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Rev 1/5/16Alamance Community College Spring 2016 Workforce Development Schedule HOW TO SIGN UP LOCATION Contents (Clickable) Academic & Career Readiness ....................................................................................

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Rev 1516 is a form used for reporting information about income and expenses.

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Individuals and businesses who have earned income and incurred expenses during the tax year are required to file rev 1516.

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What is the purpose of rev 1516?

The purpose of rev 1516 is to accurately report income and expenses to the tax authority for the purpose of calculating tax liability.

What information must be reported on rev 1516?

Income sources, expenses incurred, deductions claimed, and any other relevant financial information must be reported on rev 1516.

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