How To Fill Out An Income Tax Return

Table of contents:

How To Fill Out An Income Tax Return
How To Fill Out An Income Tax Return

Video: How To Fill Out An Income Tax Return

Video: How To Fill Out An Income Tax Return
Video: How to fill out IRS Form 1040 for 2020 2024, December
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The declaration of income is mandatory for individual entrepreneurs without the status of a legal entity, private notaries and lawyers, persons who receive income abroad, who have won a lottery, competition, casino, as well as for those who have sold or leased their property.

How to fill out an income tax return
How to fill out an income tax return

Instructions

Step 1

Collect a package of documents that prove your income. If you sold shares or shares, you will receive a certificate from a brokerage or investment firm in the form of 2-NDFL. If you sold movable or immovable property, then take a sales contract. If you receive income from renting out housing, then you will need an agreement with tenants, where the amount of remuneration is indicated.

Step 2

Take also a certificate from the place of work in the form of 2-NDFL. Familiarize yourself with the basics of accounting by reading Chapter 23 of the Tax Code of the Russian Federation. Take several forms of the 3-NDFL tax return, which can be purchased at stationery stores, taken from the tax office, or downloaded from the Tax Service website.

Step 3

Analyze all sheets of your tax return. In order not to get confused in their number, set aside the necessary sheets for the sections of your income. To simplify filling out the declaration, install special software on your computer. You can download the program by going to the official website of the Federal Tax Service https://www.nalog.ru, then to the section "Electronic services" and select the item "Software tools for legal entities and individuals". You will need the latest 2010 Declaration. By installing this software, you will not need to waste time on complex calculations on the calculator

Step 4

Understand the tax rates that apply to your income. To do this, read the Tax Code or fill out the basic rules. The 13% rate is set on profits from the sale of shares, shares, property, rent and salary. The 9% rate applies to dividends, and the 35% rate applies to income from winning a lottery, casino or sweepstakes.

Step 5

Contact specialized firms that provide tax filing services if you find it difficult to complete this procedure yourself.

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