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Oregon Inheritance Tax Return Form IT1 (120) For Office Use Only Date received Year of Death 2010 Payment Clear form BIN Part 1 (Please print or type.) Decedents first name, middle initial, and last
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Who needs it-1?
01
Individuals who have a taxable income and are required by law to file income tax returns need to fill out the IT-1 form.
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Business owners, self-employed individuals, and freelancers who generate income from their work also need to fill out the IT-1 form.
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Any individual who receives income subject to tax withholding and wants to claim deductions, credits, or exemptions should fill out the IT-1 form.
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Students or individuals who are eligible for tax benefits or refunds should also fill out the IT-1 form to avail themselves of these benefits.
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What is it-1?
It-1 is a form used to report income, deductions, and credits for individuals.
Who is required to file it-1?
Individuals who have income from self-employment, rental properties, investments, or other sources may be required to file it-1.
How to fill out it-1?
It-1 can be filled out electronically or on paper, and requires information about income, expenses, and potential deductions.
What is the purpose of it-1?
The purpose of it-1 is to accurately report taxable income and ensure compliance with tax laws.
What information must be reported on it-1?
Information such as income from self-employment, rental income, interest and dividends, and potential deductions must be reported on it-1.
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