The 1040: box-by-box
Do you plan to itemize deductions, have numerous income adjustments, owe or paid taxes in addition to your income taxes or can claim several tax credits? Then welcome to Form 1040, the granddaddy of all federal income tax returns.
If this is the first time you've filed a 1040 instead of the shorter 1040A or 1040EZ forms, you'll immediately see the differences. Don't be intimidated. Yes, it's longer, but you'll also find many similarities to the simpler forms, especially the 1040A.
And there is some good news. The 1040 gives you more opportunities than the other forms to cut your tax bill.
So sharpen your pencils and let's go. Here's a box-by-box description of Form 1040.
Label
If you received a tax package from the IRS with a peel-off label, just stick it on here. If any of the information is incorrect, make the corrections -- clearly -- directly on the label.
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MORE FORM 1040 LINE BY LINE :
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