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Administrative Services
DepartmentSUBJECT: First consideration of the 2019
Property Tax Levy OrdinanceAGENDA ITEM: 8. a. and 11.a.
MEETING DATE: November 21, 2019VILLAGE BOARD REPORT
TO:Village President
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What is an 11?
An 11 refers to Form 11, which is a tax return filing form used by individuals in the United States to report income for the Internal Revenue Service (IRS).
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Individuals who have a gross income that meets or exceeds the minimum threshold set by the IRS, or who are self-employed, are required to file a Form 11.
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To fill out Form 11, taxpayers must provide their personal information, report their income sources, claim eligible deductions, and calculate their tax liability based on the provided rules.
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The purpose of Form 11 is to enable individuals to report their income, claim deductions, and determine their tax liability to ensure proper compliance with tax laws.
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Form 11 requires reporting of personal information, all sources of income, deductions, credits, and any tax payments made.
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