less than the amount owed, only after other payment options have failed for one reason or another.

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  • All the necessary information as to what qualifies a taxpayer for an OIC option, the forms involved and further assistance can be found for free on the IRS Web site.

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  • City, state or local governments manage some centers, using taxpayer funds.

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  • Illinois: All Social Security income is tax-exempt and each taxpayer over the age of 65 receives $1,000 as an additional tax exemption.

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  • The amount of the credit is 10 percent of the home's purchase price to a maximum of $7,500 for a single taxpayer or a married couple who file their taxes jointly.

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  • A married taxpayer who files a separate return is limited to a tax credit of $3,750.

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  • The MAGI is a taxpayer's adjusted gross income plus the amount of any tax deductions such as IRA contributions, student-loans and college costs.

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  • Eligibility - The maximum MAGI for a single taxpayer is $75,000 and $150,000 for married couples who file a joint tax return.

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  • This tax credit is claimed on the taxpayer's federal income tax return.

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  • The only time it will be required to be paid back is if the home ceases to be the main resident of the taxpayer within the first three years after the purchase of the property.

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  • The counterfeit fashion industry is a criminal business and consumers purchasing counterfeit products in full awareness are contributing to worker exploitation alongside millions of taxpayer dollars.

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  • In 1995 the IRS reported it took an average taxpayer 9.5 hours to complete form 1040.

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  • Self-employed individuals must have a Social Security number or taxpayer identification number to file self-employment taxes.

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  • A Social Security number acts as a taxpayer identification number for most Americans.

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  • Sometimes the cost is taken care of by government programs and initiatives, but oftentimes, a portion of taxpayer money goes toward providing health care costs.

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  • Hundreds of billions of dollars, most of it taxpayer money, would pay for the initiative.

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  • Taxpayer money was used to make up an estimated $150 billion shortfall in FSLIC reserves to make sure that savings and loan customers were reimbursed for their losses.

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  • In fact, the U.S. Navy has spent a great many taxpayer dollars to create and maintain their own MySpace Page, with over eight thousand friends on that social network alone.

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  • Regardless of the method of completion, the taxpayer submits their 1040 or 1040EZ online through the IRS e-file system.

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  • The IRS does not charge a fee for using their e-file service, regardless of whether the taxpayer used the Free File service to complete their return.

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  • If a taxpayer owes money to the IRS, they can pay that amount by bank draft or credit card at the same time as they submit their return.

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  • The catch to requesting an extension is that it does not extend the period of time that a taxpayer must pay taxes.

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  • A taxpayer must pay an estimated amount of taxes at the same time they file form 4868.

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  • The Internal Revenue Service (IRS) allows only one taxpayer to claim the credit, regardless of whether multiple taxpayers support the child.

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  • Although both reduce a taxpayer's tax liability, a payer is not entitled to a return for any amount of credit that creates a negative liability.

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  • However, a taxpayer receives a refund for any amount of a deduction that establishes a negative liability.

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  • If a taxpayer answers "yes" on line 13 of the Child Tax Credit worksheet, lines nine or ten of forms 1040, 1040A or 1040NR, they can carry the additional amount to line 65 on form 1040, 42 on form 1040A or 61 on form 1040NR.

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  • For the credit, a taxpayer's income is determined by combining their yearly income and the amount of any alternative minimum tax (AMT) liability.

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  • However, a taxpayer can claim a full-time student older than 17 if the student does not claim themselves on their return.

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  • Adoptive children, even if placed with the taxpayer during the pendency of a legal adoption, can be claimed.

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  • Dependent: In addition to claiming the credit, the taxpayer must claim the child as a dependent on their return.

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  • Residence: The child must live with the taxpayer for more than half of the year.

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  • Prior to claiming the credit, ensure that you are able to do so on your tax form and that no other taxpayer or the child themselves intend to claim them as a dependent.

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  • The credit is available to any employed individual, even if self-employed unless they are listed as a dependent on another taxpayer's return.

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  • It varies depending on the taxpayer's filing status: single taxpayers receive a $400 credit and married taxpayers filing jointly receive $800.

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  • The specific amount of the credit depends on the number of qualified dependents the taxpayer claims.

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  • A "qualified dependent" is any child younger than 19, or 25 if they are a full-time student, who is related by blood or through an adoption to the taxpayer and who lives in the United States.

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  • Like the Making Work Pay credit, it entitles the taxpayer to a refund if it reduces their tax liability beneath zero.

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  • This amount of this credit depends on the taxpayer's income.

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  • This service requires information about the taxpayer's filing status, income and number of dependents.

