The tax return
Example: Tax return reports income and calculates taxes owed or refunded
Definition
"The tax return" is a financial document filed with the government that reports an individual's or business's income, expenses, and other relevant tax information to calculate the amount of tax owed or the refund due.
Etymology
The phrase "the tax return" originates from the noun "tax," derived from Latin 'taxare,' meaning to assess or estimate, and "return," from Old French 'retorn,' meaning to go back or send back. Together, "tax return" refers to the submission of financial information back to tax authorities.
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"The tax return" appears in the Vocaplus list "English - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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