When it comes to income tax forms, the IRS certainly succeeds in offering a variety and long list of forms. If you're not sure which forms apply to your return, we have a few pointers to help you finish your taxes in no time!
The 1040EZ is among the shortest tax forms and is the form for taxpayers earning less than $100,000. It can be used by single and joint filers (for married couples), and by those under the age of 65 who are not legally blind and don't have dependents. Additionally, 1040EZ filers must have $1,500 or less in interest income.
A tax return form of moderate length, the 1040A features more filing status options (i.e. widow[er], head of household) than the 1040EZ and goes into more detail for exemptions. If your annual income is less than $100,000, you've received taxable income from capital gains distributions, and/or you claim deductions pertaining to student loan interest or IRA donations, then form 1040A is likely for you.
Though we'd all like to keep all things taxes as short and simple as possible, not everyone can qualify to use the above forms and may have to settle for Form 1040, which can be used by all taxpayers. Although the 1040 income tax form has earned something of an infamous reputation for being involved and difficult to understand, taxpayers earning over $100,000, self-employed and have itemized deductions are among those who need to file Form 1040.
Regardless of your 1040 income tax form, you can count on TaxACT to get you through the process in the blink of an eye. TaxACT tax software solutions include all of these forms at an affordable price!
March 3 (Farmers & fishermen)
File your 2013 income tax return (Form 1040) and pay any tax due - Details
March 10 (Employees who work for tips)
If you received $20 or more in tips during February, report them to your employer - Details
March 17 (Corporations)
File a 2013 calendar year income tax return (Form 1120) and pay any tax due - Details
March 17 (S Corporations)
File a 2013 calendar year income tax return (Form 1120S) and pay any tax due - Details
March 17 (S Corporations)
S Corporation Election: File Form 2553, Election by a Small Business Corporation, to elect to be treated as an S corporation beginning with calendar year 2014 - Details
March 17 (Partnerships)
Electing Large Partnerships: Provide each partner with a copy of Schedule K-1 (Form 1065-B), Partner's Share of Income (Loss) From an Electing Large Partnership, or a substitute Schedule K-1 - Details
March 31 (All businesses)
File Forms 1097, 1098, 1099, 3921, 3922, and W-2G with the IRS. This due date applies only if you file electronically - Details