Income tax refers to annual taxes levied by the federal government and most state governments on individual and business income. By law, businesses and individuals must file federal and state income tax returns every year to determine whether they owe taxes.
Individual Taxpayer Identification Number
ITIN or an Individual Taxpayer Identification Number is a tax processing number issued by the internal revenue Service (IRS), income tax department of the US. ITIN is a nine-digit number and always begins with the number 9 and has a 7 or 8 in the fourth digit, such as 9XX-7X-XXXX. Individual Taxpayer...
A filing extension is an exemption made to both individual taxpayers and businesses that are unable to file a tax return by the due date. Individuals can complete and file IRS Form 4868 by the regular date of their return, which is usually April 15, for an automatic six-month extension.
An extension gives you extra time to file, but not extr...
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