What is the meaning of tax return and IRS?
January 24, 2009 by Tax Blog
Filed under Questions & Answers
wizard101z asked:
Theres just a big question mark on my head everytime i hear this word (tax return , IRS). Can anyone tell me what is the function and meaning of tax return and IRS?
Theres just a big question mark on my head everytime i hear this word (tax return , IRS). Can anyone tell me what is the function and meaning of tax return and IRS?
landmangirl on Sun, 25th Jan 2009 2:15 am
It’s our annual tradition. The government wants to know how much money you made in 2006 and then you pay tax on it. The local Internal Revenue Service office will give you forms needed to report the income. You find your income on the table provided and pay that tax. If your employer withheld taxes, then that has already been turned in and you make up the difference OR if you overpaid then the IRS will owe you a refund. Check it out!