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Annual Income Tax
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Annual Income Tax Requirements
- Owner Name
- Company Name (LLC Name)
- Phone Number
- Address (Resident)
- Postal Code
What is Annual Income Tax?
Annual income tax is a tax levied on an individual’s or a business’s income earned within a specific tax year.
Who is required to file an Annual Income Tax return?
Generally, anyone who earns income above a certain threshold is required to file an income tax return. This can include individuals, businesses, and other entities.
What happens if I don't file my taxes on time?
Late filing can result in penalties and interest charges.
What is Tax with Holding?
Tax withholding is when an employer or other payer deducts taxes from your income and sends them to the tax authority on your behalf.