tax reporting
Declaring your income
Tax reporting is the process of documenting and submitting financial information to tax authorities—income earned, deductions claimed, taxes owed or paid.
Individuals file annual returns; businesses may have more complex tax reporting requirements including payroll, sales tax, and corporate filings.
The new software simplified our tax reporting considerably.
- creditsUnits toward graduation
- tax lawRules governing government levies
- taxable incomeEarnings subject to taxation
- deductionsConclusions from reasoning
- exemptionsReleases from obligation
capital gains · tax bracket · tax code · W-2 · tax audit · 1099 · withholding · estimated payments · Form 1040 · financial statements · tax season · filing deadline · e-filing · gross income · standard deduction · amended return · compliance · receipts
- taxationtax, income tax, sales tax, tax return, tax refund
- corporate taxcorporate tax, corporation tax, corporate taxation, taxable income, tax liability
- nonprofit accounting501(c)(3), tax-exempt, tax exemption, charitable giving, in-kind donations
- securities operationsclearing, settlement, matching, execution, back office
- banking regulationFDIC, banking oversight, bank audit, bank examiners, bank examiner
- publishing financebook sales, profit margins, production costs, distribution costs, advances
tax reportingtax evasion
Illegally avoiding government dues
tax fraud · underreporting · cooking the books · money laundering · tax avoidance
tax reportingnon-disclosure
Mandated secrecy obligation
concealment · undeclared income · opacity · confidentiality · silence