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An annual tax return is a form individuals and businesses use to report their income and calculate their tax liability for the year.

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Individuals and businesses meeting certain income thresholds are required to file an annual tax return with the appropriate taxing authority.

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An annual tax return can be filled out manually or electronically, following the instructions provided by the taxing authority.

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The purpose of an annual tax return is to report income, claim deductions and credits, and determine the amount of tax owed or refund due.

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Income, deductions, credits, and other relevant financial information must be reported on an annual tax return.