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December 22, 2017Tax Reform Bill Passed by House and Senate and Signed into Law Both houses of Congress have passed tax reform legislation in the form of H.R. 1. The final tax law in its enrolled
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Begin by gathering all the necessary financial documents such as W-2 forms, receipts, and any other relevant tax documents.
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Familiarize yourself with the tax reform bill and its major changes. This will help you understand which sections of the form to focus on.
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Start by filling out your basic personal information such as name, address, and social security number on the appropriate sections of the form.
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Move on to the income section, where you will report your earnings from different sources such as wages, dividends, or rental income.
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Calculate and report any adjustments to your income, such as deductions or credits that you are eligible for.
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Proceed with filling out the sections for taxable income and taxes owed. Pay close attention to any changes brought by the tax reform bill in these areas.
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If you have any dependents, make sure to provide their information and any applicable tax benefits or credits.
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Finally, review your completed tax reform bill form for accuracy and ensure that you have signed it before submission.
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Make copies of all the documents for your records and submit the filled-out form as per the instructions provided by the tax authorities.

Who needs tax reform bill passed?

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The tax reform bill passed is needed by individuals and businesses who are required to file their taxes. It affects anyone who earns income and is subject to taxation according to the laws of the country.

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