1040 Tax Form
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Starting in 1916, tax form 1040 was instituted as an annual requirement for Americans filing an individual income tax return. Many of us use tax form 1040. It’s typically referred to as the “long form” to distinguish it from other variants. If you have an uncomplicated tax situation – no itemized deductions, no capital gain […]
It’s typically referred to as the “long form” to distinguish it from other variants.
If you have an uncomplicated tax situation – no itemized deductions, no capital gain or loss, no business expenses etc. – then you may be able to use the simplified form 1040a (the short form), or maybe even the 1040ez.
Form 1040 is made up of two pages, but this does not include the dozen possible attachments. Here’s a brief explanation of the possible attachments you may need:
Keep in mind that to file a 1040 you can only have income from the following sources:
There’s more to this common yet complicated form, but thanks to tax services like TurboTax Online you don’t need to retain any of this information. They’ll automatically guide you through the tax filing process while asking the necessary questions that will determine the best route for you to take.
TurboTax Online will tell you exactly what you can, cannot, and should do with your financial situation. No one else boasts their maximum refund guarantee.
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