1040A Form

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1040A Form

In the United States, a simplified version of the 1040 Form on which a taxpayer lists his/her income. In order to be eligible to use the 1040A, the taxpayer must not itemize deductions, own a business, or exceed a certain ceiling on income. It is more complex than the 1040EZ Form, but it appeals primarily to new taxpayers who do not have dependents and cannot claim other credits.
References in periodicals archive ?
However, lately, revenue agents (RAs) have been frequently requesting Forms 1040 as part of their information document requests.
6012-1(a)(6) prescribes Form 1040 as the form for making the return required of an individual.
Virtually all of the authority for treating a signed Form 1040 as a nullity relies on the fact that the taxpayer refused to provide any information pertaining to his income, or provided de minimis income information and accompanied the purported return with tax-protestor-type arguments.
If the taxpayer subsequently perfects the homemade income tax form with a return properly made on Form 1040, the IRS should accept the Form 1040 as a return filed as of the date the homemade return was filed.
Using the 1040 as a protection roadmap -- Different filing statuses such as "Single," "Married Filing Jointly," "Head of a Household" or "Qualifying Widow(er)" all point to potential life insurance needs.
Using the 1040 as a protection roadmap: This benchmark is what can guide decisions on how much life insurance is needed.
Using the 1040 as a protection roadmap: In contrast to the profits from the sale of equities, for example, cash value increases within a life insurance policy or annuity compound on a tax-deferred basis.
Using the 1040 as a protection roadmap: Life insurance can help accomplish a number of financial objectives in this area, including passing a business interest to heirs or associates, or accumulating enough assets to supplement retirement income.
Using the 1040 as a protection roadmap: Clients who wish to enhance their charitable giving might consider donating a life insurance policy and taking a tax deduction in recognition of their generosity.