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 A tax on any money earned during a fiscal year, usually filed on a yearly basis. All businesses except partnerships must file an annual income tax return. Partnerships file an information return. |
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 Essentially a direct tax on any income, this includes capital gains, wages, etc. |
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 IRS.gov - The source of all things tax related in the United States How to deduct an ostrich: America's funniest tax stories - Read about some people who tried to deduct too much in the wrong places. |
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