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COMMITTEE ON LEGISLATIVE RESEARCH OVERSIGHT DIVISION FISCAL NOTE L.R. No.: Bill No.: Subject:Type: Date:1222H.01I HE 555 Taxation and Revenue General; Revenue, Department of; Taxation and Revenue
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What is general explanation of tax?
General explanation of tax is a document that provides details about an individual or business's income, expenses, deductions, and tax liability.
Who is required to file general explanation of tax?
Individuals and businesses who have taxable income or meet certain filing requirements are required to file general explanation of tax.
How to fill out general explanation of tax?
General explanation of tax can be filled out manually or electronically using tax preparation software or hiring a tax professional.
What is the purpose of general explanation of tax?
The purpose of general explanation of tax is to report income, deductions, credits, and calculate tax liability to determine if any taxes are owed or a refund is due.
What information must be reported on general explanation of tax?
Information such as income sources, expenses, deductions, credits, and personal information must be reported on general explanation of tax.
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