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  • To claim the credit, however, the taxpayer must have purchased the home prior to December 1, 2009.

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  • This new deadline only required that the taxpayer have entered into a contract for sale by that date, but also required that they close on the property no later than July 1, 2010.

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  • This means that for any homes contracted for sale after April 30, 2011 or purchased after September 30, 2010, the taxpayer cannot receive the $8,000 credit.

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  • A credit owed on a previous year's return remains claimable, but only if the taxpayer amends their return for that year.

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  • To amend a return, the Internal Revenue Service (IRS) requires a taxpayer to submit form 1040X, titled "Amended U.S. Individual Tax Return," and form 5405, titled "First Time Homebuyer Credit and Repayment of the Credit."

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  • For all other homes, the taxpayer must submit a copy of the settlement statement.

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  • Once submitted, the taxpayer's return is amended to reflect application of the credit.

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  • Despite taxpayer's belief, the filing deadline is not necessarily midnight on April 15th.

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  • The Map lists tax topics alphabetically and provides information about their applicability to a tax return and the forms, if any, that a taxpayer must complete to handle the issue.

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  • The distinction between a credit and a deduction is essential knowledge for any taxpayer.

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  • Deductions and credits both reduce tax liability, but a taxpayer is entitled to a refund for any deductions surpassing a zero tax liability, not for any credits surpassing a zero tax liability.

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  • Unclaimed federal tax refunds are dollars the IRS owes to a taxpayer, but which it cannot pay because the taxpayer did not file a return for the year.

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  • Each year, the IRS keeps careful track of the amount of money paid into the system, the amount of income a taxpayer earns and, based on those amounts, how much it may owe a taxpayer.

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  • At the end of the tax year the IRS matches those amounts with the numbers on a taxpayer's return and, if they match up, issues a refund for any amount due.

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  • If, however, a taxpayer does not file a return, the IRS has no way of sending a refund.

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  • It is not enough that a refund is due, therefore, but a taxpayer must perform their duty of filing a return to receive it.

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  • Therefore, the ability to avoid filing does not mean that a taxpayer will not receive a refund.

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  • Only the taxpayer entitled to the refund can receive it.

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  • A return showing that the taxpayer owes money to the IRS or that there is no refund due will not appear within the system.

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  • The system will provide information on the date the return was received, the amount owed to the taxpayer and the date the refund was paid.

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  • Despite this, the representative should be able to provide the date the return was received, the amount of any refund due, the date the refund was electronically transferred or mailed and whether any amount is owed by the taxpayer.

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  • The representative may be able to inform the taxpayer if their return is being audited.

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  • This means that, in 2011, a taxpayer could receive a copy of their return for 2004-2010.

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  • To receive a copy, the IRS requires that taxpayers complete Form 4506, titled "Request for Copy of Tax Return," and submit it to the address on the form, which differs depending on the taxpayer's address.

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  • A tax return not entitling the taxpayer to a refund will not appear on the website.

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  • It shows information for the most recent tax year for which the taxpayer filed a return entitling them to a refund.

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  • Users must provide their social security number or taxpayer ID, filing status (single, married filing jointly or married filing separately) and the exact amount of refund on their return.

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  • The site contains information within 72-hours of the taxpayer electronically filing (e-file) their return or 3-4 weeks after mailing it.

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  • These withholdings are transferred to the IRS at least quarterly and count toward a taxpayer's total yearly tax obligation.

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  • Failing to timely file a return may subject a taxpayer to fines.

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  • There are no additional forms of documentation a taxpayer must complete and provide when filing their taxes late.

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  • Filing late, however, may require that the taxpayer increase the amount of money they pay to the IRS.

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  • Not including penalty fees in the remitted payment will result in the IRS considering the filing incomplete and sending a bill to the taxpayer for the remaining balance and any additional, unpaid fines.

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  • If a taxpayer is unable to pay the full amount of taxes they owe in a single payment the IRS will agree to a payment plan.

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  • Failing to comply with the terms of the payment plan may subject the taxpayer to additional fines.

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  • A taxpayer may request an extension to file their taxes by submitting IRS form 4868, titled "Automatic Extension of Time to File U.S. Individual Tax Return."

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  • Sometimes, a taxpayer can have these fines reduced or expunged, but only if they provide the IRS with evidence of a justifiable reason for failing to comply with its deadlines.

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  • Therefore, an accountant or other professional's failure to file a return or extension by the due date may result in the taxpayer being penalized by the IRS.

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  • Upon receipt of this form the IRS gives the taxpayer an additional six months to file a return.

