You can use Form 1040EZ if your total income is under $100,000, your interest income is under $1,500, you and your spouse are under 65 years old, you have income only from wages, interest, unemployment compensation, and Alaska Permanent Fund dividends, you are claiming only the standard deduction, your filing status is single or married filing jointly, you may claim the Earned Income Credit, you are not claiming any other tax credits, you do not have any adjustments to income, you are not claiming any other tax credits, you are claiming only the standard deduction.

1040 Income Tax Return Forms Can Be Filled And Filed Online, Too

There are four forms in the 1040 income tax return series of forms. However, the 1040 is the starting form and is meant for individual income tax return filing purposes. The 1040 is a standard form updated each year with the year printed on the form. This form is used by full time US residents to file their income tax returns.

The 1040 income tax return form is often referred to as the 'long form' by tax professionals and tax payers. Those individuals who have no complications when it comes to calculating their tax returns, such as those with itemized deductions, can use the other version of the form; the 1040A also called the 'short form'.

The 1040 income tax return form is a two-page form and this does not account for the attachments. The first page requires the tax payer to fill in information about dependents, income items, personal information, and income adjustments. The second page of the 1040 requires information that is used to calculate credits and allowable deductions, the tax amount the payer is due to pay after applying funds already withheld by employers, lotteries, and other places against income tax dues or payments already made towards tax liabilities.

The 1040 income tax return form has eleven attachments, which are fairly easy to understand and fill in without any professional help. However, for those who would rather have professionals help them with the 1040 income tax return form, there is easy access to online professionals twenty four hours a day, just a mouse-click away – so, filing returns doesn’t get easier than this!

Many tax professionals have online tax software that is fully automated. For a small fee one can have access to these online income tax forms where they are virtually walked through the entire process. One can take as much time finding and sifting through paperwork, such as bills and receipts, and fill in the online tax forms. Then, at the click of a mouse button, the tax returns are filed and confirmations sent to the user.

Though the 1040 is a simple form to fill in, the online services have made it a lot easier and convenient!