Definitions for Tax preparation
tax prepa·ra·tion

WikipediaRate this definition:0.0 / 0 votes

1. tax preparation

   Tax preparation is the process of preparing tax returns, often income tax returns, often for a person other than the taxpayer, and generally for compensation. Tax preparation may be done by the taxpayer with or without the help of tax preparation software and online services. Tax preparation may also be done by a licensed professional such as an attorney, certified public accountant or enrolled agent, or by an unlicensed tax preparation business. Because United States income tax laws are considered to be complicated, many taxpayers seek outside assistance with taxes (53.5% of individual tax returns in 2016 were filed by paid preparers).Some states have licensing requirements for anyone who prepares tax returns for a fee and some for fee-based preparation of state tax returns only. Commercial tax preparation software, such as TurboTax, is widely used by individuals preparing their own tax returns. The Free File Alliance provides free tax preparation software for individuals with less than $72,000 of adjusted gross income for tax year 2020. People who make more than $72,000 can use Free File Fillable Forms, electronic versions of U.S. Internal Revenue Service (IRS) paper forms.

WikidataRate this definition:0.0 / 0 votes

1. Tax preparation

   Tax preparation is the process of preparing tax returns, often income tax returns, often for a person other than the taxpayer, and generally for compensation. Tax preparation may be done by the taxpayer with or without the help of tax preparation software and online services. Tax preparation may also be done by a licensed professional such as an attorney, certified public accountant or enrolled agent, or by an unlicensed tax preparation business. Because United States income tax laws are considered to be complicated, many taxpayers seek outside assistance with taxes. The remainder of this article describes tax preparation by someone other than the taxpayer. Some states have licensing requirements for anyone who prepares tax returns for a fee and some for fee-based preparation of state tax returns only. The Free File Alliance provides free tax preparation software for individuals with less than $58,000 of adjusted gross income for tax year 2010. People who make more than $58,000 can use Free File Fillable Forms, electronic versions of IRS paper forms. Both the brand-name software and online fillable forms are available only at the Internal Revenue Service website at www.irs.gov/freefile.

How to pronounce Tax preparation?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say Tax preparation in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of Tax preparation in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of Tax preparation in Pythagorean Numerology is: 7

Examples of Tax preparation in a Sentence

1. Michael Millman:

   The DIY tax business has been growing much faster than assisted tax preparation, the DIY tax business's going to be hard for HR Block to catch Intuit and TurboTax.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Tax_Preparation
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=Tax preparation