Every individual earns an income for his living. From that earning, Government takes a share so that it can maintain the general utility facilities. This share is called income tax. Some philosophers also say Income Tax to be a compulsory extortion of money. Copy the link given below and paste it in new browser window to get more information on Income Tax Filing:- www.transtutors.com/homework-help/finance/income-tax-faling.aspx

1. Federal Income Tax System
INCOME TAX FILING

2. Movement of Taxes
Individual
working and
earning income
Paying taxes
out of his hard
earned money
Government
collecting taxes
and using it for
welfare of
common man

3. Computation of Taxable Income
Gross Total
Income
Subtract Above
the line
deductions
Adjusted Gross
Income
Subtract
Exemptions
Subtract
standard or
itemized
deductions
Taxable Income

4. Filing of Income Tax
Income Tax
Filing by
Individual
E-Filing
Third party tax
preparation
Software
Authorized IRS
E-file Provider
Physical Filing
Download-
Print-Sign-
Send

5. Always Pay your taxes honestly and diligently to help
the nation grow!

6. Hey Friend,
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