In Legal Terms: Informational Tax Returns




In Legal Terms show

Summary: <p>Our guest Professor Robert Duran from the University of Mississippi School of Law. <a href="https://law.olemiss.edu/faculty-directory/robert-duran/" rel="noopener noreferrer" target="_blank">https://law.olemiss.edu/faculty-directory/robert-duran/</a></p><br><p>Who needs to file an informational return? <a href="https://www.irs.gov/businesses/small-businesses-self-employed/a-guide-to-information-returns" rel="noopener noreferrer" target="_blank">https://www.irs.gov/businesses/small-businesses-self-employed/a-guide-to-information-returns</a></p><br><p>If you want the definitive information concerning federal income taxes – <a href="https://www.irs.gov/" rel="noopener noreferrer" target="_blank">https://www.irs.gov/</a> is your website. You can get answers to your tax questions, check your federal tax withholding, or make a payment.</p><p><br></p><ul> <li>Where do your income tax dollars go? Defense, Health and Human Services, Social Security, and to pay down debt. <a href="https://home.treasury.gov/system/files/136/Outlays-by-Agency-2023.pdf" rel="noopener noreferrer" target="_blank">https://home.treasury.gov/system/files/136/Outlays-by-Agency-2023.pdf</a> </li> <li>Our government collects money from Individuals’ and corporate income, social insurance, and Customs Duties. <a href="https://home.treasury.gov/system/files/136/Receipts-by-Source-2023.pdf" rel="noopener noreferrer" target="_blank">https://home.treasury.gov/system/files/136/Receipts-by-Source-2023.pdf</a> </li> </ul><br><hr><p style="color:grey;font-size:0.75em;"> Hosted on Acast. See <a style="color:grey;" target="_blank" rel="noopener noreferrer" href="https://acast.com/privacy">acast.com/privacy</a> for more information.</p>