1. To file a return: A tax return is the tax form or forms used to report income and file income taxes with tax authorities
2. Refund: A tax refund is the difference between taxes paid and taxes owed.
3. Rebate: A tax refund or tax rebate is a refund on taxes when the tax liability is less than the taxes paid.
4. Tax levy: the amount of money charged as taxation on particular assets or goods
5. Deductions: Tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income.
6. Exemption: Tax exemption refers to a monetary exemption which reduces taxable income. Tax exempt status can provide complete relief from taxes, reduced rates, or tax on only a portion of items.
7. Taxable income: Taxable income is the amount of income used to calculate an individual's or a company's income tax due.
8. Tax evasion: the illegal non - payment or underpayment of tax.
9. Fiscal year: a period that a company or government uses for accounting purposes and preparing financial statements. A fiscal year may not be the same as a calendar year, and for tax purposes.
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