Now we find out who trump owes money to
JUST IN: Supreme Court Upholds Ruling Allowing House Investigators to Get Trump’s Tax Records From the IRS
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RedBaron · M
Not exactly. Debts have nothing to do with tax returns. You would need something called a credit report for that.
@RedBaron By itself, a tax return won't tell you everything about an individual's bottom line. However, if you combine it with other supporting documents, including a statement of net worth, you can gain some insight into a taxpayer's finances.
"Taking a look at a tax return gives you a roadmap of the activities and the transactions any one individual had during the year," said Edward Reitmeyer, regional tax partner-in-charge at Marcum LLP in Philadelphia.
"It's the accumulation of the year's transactions into one document," he said.
The Form 1040 sums up a filer's taxable income. However, the attached schedules are the meat and potatoes: They show the sources of a taxpayer's income and deductions claimed.
"Taking a look at a tax return gives you a roadmap of the activities and the transactions any one individual had during the year," said Edward Reitmeyer, regional tax partner-in-charge at Marcum LLP in Philadelphia.
"It's the accumulation of the year's transactions into one document," he said.
The Form 1040 sums up a filer's taxable income. However, the attached schedules are the meat and potatoes: They show the sources of a taxpayer's income and deductions claimed.
sunsporter1649 · 70-79, M
@Ryderbike LOL, so when are we gonna see the attached schedules of bidens, pelosis, and schumers returns?