Irs Tax Form 1040
Before you know it, tax season just sneaks up on us real quick. To make sure you are prepared, we have provided information about all the different 1040 forms and schedules so you can quickly fill out your taxes this year. There are many 1040 forms that - of course there is the 1040 Standard form, most taxpayers can use this one, but if you're taxes are very straightforward you may qualify for the 1040-EZ form, as long as you are single and have no dependents.
There are also a lot of different 1040 Schedules. The 1040 Schedule A is for itemized deductions and ordinary dividends - make sure you get your interest statement from your bank and your statement from your broker so you fill this form out. The IRS tax form 1040 Schedule C is for the profit and loss from a Sole Propietorship. From 1040 Schedule D is for capital gains and losses - hopefully you have more gains than losses!
It's not that hard to learn how to file your own taxes. All of the forms are readily available on the IRS website and we have provided links so you can download them all for free. There's no better way to save money than to do it on your own and if you need help consider getting Turbo tax, but be warned it's harder to learn with an automated software tool as you just put in the numbers and it calculates your tax for you.
Taking ownership of your taxes is an important step in this day and age. Most people feel overwhelmed and just say, "forget it" when that is the last thing you want to do, especially when the IRS is involved. Keep a level head, set aside some time and you can complete your taxes in no time!
There are also a lot of different 1040 Schedules. The 1040 Schedule A is for itemized deductions and ordinary dividends - make sure you get your interest statement from your bank and your statement from your broker so you fill this form out. The IRS tax form 1040 Schedule C is for the profit and loss from a Sole Propietorship. From 1040 Schedule D is for capital gains and losses - hopefully you have more gains than losses!
It's not that hard to learn how to file your own taxes. All of the forms are readily available on the IRS website and we have provided links so you can download them all for free. There's no better way to save money than to do it on your own and if you need help consider getting Turbo tax, but be warned it's harder to learn with an automated software tool as you just put in the numbers and it calculates your tax for you.
Taking ownership of your taxes is an important step in this day and age. Most people feel overwhelmed and just say, "forget it" when that is the last thing you want to do, especially when the IRS is involved. Keep a level head, set aside some time and you can complete your taxes in no time!
Source...