AMERICAN TAX SERVICE EFFECTIVE WAYS IRS FORM 1040A
OF STUDYING BEFORE EXAMS
Americantaxservice.org/the-irs-form-1040a-explained The IRS Form 1040A Explained
IRS FORM 1040A Form 1040A is one of the forms that can be used when filing federal taxes in the US. This form is shorter than the original 1040 form however; it is more complex than the 1040EZ form.
FILING STATUS & EXEMPTIONS When preparing this form you have to list your exemptions and select a filing status before you start reporting your income. This is because each filing status has different tax brackets for calculating your income. REPORTING TAX, CREDITS & PAYMENTS The second page of the form is where you will subtract your standard deduction and exemptions from your AGI. Once this is done you will have your taxable income.
INCOME TYPES THAT GO ON FORM 1040A Form 1040A limits the types of income you can report. For example, it does include wages, salaries & tips, interest & dividends, capital gains, IRA unemployment, and pension & annuity distributions.
HOW FORM 1040A AND FORM 1040 DIFFER The filing status and exemption sections are similar on both forms. However, Form 1040A limits the income and adjustments that you can make, which causes the form to be shorter.
HTTP://WWW.SBWIRE.COM/PRESS-RELEASES/AMERICAN-TAXSERVICE-WEBSITE-EXPLAINS-IRS-FORM-1040A-658686.HTM