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http://breeze.jmu.edu:v ...,*ft&rTODAYS WEATHERforecast on page 2\"KnowledgeUNisVOL. 77, NO. 52Liberty\"1*nxI^T^\'ESCATTERED SHOWERSFA (ended*VSMND0WJ0NI8R E E Z E * ^wi 9MTHURSDAY, APRIL 27, 2000Freshmen
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FTR stands for 'Federal Tax Return,' which is a form that individuals and businesses in the United States must file with the Internal Revenue Service (IRS) to report income and calculate tax obligations.
Individuals and businesses that have earned income above a certain threshold during the tax year are required to file an FTR. This includes employees, self-employed individuals, corporations, and partnerships.
To fill out an FTR, taxpayers must gather their financial documents, including W-2 forms, 1099 forms, and other income-related documents. They then complete the appropriate tax form (like Form 1040 for individuals) accurately listing income, deductions, and credits, and finally submit it electronically or by mail to the IRS.
The purpose of filing an FTR is to report annual income, calculate tax liability, and ensure compliance with federal tax laws. It helps the IRS assess an individual's or business's tax obligations.
An FTR must report personal identification information, total income earned, deductions claimed, tax credits, tax payments made during the year, and any other adjustments to income or exemptions for which the taxpayer is eligible.
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