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1701v2018o BIR Form.Page 2 of 3Republic of the PhilippinesDepartment for Finance BIR B GS Bureau of Internal Revenue s Onto. FormRIBAnnual Income Tax Return1701 anuayr2018Individuais (including MIXED

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How to fill out income tax return and

01

Gather all necessary documents such as W-2 forms, 1099 forms, receipts, and proof of deductions.

02

Choose the appropriate tax form based on your filing status and income level.

03

Fill in personal information such as name, address, and Social Security number.

04

Enter your income from various sources including wages, investments, and self-employment.

05

Claim any eligible deductions and tax credits to reduce your taxable income.

06

Calculate the total tax owed or refund due.

07

Sign and date the return before submitting it to the IRS either electronically or by mail.

Who needs income tax return and?

01

Individuals who earn income above a certain threshold set by the IRS are required to file an income tax return.

02

Self-employed individuals, business owners, and freelancers must also file an income tax return.

03

Taxpayers who want to claim deductions or credits to reduce their tax liability should also file a return.

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What is income tax return?

An income tax return is a form or forms filed with a tax authority reporting income,expenses, and other tax-related information. It is used to calculate tax liability.

Who is required to file income tax return?

Generally, individuals who earn above a certain income threshold, corporations, partnerships, and organizations are required to file an income tax return.

How to fill out income tax return?

To fill out an income tax return, collect required documents, report income, claim deductions and credits, calculate tax owed, and file the return with the appropriate tax authority.

What is the purpose of income tax return?

The purpose of an income tax return is to report income, claim tax deductions and credits, and determine the amount of tax owed or refund due.

What information must be reported on income tax return?

Information that must be reported includes personal information, income sources, deductions, credits, and tax payments made throughout the year.

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