Tax Returns

Tax returns are official documents that individuals and businesses file with tax authorities, like the IRS in the U.S., to report their income, expenses, and other relevant financial information for a specific year. This process helps determine how much tax is owed or if a refund is due. Tax returns typically include details about earnings, deductions, credits, and any taxes already paid. Filing a tax return is usually required annually, and it's a way for governments to collect revenue to fund public services and programs.