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Oregon Department of Revenue Estimated Corporation Excise and Income Tax ACH Credit Electronic Funds Transfer Program Guide Application form and instructions 150-102-042 (Rev. 11-09) Introduction

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What is an income tax?

Income tax is a tax on an individual's or entity's income, imposed by the government.

Who is required to file an income tax?

Individuals or entities that have taxable income above a certain threshold are required to file an income tax return.

How to fill out an income tax?

To fill out an income tax return, you need to gather all relevant financial information, such as income, deductions, and credits, and use them to fill in the appropriate sections of the tax form.

What is the purpose of an income tax?

The purpose of an income tax is to generate revenue for the government and fund public services and programs.

What information must be reported on an income tax?

Information that must be reported on an income tax includes income from various sources, deductions, credits, and personal details.

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