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  • Therefore, a taxpayer must not only provide the required tax form or extension request, but must also pay the IRS the amount they anticipate owing.

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  • Failing to pay estimated taxes subjects the taxpayer to fines, but so does underestimating and underpaying taxes.

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  • The rate and calculation of penalties assessed against a taxpayer who files or pays late depends on the amount they owe and how long it has been overdue.

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  • The amount the IRS penalizes a taxpayer changes each year.

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  • This penalty increases to one percent if the taxpayer does not pay after the IRS sends a letter demanding payment.

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  • The agency encourages itemization, particularly when a taxpayer has a large amount of medical or dental expenses or has paid large amounts of interest or taxes on their main residence.

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  • However, the choice of category is decided by the taxpayer, and is usually selected based on which one provides them with the largest deduction.

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  • The standard deduction is a set amount of money that almost every taxpayer can claim on their return.

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  • Itemized deductions are expenses that can be legally subtracted from the taxpayer's income because the IRS has recognized them as deductible.

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  • These deductions are listed individually, added together and their total amount subtracted from the taxpayer's income.

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  • The full amount can be deducted from the taxpayer's income.

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  • The IRS specifically excludes medical expenses that are "merely beneficial to the taxpayer's health," such as the cost of vitamins.

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  • The IRS limits the amount of these deductions to 7.5 percent of the taxpayer's annual gross income.

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  • The organization does not have to be an established 501(c)(3) for the taxpayer to be entitled to benefit.

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  • A deduction is an amount of money which is subtracted from a taxpayer's annual gross income.

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  • Deductions are subtracted before the taxpayer determines the total amount of income that the IRS can tax, reducing the total amount.

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  • Because deductions apply before the taxpayer determines how much of their income is taxable, they are sometimes referred to as being "above the line."

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  • The IRS gives every taxpayer a "standard deduction," which is an amount of money they can claim against their income.

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  • The amount of the standard deduction varies depending on the taxpayer's marital and filing status.

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  • The credit was figured on IRS Schedule M and attached to the 1040 or 1040A income tax form used by the taxpayer.

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  • In reality, it permitted the taxpayer to delay paying the loan until 2010.

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  • In addition to purchasing a home within the specified period of time, the taxpayer must have been older than 18 and have been purchasing a home for use as their primary residence.

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  • To amend a return, a taxpayer must submit 1040X, "Amended U.S. Individual Tax Return," and form 5405, "First Time Homebuyer Credit and Repayment of the Credit."

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  • The rule is that if you paid what another taxpayer in your area would pay for the same improvements, it is reasonable.

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  • A credit is taken after the taxpayer's total amount of tax liability is calculated, and is different from a deduction, which is taken before the calculation.

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  • This help, however, is not dependent on the taxpayer's minority status, but instead on their income levels.

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  • These volunteers review a taxpayer's income and any paperwork concerning their credits and deductions.

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  • Assistance will not be denied to a taxpayer younger than 60, but they may be required to visit a VITA center.

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  • During the tax season, the IRS operates a toll-free phone number staffed by tax professionals to answer taxpayer questions: 1-800-TAX-1040.

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  • Completion of the form requires that the taxpayer have either a Social Security or Tax Identification Number.

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  • Form 1040-ES contains the address to which payments should be sent, which differs depending on the taxpayer's state of residence.

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  • It was also a distributory tax (impot de repartition); every year the king in his council fixed the total sum which the taille was to produce in the following year; he drew up and signed the brevet de la taille (warrant), and the contribution of the individual taxpayer was arrived at in the last analysis by a series of subdivisions.

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  • The amount of debt in the hands of the public was therefore only 87,714,000, that is to say 8,743,000 less than in 1883, while the interest charge to be borne by the taxpayer of Egypt was 3,378,000, being 890,000 less than in 1883.

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  • In describing the principal taxes which are employed in 'the United Kingdom to provide for the national expenditure, observations have necessarily been made upon the incidence, probable or assumed, upon the taxpayer, and on the question how far they may fall equally on the whole community without any special incidence being traceable.

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  • Their figures were subjected to a severe scrutiny, and the law was laid down on all points in which the interests of the sheriff and the king, or the sheriff and the taxpayer, came into conflict.

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  • The amount of debt in the hands of the public was therefore only 87,714,000, that is to say 8,743,000 less than in 1883, while the interest charge to be borne by the taxpayer of Egypt was 3,378,000, being 890,000 less than in 1883.

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  • In that case, the subsidy goes straight from the taxpayer in the other country to the purchaser of the subsidized crop.

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