Filing a Return

Filing a return is the process of submitting a document to a government agency or other organization, such as a bank or employer, that reports income, expenses, and other financial information. It is typically done on an annual basis, although some organizations may require more frequent filings. The return is usually accompanied by supporting documents, such as receipts, invoices, and other records. Depending on the organization, the return may be filed electronically or in paper form.

History of Filing a Return

The practice of filing a return dates back to ancient times, when governments would require citizens to submit information about their income and assets. In the United States, the first federal income tax was enacted in 1861, and the first individual income tax return was filed in 1862. Since then, the practice of filing a return has become increasingly common, with individuals, businesses, and other organizations filing returns to report their income and other financial information.

Comparison of Filing a Return

Summary

Filing a return is the process of submitting a document to a government agency or other organization that reports income, expenses, and other financial information. It is typically done on an annual basis, although some organizations may require more frequent filings. The return is usually accompanied by supporting documents, such as receipts, invoices, and other records. Depending on the organization, the return may be filed electronically or in paper form. For more information about filing a return, visit the Internal Revenue Service website or consult a tax professional.

See Also

• Tax Return
• Tax Refund
• Tax Deduction
• Tax Credit
• Tax Evasion
• Tax Avoidance
• Tax Liability
• Tax Exemption
• Tax Rate
• Taxable Income

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