In Legal Terms: Informational Tax Returns

Our guest Professor Robert Duran from the University of Mississippi School of Law. https://law.olemiss.edu/faculty-directory/robert-duran/Who needs to file an informational return? https://www.irs.gov/businesses/small-businesses-self-employed/a-guide-to-information-returnsIf you want the definitive information concerning federal income taxes – https://www.irs.gov/ is your website. You can get answers to your tax questions, check your federal tax withholding, or make a payment.Where do your income tax dollars go? Defense, Health and Human Services, Social Security, and to pay down debt. https://home.treasury.gov/system/files/136/Outlays-by-Agency-2023.pdfOur government collects money from Individuals’ and corporate income, social insurance, and Customs Duties. https://home.treasury.gov/system/files/136/Receipts-by-Source-2023.pdf Hosted on Acast. See acast.com/privacy for more information.