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What is 1 it?
1-IT (Income Tax) is a form used to report income and calculate taxes owed to the government.
Who is required to file 1 it?
Anyone who earns income above the taxable threshold set by the government is required to file a 1-IT.
How to fill out 1 it?
To fill out a 1-IT, individuals must provide personal information, report all sources of income, and calculate their tax liability using applicable deductions and credits.
What is the purpose of 1 it?
The purpose of 1-IT is to ensure that individuals report their income accurately and pay the appropriate amount of income tax to the government.
What information must be reported on 1 it?
Individuals must report their name, address, Social Security number, sources of income, deductions, and credits on the 1-IT form.
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