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800 Central Avenue Highland Park 60035 8474323240 www.morainetownship.org DISCLOSURE AND RELEASE In order to better serve members of the public, Moraine Township offers tax preparation under IRS Volunteer Income

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How to fill out tax preparation forms

01

Gather all necessary documents such as W-2 forms, 1099 forms, receipts, and any other tax forms.

02

Fill out personal information such as your name, address, social security number, and filing status.

03

Report your income by entering the information from your W-2 and 1099 forms.

04

Deduct any eligible expenses such as mortgage interest, medical expenses, and charitable donations.

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Calculate your total income and deductions to determine your taxable income.

06

Fill out the appropriate forms to claim any tax credits or deductions you qualify for.

07

Double check your forms for accuracy before submitting them to the IRS.

Who needs tax preparation forms?

01

Individuals who earn income through wages, self-employment, investments, or other sources.

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Small business owners who need to report business income and expenses.

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Freelancers and independent contractors who are responsible for their own tax reporting.

04

Landlords who earn rental income and need to report it on their tax return.

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Anyone who wants to ensure they are complying with tax laws and maximizing their tax deductions.

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What is tax preparation forms?

Tax preparation forms are documents used by individuals or businesses to report income, expenses, and other relevant financial information to tax authorities, typically required for income tax returns.

Who is required to file tax preparation forms?

Individuals and businesses that earn income above a certain threshold, as well as those who have specific tax situations, such as self-employment or capital gains, are required to file tax preparation forms.

How to fill out tax preparation forms?

To fill out tax preparation forms, gather all relevant financial documents, accurately report income, expenses, and deductions, and follow the instructions provided for the specific forms you're using.

What is the purpose of tax preparation forms?

The purpose of tax preparation forms is to report financial information to tax authorities, calculate tax liability, and ensure compliance with tax laws.

What information must be reported on tax preparation forms?

Tax preparation forms typically require information such as total income, deductions, credits, and other financial data relevant to determining taxable income.

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