IRS Form 1040

Form 1040

Form 1040: "U.S. Individual Tax Return" is an IRS form used to calculate and file annual federal income tax returns by individual taxpayers.

The form consists of various sections that help taxpayers calculate their Adjusted Gross Income (AGI), report taxable income, and claim deductions and tax credits.

These amounts and calculations determine either how much tax will be refunded to the individual or is due to be paid to the U.S. government.

Taxpayers can attach also numerous schedules to their 1040 to report additional needed information and modifications such as profits or losses from a business or self-employment taxes.

The standard Form 1040 comes in numerous variations depending on specific taxpayer needs.

Variation Name Purpose
Form 1040-ES Estimated Tax for Individuals Used to calculate and pay estimated taxes for the current year
Form 1040-V Payment Voucher  Sent with any check or money order for balances due on "Amount You Owe" on Form 1040
Form 1040-X Amended U.S. Individual Tax Return  Used to make amendments to Form 1040
Form 1040-SR U.S. Tax Return for Seniors Used as an alternative 1040 for individuals 65 and older
Form 1040-NR U.S. Nonresident Alien Income Tax Return Used by nonresident aliens or their representatives engaged in a trade, business, estate, or trust in the U.S.
Form 1040NR-EZ U.S. Income Tax Return for Certain Nonresident Aliens With No Dependents A simplified version of the nonresident alien form for certain individuals

The due date for individual tax filing is April 15, which means Form 1040s should be submitted to the IRS either electronically or via mail by this day.

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