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1040 Form
(redirected from Form 1040)

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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.


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Commentary on page 22 of the Form 1040 Instruction Booklet for 2009 with respect to "qualified dividends" provides examples of individual situations where the dividends would not be "qualified dividends".
As a self-employed individual you will have a Schedule C to attach to your Form 1040, and self-employment tax is computed on Form 1040, Schedule SE.
Self-employed folks have to pay the full bill, but you get to deduct half of the amount you pay on Schedule SE on your Form 1040.
 
 
 
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