For individuals, what is the Form 1040?

The Federal Income Tax form 1040 is the standard individual tax return that a person must file with the Internal Revenue Service (IRS) on an annual basis. There are different types of the 1040 form in which to choose from. 1040: Which is the long form that can have many itemized deductions claimed on it.

This form can be accompanied by different 1040 schedules such as Schedule A that is the itemized deductions form. 1040A: Which is the short form that an individual or couple can file. 1040EZ: The simplest of the 1040 forms, and the one used by those who don’t have any itemized deductions.1040X: The amended 1040 form that is used after an individual has filed their return, but catch a mistake that they need to clear up on the form.

The 1040 form is usually suppose to be postmarked by April 15th to be on time with the IRS. However, this year individuals will have up to April 18th to have their return postmarked for the IRS because of a holiday observance on April the 15th. irs.gov.

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