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Frequently Asked Questions

Who must file Form 1040?

Form 1040 needs to be filed with the IRS by April 15 in most years. Everyone who earns income over a certain threshold must file an income tax return with the IRS (businesses have different forms to report their profits).

What is a 1040 Form used for?

A form 1040 requires a sworn signature. Form 1040 is used to file an individual federal tax return. Many online income tax services allow people to prepare and file a simple 1040 form for free.

Who files 1040 tax forms?

Form 1040 (or a variant thereof) is the main tax form filed by individuals who are deemed residents of the United States for tax purposes. The corresponding main form filed by businesses is Form 1120, also called the U.S. Corporation Income Tax Return.

What to include with 1040?

Important documents to have on hand when filling out a form 1040 include wage statements, mortgage or loan statements, documentation of dividends or self-employment income for the year, Social Security numbers, and past tax returns. It may also be helpful to have a calculator near by, as some math is usually required.

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