An Income Tax Return (ITR) is a form filed with a tax authority that reports income, expenses, and other relevant financial information. Tax returns are used by individuals and businesses to calculate their tax liability, schedule tax payments, or request refunds for the overpayment of taxes.
The Internal Revenue Service (IRS) is an agency of the federal government responsible for the administration and collection of federal income taxes. As part of the Department of the Treasury, the IRS prints and distributes tax forms and audits tax returns.
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