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1. An Easy Guide to US Income Tax
What is the Income Tax?An income tax is a fundamental levy imposed on an individual or entity’s income. There are many forms of income taxation; the levy can be based off of a progressive, proportional, or regressive system.Individual income taxes typically tax the total income of the individual (some deductions are permitted), while the corporate income tax will tax the enti..
2. How to File Income Tax Documents
In order to files one’s income taxes properly, one must fill out the appropriate forms; this is in addition to the accurate report of all earnings.Income Tax Documents and FilingIncome tax documents are any official documents – accumulated from both an employer, as well as from the Internal Revenue Service (IRS) – that illustrate all earnings from employment. In addition,..