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As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ – see below for explanations of each) used for such returns.
For 2024, individuals with at least $5,000 in gross receipts will receive this IRS form. However, some platforms may issue the form for transactions exceeding $600, which will be the official ...
Form W-9 is most commonly used in a business–contractor arrangement. [4] Businesses can use Form W-9 to request information from contractors they hire. When a business pays a contractor over $600 during a tax year, the business is required to file Form 1099-MISC, a variant of Form 1099. To fill out Form 1099-MISC, the business may need to ...
As part of its effort to provide U.S. residents with a free tax-filing service, the IRS has partnered with 13 states as part of its Direct File pilot program for 2024.
The IRS will roll out Direct File in 2024, a pilot program offering free tax preparation services to eligible taxpayers. Is the program necessary? ... HYANNIS — When W-2 forms start hitting ...
Form 1040-X (officially, the "Amended U.S. Individual Tax Return") is used to make corrections on Form 1040, Form 1040A, and Form 1040EZ tax returns that have been previously filed (note: forms 1040-A and 1040-EZ were discontinued starting with tax year 2018, but a 1040X may still be filed amending one of these tax forms filed for previous years).
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