Irs Form 1040
The 1040 income tax form is know as the long form, you should use the 1040 form if your taxable income is over $100,000.00, you itemize deductions or claim certain tax credits or adjustments to income or you owe household employment taxes. Use the 1040 tax form if you have certain types of income such as unreported tips, certain nontaxable distributions, self–employment earnings, or income received as a partner, a shareholder in an “S” Corp., or a beneficiary of an estate or trust. All taxpayers can use the 1040 incometax form, the 1040 form can handle any tax situation no matter the complexity. There are several hundred tax forms to chose from but filing the 1040 income tax is by far the best known to get the job done. The 1040 tax form also goes by the name of U.S. individual tax form.The 1040 form is somewhat unique in that the IRS allows different taxpayers to complete different versions. One of the three 1040s is known as the “long form” because it’s the most involved of the three forms. The good news is that the IRS tries to make the process simple by allowing you to complete the shortest form possible. Print a 1040 tax form.