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BUSINESS TAX RETURN 2024City of Franklin Income Tax Division 1 Benjamin Franklin Way Franklin, Ohio 45005 Phone: (937) 9861035OR FISCAL YEAR ___ TO ___ Did you file a City return last year? YES NOIs
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How to fill out individual returns
How to fill out individual returns
01
Gather all necessary documents including W-2s, 1099s, and any relevant receipts.
02
Choose the right tax form (1040, 1040A, 1040EZ) based on your income and situation.
03
Fill out your personal information accurately including your name, address, and Social Security number.
04
Report your income by entering amounts from your W-2s and other income sources.
05
Claim any eligible deductions such as student loan interest or mortgage interest.
06
Calculate your tax liability or refund by following the instructions on the tax form.
07
Sign and date your return.
08
Submit your return electronically or via mail before the deadline.
Who needs individual returns?
01
Individuals who earn income and need to report it to the IRS.
02
Self-employed individuals who must file to pay self-employment taxes.
03
Students or dependents who have income and are required to file.
04
Individuals who want to claim tax refunds due to overpayments or credits.
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What is individual returns?
Individual returns are the tax forms filed by taxpayers to report their income, deductions, and tax obligations to the government.
Who is required to file individual returns?
Individuals who earn above a certain income threshold, are self-employed, or meet specific criteria set by tax authorities are required to file individual returns.
How to fill out individual returns?
To fill out individual returns, taxpayers must gather their financial information, complete the appropriate tax forms, and provide accurate details regarding income, deductions, and credits.
What is the purpose of individual returns?
The purpose of individual returns is to report income, assess tax liability, and determine eligibility for tax credits and deductions.
What information must be reported on individual returns?
Taxpayers must report their income, filing status, deductions, credits, and other relevant financial information on individual returns.
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