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This is an UPDATED sellers' packet. Both new AND returning sellers should print this and keep it on hand. Welcome to the Columbus Kids Resale! You're about to experience the Kids Resale as a seller!
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Both new and returning refers to individuals or entities who are filing a tax return for the first time, as well as those who have filed in previous years.
Any individual or entity who meets the criteria for filing a tax return, whether it is their first time filing or they have filed before, is required to file both new and returning.
Both new and returning tax returns can be filled out either manually by completing the necessary forms or electronically through tax preparation software.
The purpose of both new and returning tax returns is to report income, deductions, credits, and any other relevant financial information to the tax authorities for the assessment of taxes owed or refunds due.
On both new and returning tax returns, individuals or entities must report their income, deductions, credits, expenses, and any other financial information required by the tax authorities.
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