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Definition: Tax Return |
Tax ReturnNoun1. Document giving the tax collector information about the taxpayer's tax liability; "his gross income was enough that he had to file a tax return". Source: WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved. |
Synonyms: Tax ReturnSynonyms: income tax return (n), return (n). (additional references) |
(From Wikipedia, the free Encyclopedia)
Tax returns (in the United States) are forms filed with the Internal Revenue Service or with the state or local tax collection agency (California Franchise Tax Board, for example) containing information used to calculate income tax or other taxes.
The standard US individual tax return is Form 1040. There are several variations of this form, as well as many different supplemental forms.
Americans who earn more than a specified amount (which changes occasionally, as of 2002 about $5000) are required by law to file tax returns (and pay remaining income taxes if applicable). Earnings are to be counted whether or not they arise from legitimate businesses - for example, income on sale of illegal drugs is taxable. Many criminals, most famously Al Capone, are indicted not (or not only) for their crimes, but for failure to file tax returns (and pay income taxes) on their ill-gotten gains.
Many Americans find the process of filling out the tax forms more onerous than paying the taxes themselves.
The majority of income tax is deducted from employee paychecks throughout the year; if calculations indicate that the individual has overpaid, they are due a refund. Many Americans get a "tax refund" based on the calculations in their tax return. Contrary to popular opinion, getting a large tax refund is not the best outcome of a tax return; instead it indicates that the individual in effect gave an interest-free loan of the refund amount to the government. Optimally (mathematically), a return should result in a payment owed of just less than would cause a penalty charge. However, some people use the tax refund as a simple "savings plan" where they're pleasantly surprised to get money back each year (even though it is excess money that they paid earlier in the year). Another argument is that it is better to get a refund rather than to owe money, because in the latter case one might find oneself without sufficient money in the checking account to pay the necessary payment.)
See Taxation in the United States.
Source: adapted by the editor from Wikipedia, the free encyclopedia under a copyleft GNU Free Documentation License (GFDL) from the article "Tax return."
Crosswords: Tax Return |
| English words defined with "tax return": amended return ♦ confuse ♦ declaration of estimated tax ♦ estimated tax return ♦ false return ♦ income tax return, information return ♦ Toll turn. (references) |
| Specialty definitions using "tax return": administrative fine, all savers certificate, Alternative Measures of income ♦ depletion allowance ♦ income-tax-return preparer ♦ LOAN INTERVIEWER, MORTGAGE, loan officer ♦ pro rata rule ♦ tax form preparer, TAX PREPARER. (references) |
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Books |
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Periodicals |
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Source: compiled by the editor from various references; see credits. | |||
| Author | Quotation |
Emo Philips | The IRS sent back my tax return saying I owed $800. I said "If you'll notice, I sent a paper clip with my return. Given what you've been paying for things lately, that should more than make up the difference." |
Source: compiled by the editor from various references. | |
| Subject | Topic | Quote |
Economic History | Panama | The cost for obtaining a license ranges from US$250 to US$750. Also, an annual tax is levied based on the net worth of the company, as stated in the income tax return. (references) |
Source: compiled by the editor from ICON Group International, Inc.; see credits. | ||
Expressions using "tax return": estimated tax return ♦ file an income tax return ♦ income tax return. Additional references. | |
| Source: compiled by the editor from various references; see credits. |
| The following statistics estimate the number of searches per day across the major English-language search engines as identified by various trade publications. Hyperlinks lead to commercial use of the expression at Amazon.com. |
| Expression | Frequency per Day |
tax return | 1,374 |
income tax return | 223 |
federal tax return | 158 |
federal income tax return | 72 |
irs tax return | 70 |
state tax return | 61 |
status of tax return | 54 |
tax return preparation | 53 |
copy of tax return | 43 |
status of federal tax return | 33 |
| Source: compiled by the editor from various references; see credits. | |
| Language | Translations for "tax return"; alternative meanings/domain in parentheses. | |
Dutch | belastingaangifte (return). (various references) | |
Esperanto | impostdeklaro (return). (various references) | |
Finnish | veroilmoitus. (various references) | |
French | déclaration souscrite par le redevable (tax return submitted by the taxable person). (various references) | |
German | Steuererklärung (tax declaration, tax form). (various references) | |
Japanese Kanji | 税金"告 . (various references) | |
Japanese Katakana | ぜいき"し""く. (various references) | |
Pig Latin | axtay eturnray.(various references) | |
Portuguese | tabela de alocação de arquivos (file an income tax return). (various references) | |
Swedish | deklaration (declaration, declarative, declarative statement, directive, pronouncement, pseudo-instruction). (various references) | |
Turkish | vergi beyannamesi, vergi beyanı. (various references) | |
| Source: compiled by the editor from various translation references. | ||
Scrabble® Enable2K-Verified Anagrams | |
| Words within the letters "a-e-n-r-r-t-t-u-x" | |
-2 letters: taunter. | |
-3 letters: attune, errant, extant, natter, nature, nutate, nutter, ranter, ratten, ratter, return, tarter, tauten, tauter, truant, turner, turret, urtext. | |
-4 letters: antre, extra, rater, reran, rerun, retax, tarre, tater, taunt, taxer, terra, tetra, treat, truer, tuner, urare, urate, utter. | |
-5 letters: ante, aunt, earn, eaux, etna, near, neat, nett, next, rant, rare, rate, rear, rent, ruer, rune, runt, tare, tarn, tart, tate, taut, tear, teat, tent, tern, text, tret, true, tuna, tune, turn, urea. | |
| Words containing the letters "a-e-n-r-r-t-t-u-x" | |
+3 letters: extrauterine. | |
| Source: compiled by the editor from various references; see credits. SCRABBLE® is a registered trademark. All intellectual property rights in and to the game are owned in the U.S.A and Canada by Hasbro Inc., and throughout the rest of the world by J.W. Spear & Sons Limited of Maidenhead, Berkshire, England, a subsidiary of Mattel Inc. Mattel and Spear are not affiliated with Hasbro. | |
Hexadecimal (or equivalents, 770AD-1900s) (references)54 61 78 52 65 74 75 72 6E |
| Leonardo da Vinci (1452-1519; backwards) (references)
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Binary Code (1918-1938, probably earlier) (references)01010100 01100001 01111000 00100000 01010010 01100101 01110100 01110101 01110010 01101110 |
HTML Code (1990) (references)T a x   R e t u r n |
ISO 10646 (1991-1993) (references)0054 0061 0078 0052 0065 0074 0075 0072 006E |
Encryption (beginner's substitution cypher): (references)5467902527186878480 |
| 1. Definition 2. Synonyms 3. Crosswords 4. Usage: Commercial | 5. Images: Slideshow 6. Quotations: Familiar 7. Quotations: Non-fiction 8. Expressions | 9. Expressions: Internet 10. Translations: Modern 11. Anagrams 12. Orthography | 13. Bibliography |
Copyright © Philip M. Parker, INSEAD. Terms of Use.
