Residents are taxed on global income, non-residents only on Turkish-sourced earnings. Tax residency requires staying in Turkey for more than 6 months annually. Companies become residents if head office or business center is in Turkey
IRS is a crucial federal government institution collecting and enforcing taxes. IRS plays a vital role in maintaining the country's fiscal stability. Understanding IRS regulations is essential for compliance and financial management
Form 1040 is the federal income tax return for US residents. Returns are due by April 15 unless extended by Form 4868. Form consists of two pages with 23 lines total. 142 million returns filed in 2018, 92% electronically
Simple tax returns for salaried employees have until 15 July. Complex tax returns for self-employed must be filed by 18 October. Independent filing deadline is same as accountant filing
Form 1040 is the standard IRS form for individual tax returns. Must be filed by April 15 in most years. Required for all U.S. citizens earning income over certain thresholds
Tax return reports income, expenses, and tax information to calculate liability. Most countries require annual tax returns for reportable income. US uses Form 1040 for individuals, Form 1120 for corporations