What is a 1040 form?

The Income Tax form 1040 is the long individual Income tax form that someone can file with the Internal Revenue Service (IRS). A person will have to file this form if they make over $100,00 in income, have itemized deductions, have dependents, are self-employed, or have obtained money from an estate or trust. The Income Tax Form 1040EZ is the simplest of the individual tax forms from the IRS.In order to file for this return one will need to make under $100,000, have no itemized deductions or have any dependents.

A couple who qualify can file this form as a joint return. There is another Income Tax Form from the IRS called the 1040A which is similar to the 1040EZ in its qualifications but will also allow individuals to have dependents and be able to claim some deductions.To itemize your deductions you can use Schedule A&B, but keep in mind that this schedule is filed with the 1040 form. irs.gov ehow.com/facts_5405386_differences-tax-f....

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