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TREASURY INSPECTOR GENERAL FOR TAX ADMINISTRATION Affordable Care Act: Assessment of Internal Revenue Service Preparations to Ensure Compliance With Minimum Essential Coverage and Shared Responsibility
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Revenue service preparations are made to analyze and report financial information for tax purposes.
Individuals, businesses, and organizations that earn income are required to file revenue service preparations.
Revenue service preparations can be filled out manually or electronically, following the instructions provided by the tax authorities.
The purpose of revenue service preparations is to calculate the amount of tax owed by individuals, businesses, or organizations based on their income.
Income, expenses, deductions, credits, and other financial information must be reported on revenue service preparations.
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