What incomes do you need to file a tax return for 2016 year
On the official website of the United States Revenue Service information published for all US residents who are about to file a declaration this year. First you need to figure out who exactly should report to the state. Determine your status will help special tablewhich is available in Russian.
Photo: Shutterstock
Another important question is to decide types of taxesthat must be stated in the declaration in this reporting year.
Your gross income includes all amounts received as payment for personally rendered services. These revenues are earned income. The person receiving the income is obliged to keep accurate records of all taxable income when it is received.
Income derived from individual labor and business activity is also considered earned income.
What other types of income other than earned are to be included in the tax return?
In addition to income earned by employees, there are other types of taxable income that must be included in the tax return.
The number of income to be included in the tax return includes the following:
- Salaries and wages;
- Commission;
- Fees;
- Fringe benefits;
- Tip;
- Stock options;
- Interest;
- Dividends;
- Shares obtained from the distribution in the partnership;
- Shares obtained in the distribution of capital gains;
- Pensions;
- Unemployment benefits;
- Winnings in gambling;
- Earned income received abroad.
More information you can find here.
Read also on ForumDaily:
6 free ways to report to the Tax Administration
10 facts about the upcoming tax season
How does the USA pay taxes paid abroad?
5 ways to reduce your taxes for 2016 year
What taxes do you pay from your salary in the USA
How to pay taxes in the US if you work for yourself
Another hobby or business: how does this affect the amount of tax?
Who must file a declaration in the USA
As a non-resident to open a business in the US: what taxes you need to pay
Subscribe to ForumDaily on Google NewsDo you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.
-
Personal experience: who and why you should not move to the USA5614
-
50 diseases whose presence will increase the cost of health insurance in the USA4329
-
Great opportunities with ChatGPT: 12 easy ways to make money using artificial intelligence1324
-
What should not be on your resume if you want to find a job in the USA763
-
Four unforgivable mistakes immigrants make to the United States552
-
Dependence on cars and one supermarket per city: why ours is unusual in one-story America403
-
Ten secret restaurants in the USA: what is their highlight and how to find them254
-
Personal experience: who and why you should not move to the USA5614
-
Where in the USA to buy the medicines we are used to: a list of pharmacies5330
-
How to hit the jackpot: tips from a man who won the lottery 7 times4898
-
50 diseases whose presence will increase the cost of health insurance in the USA4329
-
Street, avenue, boulevard or drive: how to understand the classification of US streets and roads1461
-
Personal experience: what not to do in America1402
-
Great opportunities with ChatGPT: 12 easy ways to make money using artificial intelligence1324