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6/14/2018201718 Tax Return ChecklistSMSF2017 2018 TAX RETURN CHECKLIST : SMS For year ended 30th June 2018IMPORTANT NOTE WORKFLOW MANAGEMENT The judgement due date of your tax return is between 31st

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How to fill out 2017 - 2018 tax

01

Gather all necessary tax documents such as W-2 forms, 1099 forms, and any supporting documentation.

02

Choose the appropriate tax form based on your filing status (e.g., 1040, 1040A, or 1040EZ).

03

Fill out personal information section, including your name, address, and Social Security number.

04

Report your income, including wages, self-employment income, and any other taxable income.

05

Deduct any eligible expenses, such as mortgage interest, student loan interest, and medical expenses.

06

Calculate your tax liability using the provided tax tables or online tax software.

07

Claim any tax credits that you qualify for, such as the Child Tax Credit or the Earned Income Tax Credit.

08

Double-check your calculations and make sure all information is accurate.

09

Sign and date the tax form.

10

Submit your completed tax form by mail or electronically.

Who needs 2017 - 2018 tax?

01

Anyone who has earned income during the tax year 2017 - 2018 needs to file a tax return.

02

Individuals who meet certain income thresholds or have specific filing requirements, even if they had no income, may also need to file a tax return.

03

Some individuals may choose to file a tax return even if they are not required to, in order to claim certain tax credits or deductions.

04

Businesses, self-employed individuals, and individuals with complex financial situations may also need to file additional tax forms.

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What is tax return?

A tax return is a form used to report income and expenses for tax purposes.

Who is required to file tax return?

Individuals, businesses, and other entities with taxable income are required to file a tax return.

How to fill out tax return?

Tax return can be filled out either manually or electronically, providing information on income, deductions, credits, and other tax-related details.

What is the purpose of tax return?

The purpose of a tax return is to calculate the amount of tax owed by an individual or entity and reconcile it with any tax payments already made.

What information must be reported on tax return?

Income, expenses, deductions, credits, and any other relevant financial information must be reported on a tax return.

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