Get your Form 1040 (2015) in 3 easy steps
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What is IRS Form 1040?
Form 1040 is the form of tax returns. If you fall into the tax refund group, then you must fill it out, otherwise, the return will not be made.
What I need IRS Form 1040 for?
Taxpayers should submit Form 1040 if they:
- Earned more than $100 000 this year;
- Have the unreported earnings, dividends, tips, or insurance policies;
- Got the profit as a beneficiary of an estate or trust;
- Plan to classified tax deductions;
- Owe household employment taxes.
Filling out IRS Form 1040
US citizens can submit the form in several ways: through the tax service, online, or with the help of a private accountant. The form has 24 rows. Here you need to provide the government with all the information related to your income and expenses. On the top of the document, you can find the section where you need to give your personal information, such as name, home address, marriage status, and so on.
Then, mention all the dependents that you have. If you do not have them, feel free to skip this section. After that, be very attentive while filling the next section. Here you need to calculate all your taxes, capital gains, and social benefits. Also, mention here the amount you owe and the refund level.
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Fillable online Form 1040 (2015)