Individual entrepreneurs operating on the territory of the Russian Federation and working on a common taxation system are required, according to the current legislation, to send a report on income received to the tax inspectorate every year.
The data necessary for reporting are submitted by the entrepreneur on paper in the form of a completed 3-NDFL declaration. Filling out a tax return is a mandatory requirement not only for those who run their own business, but also for ordinary citizens who have received income outside their main place of employment for 12 months. This category of taxpayers undertakes to file a declaration so that income taxes are withheld from their income. For many Russian citizens, filling out a 3-NDFL tax return is a necessary condition for filing a tax deduction. Failure to do so will result in penalties.
Filling out a 3-NDFL tax return can cause certain difficulties for both a legal entity and an individual. Avoiding such hiccups will help knowledge of the current tax law. A sample tax return may be an example of reporting.
What is a 3-income tax return?
The procedure for filling out a tax return is prescribed in the current legislation of the country. Detailed instructions developed by the Federal Tax Service allow entrepreneurs to quickly fill out various reports and papers on their own. Despite the fact that the tax inspectorate provides instructions on how to fill out a tax return, it is necessary to rely on certain articles of the Tax Code to avoid errors. An incorrectly completed document will not be considered valid.
An example of filling out a tax return gives taxpayers an idea of a correctly completed report and avoids errors in filling out forms. Such samples can be found in the tax service departments on information stands or on the official website of the Federal Tax Service.
The tax inspector must check the declaration for errors and inaccuracies in its submission. All inconsistencies found in the report are immediately indicated by the inspector. Responsibility for the completeness of the information provided lies solely with the person who submits the declaration.
Clarifying Declaration
The tax declaration of the clarifying type is filled in when the taxpayer, after submitting the reports, finds out that a certain amount was not paid in annual income.
No penalty is imposed on the payer if the specified amount does not exceed the amount of taxes payable. Payment of a fine and penalty, together with the introduction of tax into the state budget, is carried out if the individual or individual entrepreneur has not performed the settlements properly, as shown by the adjustment.
3-income tax return
Reporting sent in the form of 3-NDFL is a document that indicates all additional income received by the individual entrepreneur or individual for the year. The papers also indicate data that takes into account all privileges and tax rebates.
What is taken into account when filling out a 3-personal income tax return
The amount of tax is determined on the basis of income received for the year; it includes funds received for:
- Sale of real estate - land, apartments, private houses.
- Sale of any property.
- Receiving money transfers.
- Receiving winnings worth more than 4 thousand rubles.
- Sale of a vehicle owned by a taxpayer for less than three years.
- Letting real estate for rent.
When is the declaration required to be submitted?
Filling out a tax return and its subsequent submission to the bodies of the Federal Tax Service is carried out in the following cases:
- After paying for the training of the taxpayer or his children.
- Payment of medical measures.
- The acquisition or construction of residential facilities, including the registration of a mortgage.
- The presence of children - each receives about one and a half thousand rubles of tax deduction.
- Receiving funds from individuals or companies.
- Sale of real estate or movable property.
- Receiving prizes, winnings and other awards.
- Receiving funds from abroad.
- Getting the author’s fee.
- Receipt of property issued by gift.
Documents for the declaration of 3-personal income tax
Filling out a tax return requires the provision of a package of documents and information from them - personal data of the taxpayer and other information that would confirm the fact of receipt of income:
- Documents for the property being sold.
- Payment documents.
- Certificates issued at the place of employment, in the form of 2-NDFL.
- Contracts that were drawn up to perform certain works, provide services, receive cash.
Sample tax return
Individual entrepreneurs working under the general tax regime must submit a 3-personal income tax return to the tax authorities.
Excessive funds spent on taxes may be returned to the taxpayer. To do this allows the tax return 3-PIT. A sample form for filling out the tax deduction can be found at the tax office.
Documents and reports confirming the taxpayer’s income are submitted before April 30 of the year following the reporting year.
There are several ways to make a declaration:
- Freehand using black or blue ink.
- Using printing equipment, it is forbidden to resort to double-sided printing.
Tax payment deadlines
Filling and submitting a tax return, as well as subsequent payment, must be carried out strictly within the time limits established by law:
- Until July 15 of the year in which the report was submitted.
- If the taxpayer received income from which personal income tax was not withheld, then the tax is paid in two stages: the first payment is made in the first 30 days from the receipt of the paper, the second - in the next 30 days from the first payment.
Data indicated in the declaration
The person paying the tax shall indicate the following data in the form of a report:
- Personal, including address of residence, passport details, contact details.
- Registration data as a taxpayer.
- The amount of income received during the reporting period.
All information must be truthful and supported by documents.
The compiled report must be checked for errors and typos. An individual or individual entrepreneur undertakes to affix a personal signature and seal to the documents. An example of filling out a tax return can be seen on the stands at the tax office or on the official websites of the Federal Tax Service.
Tax deduction
Filling out a declaration in the form of 3-NDFL gives the taxpayer legal grounds for filing a tax deduction. Such benefits can significantly reduce the tax base.
It is possible to receive a tax deduction only after submitting a relevant application to the regulatory authorities. Documents are attached to it, which confirm the right of the applicant to receive such benefits.
Filling out a 3-NDFL declaration on the Internet
Today, you can fill out, print and file a declaration in the form of 3-NDFL using special software, which can be downloaded from the official website of the Federal Tax Service of Russia or third-party resources. Downloading such a program to a user's personal computer makes it possible to quickly enter personal data into the declaration form, which are automatically distributed according to the necessary columns and lines. In the future, the taxpayer is required to introduce the necessary numbers, which will be distributed on the necessary lines of the declaration.
You can send a tax return to the appropriate authorities without resorting to a personal visit to the inspection. Today it has become possible thanks to the Internet and special resources. Sending a declaration online requires the taxpayer to verify receipt of documentation by regulatory authorities.
The declaration can also be submitted through the Internet service "State Services". Despite the availability and convenience of this method of sending documentation, it still requires the personal presence of a taxpayer at the Federal Tax Service, since a copy of the declaration must be signed.
Filling out and filing a 3-personal income tax return requires the taxpayer to have only a personal computer with Internet access, the necessary package of documents and a small amount of free time. For convenience, the Federal Tax Service of Russia has created special software that not only saves time, but also avoids errors while filling out the declaration.