Definition: Tax Returns Control is an IT concept that refers to the use of information technology systems and tools to manage, process, and control the filing of tax returns. It involves the use of software to automate tax calculations, ensure compliance with tax laws, and facilitate the efficient and accurate filing of tax returns.
Source: Investopedia
Source reference: https://www.investopedia.com/terms/t/tax-return.asp
Additional information: Tax Returns Control in IT is a critical aspect of financial management for both individuals and businesses. It involves the use of specialized tax software that can handle various tasks such as income tracking, tax calculation, and form preparation. These systems also help in ensuring compliance with the ever-changing tax laws and regulations. They can also facilitate electronic filing (e-filing), which makes the tax return process more efficient. Moreover, these systems can also provide tax planning features, helping taxpayers to strategize and minimize their tax liabilities.
Example: Examples of Tax Returns Control applications include popular tax software like TurboTax, H&R Block, and TaxAct. These programs help users to input their financial information, automatically calculate their taxes based on the latest tax laws, and prepare their tax returns for submission. They also offer features like error checking, tax deductions and credits optimization, and direct e-filing to the IRS. Some businesses may also use more advanced systems like ERP software, which can handle tax management as part of their broader financial management capabilities.
LOST view: OV-Digital Public Services Catalogue
Identifier: http://data.europa.eu/dr8/egovera/TaxReturnsControlBusinessService
EIRA traceability: eira:DigitalPublicBusinessService
ABB name: egovera:TaxReturnsControlBusinessService
EIRA concept: eira:ArchitectureBuildingBlock
Last modification: 2023-07-27
dct:identifier: http://data.europa.eu/dr8/egovera/TaxReturnsControlBusinessService
dct:title: Tax returns control Digital Public Service
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| eira:PURI | http://data.europa.eu/dr8/egovera/TaxReturnsControlBusinessService |
| eira:ABB | eira:DigitalPublicBusinessService |
| dct:modified | 2023-07-27 |
| dct:identifier | http://data.europa.eu/dr8/egovera/TaxReturnsControlBusinessService |
| dct:title | Tax returns control Digital Public Service |
| dct:type | egovera:TaxReturnsControlBusinessService |
| skos:definition | Tax Returns Control is an IT concept that refers to the use of information technology systems and tools to manage, process, and control the filing of tax returns. It involves the use of software to automate tax calculations, ensure compliance with tax laws, and facilitate the efficient and accurate filing of tax returns. |
| eira:definitionSource | Investopedia |
| eira:definitionSourceReference | https://www.investopedia.com/terms/t/tax-return.asp |
| skos:example | Examples of Tax Returns Control applications include popular tax software like TurboTax, H&R Block, and TaxAct. These programs help users to input their financial information, automatically calculate their taxes based on the latest tax laws, and prepare their tax returns for submission. They also offer features like error checking, tax deductions and credits optimization, and direct e-filing to the IRS. Some businesses may also use more advanced systems like ERP software, which can handle tax management as part of their broader financial management capabilities. |
| eira:concept | eira:ArchitectureBuildingBlock |
| skos:note | Tax Returns Control in IT is a critical aspect of financial management for both individuals and businesses. It involves the use of specialized tax software that can handle various tasks such as income tracking, tax calculation, and form preparation. These systems also help in ensuring compliance with the ever-changing tax laws and regulations. They can also facilitate electronic filing (e-filing), which makes the tax return process more efficient. Moreover, these systems can also provide tax planning features, helping taxpayers to strategize and minimize their tax liabilities. |
| eira:view | OV-Digital Public Services Catalogue |