Where to Find IRS Form 1040 and Instructions
Table of Contents
- 1 What is the New IRS 1040 Form?
- 2 Where to Get the New IRS 1040 Tax Forms & Instructions
- 3 The Previous 1040 Forms and Instructions:
- 4 IRS Form 1040 is Known as the Long Form
- 5 When Getting Ready to Fill out Your Tax Forms
- 6 1040 Tax Form Video by TurboTax
- 7 Get Your Refund Faster by Filing Online
- 8 How to File the New 1040 Tax Form
- 9 How to File Taxes Online in 3 Simple Steps - TurboTax Tax Tip Video
What is the New IRS 1040 Form?
The IRS has been working on a newly designed version of the Tax Form 1040. The new form will consolidate the former three forms into a simpler, shorter version of the original.
The new changes do away with the original 1040ez and 1040a form and adds new supporting schedules.
If you plan to claim the standard deduction, the new 1040 is all you will need to file. However, if you plan to itemize, you will need to file additional schedules with your 1040.
When you file with the new 1040 form, you won’t have to worry about new forms, schedules, or instructions because they will be supplied automatically and filled out for you.
Where to Get the New IRS 1040 Tax Forms & Instructions
Here are two good methods to get tax form 1040 & instructions.
1. Printable tax forms can be downloaded from our IRS tax forms page.
2. Tax forms are supplied automatically when you file your taxes online
Also, almost all post offices and neighborhood libraries have tax forms and instructions available throughout tax season, and forms are also available from a tax center or an IRS office.
Additionally, you could ask for a tax form to be delivered to you from the IRS by U.S. Mail.
The Previous 1040 Forms and Instructions:
Are you aware that there are a few different kinds of IRS form 1040 and instructions? It’s best to know which income tax form suits your specific circumstance and lets you declare the earnings, deductions, credits, etc. that relate to you.
- IRS Tax Form 1040 (Individual Income Tax Return in the U.S.)
- The Long Form or Form 1040 (Individual Income Tax Return in the U.S.)
- The Short Form or Form 1040A (Individual Income Tax Return in the U.S.)
- Form 1040EZ (Income Tax Return for Unmarried and Combined Filers Who Have No Dependents)
- Form 1040NR (U.S. Nonresident Alien Income Tax Return)
- Form 1040NR-EZ (U.S. Income Tax Return for Certain Nonresident Aliens Who Have No Dependents)
Form 1040 is the usual federal income tax form widely used to record an individual’s gross earnings (e.g., income, products, real estate, and services). It is usually referred to as “the long-form” since it is more in-depth compared to the shorter 1040A and 1040EZ income tax form.
Also, in contrast to the various other tax forms, IRS form 1040 permits taxpayers to claim several expenditures and tax incentives, list deductions, and modify income. Although the 1040 usually takes more time to fill out, it rewards taxpayers by offering them extra possibilities to reduce their income tax bills.
The 1040 Form is usually due by April 15th, except if you request an automatic tax extension. Should you not submit by this date, you are usually subject to fines and/or overdue charges. It is possible to ask for a tax extension by sending in IRS Tax Form 4868 by the initial submitting due date (April 15).
When Getting Ready to Fill out Your Tax Forms
Even before you start doing your 1040 tax forms, you need to have the following material ready:
- Valid identification
- Submitting status and Residency status
- Social Security Numbers for yourself (and also your partner and any dependents)
- Birth dates for yourself (along with your partner, plus any dependents)
- A duplicate of your previous income tax return
- Documents of salary received (e.g., W-2, W-2G, 1099-R, etc.)
- Statements of interest/dividends from finance institutions, brokerages, etc.
- Evidence of any tax credits, tax deductions, or tax exemption
- Your checking account number and routing number (for Direct Deposit)
Keep in mind that IRS Tax Form 1040, with the payment amount, is owed by April 15th. A 6-month tax continuance may be allowed (with IRS Tax Form 4868) for overdue submitting. However, payments still have to be made by April 15th. You can file Form 1040 by paper mail, via IRS e-file, or by way of a certified tax preparer.
1040 Tax Form Video by TurboTax
Get Your Refund Faster by Filing Online
Filing income taxes online is usually safer, quicker, and more straight forward. Also, you can get your tax refund a lot faster should you opt for the Direct Deposit method. While there are a few income tax forms to pick from when preparing your federal income taxes, a reliable option is to use IRS Form 1040 when you are not sure if you will be eligible for the 1040A or 1040EZ.
- The standard guideline is: If uncertain, submit Tax Form 1040.
- You have to submit Form 1040 once any of the following apply:
- You have taxable earnings of $100,000 or higher
- You have self-employment earnings of $400 and up
- You had income tax being taken from paychecks
- You made anticipated income tax payments, or have overpayment that applies to the current tax year
- You have listed deductions (e.g., mortgage, interest fees, or charitable donation)
- You generate revenue from a company, S-corporation, partnership, trust, rental, or farm
- You have sold real estate, stocks, bonds, or mutual funds
- You are claiming revenue alterations (for tuition, educator fees, relocating costs, or health savings accounts)
- You got an advance payment for Earned Income Tax Credit (EITC) from a company
- You have a W-2 that indicates uncollected tax (from tips or group term life insurance coverage), or a W-2 that demonstrates a code Z (earnings from a 409A non-qualified deferred payment program)
- You owe excise tax on insider stock payment (from an expatriated enterprise)
- You are a person in debt in a Chapter 11 personal bankruptcy case (submitted after October 16, 2005)
- You make foreign income, paid foreign income taxes, or are claiming tax treaty benefits
- You are obligated to repay any further special taxes (e.g., recapture taxes, household employment tax, alternative minimum tax, etc.)
How to File the New 1040 Tax Form
When you file the new 1040 form online, it will be like an interview. They will ask easy to answer questions while filling in the correct tax forms for you behind the scenes.
The answers you provide will enable them to see which deductions and credits you qualify for. If you are unsure how to answer a question, there are tax experts readily available to help you. Online tax filing ensures that you get the largest refund possible.
How to File Taxes Online in 3 Simple Steps - TurboTax Tax Tip VideoRemember, with TurboTax Online Tax Filing we’ll ask you simple questions and fill out the right forms for you. We’ll find every tax deduction and credit you qualify for to get you the biggest tax refund, guaranteed!
Frank Ellis is a Traverse City Tax Preparation Planner and published author. He has written tax and finance related articles for twelve years and has published over 1000 articles on leading financial websites.