Taxpayer

Definitions
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Taxpayer,

Definition of Taxpayer:

  1. United States tax code is legislated and enforced by federal, state, and local governments. The Internal Revenue Service is the primary governing agency overseeing implemented income tax code for both individuals and businesses. State and local revenue agencies are responsible for implementing and enforcing localized taxes such as sales taxes and property taxes. Both individuals and businesses must be aware of their tax obligations since not paying necessary taxes can result in penalties or further legal actions.

  2. A person who pays taxes.

  3. A person or company that has to pay tax.

  4. A taxpayer may be an individual or business entity that is obligated to pay taxes to a federal, state, or local government. Taxes from both individuals and businesses are a primary source of revenue for governments. In the United States, individual taxpayers are usually required to file and pay both federal and state tax returns annually. Businesses must also file annual returns but usually plan for and pay regular estimated tax payments throughout the year.

Synonyms of Taxpayer

People, Citizens, Subjects, General public, Electors, Electorate, Voters, Taxpayers, Residents, Inhabitants, Citizenry, Population, Populace, Community, Society, Country, Nation, World

How to use Taxpayer in a sentence?

  1. A basic rate taxpayer.
  2. Taxes from both individuals and businesses are a primary source of revenue for governments.
  3. Individuals and businesses have different annual income tax obligations.
  4. A taxpayer may be an individual or business entity that is obligated to pay taxes to a federal, state, or local government.

Meaning of Taxpayer & Taxpayer Definition
Accounting period
#2

Taxpayer,

How To Define Taxpayer?

  • The taxpayer can be a natural or legal person who has to pay taxes to the federal, state or local government. Personal and corporate taxes are the main source of government revenue. In the United States, individual taxpayers are generally required to file and file federal and state tax returns each year. Companies are also required to file annual tax returns, but they usually plan and estimate tax payments throughout the year.

    • The taxpayer can be a natural or legal person who has to pay taxes to the federal, state or local government.
    • Personal and corporate taxes are the main source of government revenue.
    • Individuals and companies have different annual tax liabilities.

  • Taxpayer can be defined as, Any taxpayer

Sentences of Taxpayer

  1. A key partner