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GENERAL INFORMATION INDIVIDUALS AND BUSINESSES USE THE SAME TAX FORM FILING DEADLINE: APRIL 15, 2016, OR THE IRS DUE DATE Additional forms and/or assistance, please contact: City of Canal Fulton Income
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For individuals, start by gathering all the necessary personal information such as full name, date of birth, social security number, and contact details.
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Proceed to provide information about your income, including employment details, salary, bonuses, and any other sources of income.
03
If you have any dependents, make sure to include their information as well, such as their names, ages, and relationship to you.
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Next, provide information about your expenses, including rent or mortgage payments, utilities, insurance, and any outstanding debts or loans.
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If you have any investments or assets, list them separately along with their values and any income they generate.
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Finally, review the form for accuracy before submitting it, ensuring that all the required fields have been filled out correctly.

Who needs individuals and businesses use:

01
Individuals who need to fill out tax forms, such as the annual income tax return, will need to use the information mentioned above to accurately report their financial situation to the tax authorities.
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Businesses, both small and large, also need to fill out various forms and documents to report their income, expenses, and other financial details to regulatory bodies, shareholders, and potential investors.
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Additionally, individuals and businesses may need to fill out forms for other purposes, such as applying for loans, acquiring licenses or permits, or registering for government programs or benefits.
In summary, individuals and businesses need to fill out forms and documents to accurately report their financial information to the relevant authorities or stakeholders. The process involves gathering personal and financial details, providing accurate information, and reviewing the form before submission.
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Individuals and businesses use it to report their income and expenses to the government.
Individuals and businesses who meet certain income thresholds are required to file.
Individuals and businesses can fill out the form either manually or electronically.
The purpose is to accurately report income and expenses for tax purposes.
Income, expenses, deductions, and credits must be reported on the form.
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