1040 form

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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.
References in periodicals archive ?
The statistics in this report are estimates from a probability sample of unaudited Individual Income Tax Returns, Forms 1040, 1040A, and 1040EZ (including electronic returns) filed by U.
Individual Income Tax Return, and all subsequent Forms 1040 that the taxpayer wanted the election to be effective for until the IRS issued Form 8891, U.
In a typical audit the IRS examiners are expected to ask corporate tax departments to assist them in obtaining executives' forms 1040, so they can be reviewed for consistency with the corporate return.
The Act requires preparers who expect to file more than 10 individual tax returns (including Forms 1040, 1040A, 1040EZ, and 1041) to file them electronically beginning in CY 2011.
When faced with the task of preparing such a Form 4797, the preparer must review prior-year Forms 1040 to see if all Sec.
Individuals who formerly filed form 8888 to have their refunds sent directly to their bank accounts now need only record their account information on forms 1040, 1040A or 1040EZ.
Published by the IRS, Publication 970, along with the instruction booklets for forms 1040 and 1040A, include instructions on how the various tax benefits should be applied to an individual tax return.
In February 2008, the stimulus program was signed into law, and, as a result, the national level of Forms 1040, 1040A, and 1040EZ returns increased by an estimated 14.
Form 8888 will be included in the tax packages for forms 1040 and 1040A and will also be available by calling the toll-free IRS forms number (800) 829-3676.
For each of the selected cases, the IRS is also examining Forms 1040, for executives, to determine whether that form is consistent with information reported on Form 1120.
Clients whose forms 1040 show substantial income often have sizable taxable estates to back it up.
Information about this service is included in Forms 1040, 1040ES and 4868 (application for automatic extension of time to file individual U.