Federal Tax Research 10th Edition Sawyers Test Bank

Tax return

Tax return refers to the form pertaining to which annual statement of the personal and income circumstance is being stated by the taxpayer that is undertaken by the tax authority for determining the tax liability of the taxpayer on the basis of whether he is individual or a company. Thus the format of tax return generally comprises of worksheet pertaining to which figures of income is taken into consideration for computation of the tax liability.

In this case, the disciplines from which the tax system of U.S is derived are sociology, political science, economic, accounting and law. Accounting and law discipline basically provide the rules and regulation underlying the tax system. There exist blend of law and accounting underlying the tax practice. Scientist of sociology and politics will determine whether the system of tax discriminates against some taxpayers. Lastly the rate of tax will influence the economics.

Chapter 2: