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Grade 4 Learning PacketThank you for continuing your children education. To help support you in continuing their education, we have put together this optional resource for your use. Gracias POR continual
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Gather all necessary information such as income sources, deductions, and credits.
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Choose the appropriate form for your situation (1040, 1040A, or 1040EZ).
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Fill out personal information including name, address, and social security number.
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Report all income earned throughout the year, including wages, self-employment income, and investment income.
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Calculate deductions and credits to reduce taxable income.
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01
Individuals who have taxable income and need to report it to the IRS.
02
Self-employed individuals who need to report their income and expenses.
03
Taxpayers who want to claim deductions and credits to reduce their tax liability.
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Anyone who receives income from multiple sources and needs to calculate their total taxable income.
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Tips and schedules are used to report the gratuities received by employees in the service industry.
Employers in the service industry who have employees that receive tips are required to file tips and schedules.
Tips and schedules can be filled out by documenting the tips received by each employee and reporting them to the IRS.
The purpose of tips and schedules is to accurately report the income earned by employees in the service industry through tips.
In tips and schedules, employers must report the amount of tips received by each employee, as well as the total tips received by the establishment.
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