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10Questions to Ask WHEN C HOOSINGAFINANCIAL PLANNER CERTIFIED F FINANCIAL PLANNER B BOARD OF S STANDARDS, I NC. You may be considering help from a financial planner for a number of reasons, whether
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You may be considering filing a tax return, specifically referring to the IRS forms related to your income and deductions.
Generally, individuals whose income exceeds a certain threshold set by the IRS are required to file a tax return. This includes employees, self-employed individuals, and certain dependents.
To fill out the tax return, gather necessary documents such as W-2s, 1099s, and other income statements. Follow the IRS guidelines based on the form you are using, ensuring to include income, deductions, and credits.
The purpose of filing a tax return is to report your income to the government, calculate tax liabilities, and determine eligibility for refunds and credits.
You must report your total income, deductions, credits, and any other tax-related information required by the IRS on your tax return.
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