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NM ATA Joint Negotiations Tentative Agreement January 23, 2017, Summary of National Agreement Changes For the period covering September 1, 2015, through May 31, 2021ARTICLE 3, SECTION 1(j)(1) (TRAINING
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Material US federal income is the income earned by an individual or entity from sources within the United States that is subject to federal income tax.
Individuals or entities that earn income from US sources and meet certain income thresholds are required to file material US federal income.
Material US federal income can be filled out by using the appropriate tax forms provided by the Internal Revenue Service (IRS) and reporting all sources of income, deductions, and credits accurately.
The purpose of material US federal income is to calculate the amount of tax owed to the federal government based on the income earned.
Information such as income from wages, investments, self-employment, rental properties, and other sources must be reported on material US federal income.
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