1040 form

1040 form

The standard individual tax return form of the IRS.

1040 Form

A document that individuals and some corporations must file with the IRS each year. The 1040 form calculates income, deductions, and credits, and ultimately arrives at how much, if any, tax the filer owes for the year. The form itself is short, but many taxpayers must use additional forms to calculate how things like dividend income and capital gains are taxed on the 1040. See also: 1040EZ.
References in periodicals archive ?
com/rachel-maddow/watch/exclusive-look-at-trump-s-2005-tax-return-898054723694) released two pages of Trump's 2005 1040 form in March, showing he made $150 million and paid $38 million in federal taxes and would benefit handsomely from the elimination of the alternative minimum tax.
The government said that in some instances, clients were directed to sign the bottom of a blank 1040 form and the bottom of incomplete or blank work sheets.
The bottom line (adjusted gross income line) on page 1 of your 1040 form is "the line" that all accounting refers to.
The first release of the MeF 1040 includes the base 1040 form, 10 or 11 commonly used schedules, and explanatory attachments.
But for those not yet convinced to offer life products aggressively or to partner with a financial services organization it may come as a good idea: look at a 1040 form carefully or at a business tax filing and see how many areas for savings, for tax deduction, and for client-glue inhere in this form.
The IRS has always been fair and caring, particularly in the tax years 1997 to 2003, when it allowed one particular deduction on my 1040 form which, on the lace of it, was almost laughable for its .
The AMT requires that the tax liability be calculated twice, once using the regular 1040 form, with its graduated tax rates and generous deductions, and again using the AMT form, which levies a flat rate of 26 percent or 28 percent on all nonexempt income.
Most editorial cartoons now look as bland as B-roll and as impenetrable as a 1040 form.
Simply transferring the figures from the front page of a tax filer's 1040 form to the filer's EITC form could cause an error.
Once the transaction is complete, be sure to keep the paperwork for your IRS 1040 form.
The list reflects 1040 form information received by the IRS through May 19, 1999.