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Form8453For the year January 1December 31, 2018 See instructions on page 2. Go to www.irs.gov/Form8453 for the latest information. Department of the Treasury Internal Revenue Service R I NT Please print
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Gather all necessary documents such as W-2 forms, 1099 forms, and receipts for deductions.
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Determine your filing status (e.g. single, married filing jointly, head of household).
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Calculate your total income by adding up all sources of income including wages, self-employment income, and investment income.
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Fill out the necessary forms such as Form 1040 or Form 1040EZ.
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Any individual who is an American citizen, permanent resident, or resident alien and meets the income threshold for filing taxes as determined by the IRS needs to file a federal US individual income tax return. It is required by law to report your income and pay taxes on it.
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Federal US individual income refers to the income earned by individuals that is subject to federal income tax. This includes wages, salaries, dividends, interest, and rental income, among other sources.
Generally, any individual who earns above a certain income threshold is required to file a federal US individual income tax return. This includes residents and non-residents, as well as self-employed individuals.
To fill out a federal US individual income tax return, individuals typically need to gather their income information, deductions, and credits. They can use IRS forms such as Form 1040 or 1040-SR and submit them electronically or via mail, ensuring all information is accurate and complete.
The purpose of federal US individual income tax is to generate revenue for the government to fund public services and infrastructure. It is also used to redistribute wealth and promote social equity.
Individuals must report various types of income including wages, interest, dividends, capital gains, and any other earnings. Deductions, credits, and any additional taxes owed must also be reported.
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