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The Preparer Tax Identification Number was created in 1999 to protect the privacy of tax return preparers. Preparers were required to sign the tax forms they prepared and provide their Social Security Numbers. Starting with the 2000 tax season, the IRS gave preparers the option of using either their SSNs or PTINs. [1]
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.
Tax return laws generally prohibit disclosure of any information gathered on a state tax return. [10] Likewise, the federal government may not (with certain exceptions) disclose tax return information without the filer's permission, [ 11 ] and each federal agency is also limited in how it can share such information with other federal agencies.
Once the form is completed, return it to your local Social Security office by mail or in person. If you want to make any changes in the future, you’ll need to fill out a new Form W-4V.
Form 1040, officially, the U.S. Individual Income Tax Return, is an IRS tax form used for personal federal income tax returns filed by United States residents. The form calculates the total taxable income of the taxpayer and determines how much is to be paid to or refunded by the government.
If income tax has been withheld under backup withholding, individuals should claim credit for it on their tax return for the year in which the income was received. For more comprehensive information on backup withholding, refer to Publication 1281, "Backup Withholding for Missing and Incorrect Name/ TIN (s)", which outlines procedures for ...
IRS Publication 547 can guide you through the requirements. For more information, consult the Disaster Assistance and Emergency Relief for Individuals and Businesses page on the IRS site.
The Return Preparer Review Final Report (IRS Publication 4832) outlined the increasing importance of the tax preparation industry as tax law becomes more complex and taxpayers seek help in preparing accurate tax returns. As of 2008, eighty percent of taxpayers were seeking third party assistance, either from tax preparers or tax software, to ...