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Tax Year: 2021 Filing Deadline: 01/31/2020Commissioner of the Revenue PO Box 858 Lynchburg, VA 2450508582021 RETURN OF TANGIBLE BUSINESS PROPERTY AND MACHINERY & TOOLSYearCost (a)Additions (b)Disposals
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How to fill out tax year 2021

01
Gather all necessary documents such as W-2 forms, 1099 forms, and any other income statements.
02
Choose the appropriate tax form based on your filing status and income level.
03
Fill out all personal information including your name, address, and Social Security number.
04
Report all income earned during the tax year, including wages, tips, and any other sources of income.
05
Claim any deductions or credits you are eligible for, such as student loan interest, mortgage interest, or charitable contributions.
06
Double-check all calculations and ensure all information is accurate before submitting your tax return.
07
Submit your completed tax return to the IRS by the deadline, usually April 15th.

Who needs tax year 2021?

01
Individuals who earned income during the tax year 2021.
02
Business owners who need to report their profits and losses for the year.
03
Freelancers or independent contractors who need to report their self-employment income.
04
Anyone who wants to claim deductions or credits to reduce their tax liability.
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Tax year is the period of time used to calculate an individual's or company's tax liability.
Individuals and businesses who earn income are required to file tax year.
Tax year can be filled out either manually using paper forms or electronically through tax software.
The purpose of tax year is to determine how much tax an individual or business owes to the government.
Income, deductions, credits, and other financial information must be reported on tax year.
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