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What is Form 1040 used for?

Form 1040 (officially, the "U.S. Individual Income Tax Return") is one of three IRS tax forms (see variants section for explanations of each) used for personal (individual) federal income tax returns filed with the Internal Revenue Service (IRS) by United States residents for tax purposes.

What is 1040 federal tax form?

A form 1040 is a basic US Federal income tax form. One of the most common US tax documents, a form 1040 is filled out by many Americans each year. The form consists of two major sections: one where income and family information is reported, and one where allowable deductions, credits, and other considerations are applied...

What is 1040 estimated tax?

A 1040-ES estimated tax form is used to calculate and submit payment for estimated taxes, reports the Internal Revenue Service. Estimated taxes are owed on any income for which taxes are not withheld, such as income from self-employment, rents, royalties and alimony.

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