Form 1040X — A form used by taxpayers who have to amend their tax returns for any reason. Form 1040X is an itemized, line by line description of all necessary adjustments, so that the taxpayer can clearly record the exact type and amount of each amendment,… … Investment dictionary
1040EZ Form — The 1040EZ is an alternative to the Internal Revenue Service’s (IRS) 1040 income tax form and offers a faster and easier way to file taxes, meant for taxpayers with rudimentary tax situations. In order to be eligible to use this form, the… … Investment dictionary
1040 Form — The standard Internal Revenue Service (IRS) form that individuals use to file their annual income tax returns. The form contains sections that require taxpayers to disclose their financial income status for the year in order to ascertain whether… … Investment dictionary
1040A Form — A simplified version of the 1040 form for individual income tax. To be eligible to use a 1040A form, an individual must fulfill certain requirements such as not itemizing deductions, not owning a business and having a taxable income of less than… … Investment dictionary
Tax forms in the United States — are used by taxpayers and tax exempt organizations to report financial information to the Internal Revenue Service (IRS). They are used to report income and calculate taxes owed to the government of the United States. TOC Federal tax forms 990… … Wikipedia
Tax return (United States) — Tax returns in the United States are reports filed with the Internal Revenue Service (IRS) or with the state or local tax collection agency (California Franchise Tax Board, for example) containing information used to calculate income tax or other … Wikipedia
Economic Stimulus Act of 2008 — The Economic Stimulus Act of 2008 (USStatute|110|185|122|613|2008|02|13) is an Act of Congress providing for several kinds of economic stimulus intended to boost the United States economy in 2008 and to avert or ameliorate a recession. The… … Wikipedia
Total Tax — The composite total of all taxes that is owed by a taxpayer for the year. This number is essentially the penultimate point in the tax formula. It accounts for all credits and deductions due the taxpayer but not any tax payments made during the… … Investment dictionary
Telefile — A tax service provided nationally by the IRS from 1997 2005 that allowed taxpayers filing form 1040EZ to phone in their tax returns with a touch tone phone. Telefile was provided as a service of convenience for taxpayers with simple tax returns.… … Investment dictionary
Itemized deduction — Individual taxpayers in the United States are allowed a choice when preparing their Federal income tax returns. After computing their Adjusted gross income (AGI), taxpayers can itemize their deductions (from a list of allowable items) and… … Wikipedia
FairTax — Part of a series on Taxation Taxation in the United States … Wikipedia