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Name: TAX TERMSYour income is. You are obligated to pay Federal Income Tax to the government through the Internal Revenue Service (IRS). Your employer WITHHOLDS some of your earnings and sends it
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My income is generated from my job and any other sources of revenue.
Individuals who earn a certain amount of income are required to file their income taxes.
You can fill out your income taxes by gathering all necessary documents and information, then either by hand or using tax software.
The purpose of filing income taxes is to report and pay taxes owed on your taxable income.
You must report all sources of income, deductions, and credits that you are eligible for on your income taxes.
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