IRS 1040 2014 free printable template

Federal income tax withheld from Forms W-2 and 1099. 2014 estimated tax payments and amount applied from 2013 return Earned income credit EIC. For Disclosure Privacy Act and Paperwork Reduction Act Notice see separate instructions. Cat. No. 11320B Page 2 Form 1040 2014 Amount from line 37 adjusted gross income Tax and Credits 39a Check if Standard Deduction for People who check any box on line 39a or 39b or who can be claimed as a see All others separately jointly or Qualifying widow er 12 400...Head of household Other Taxes 60a Unreported social security and Medicare tax from Form a First-time homebuyer credit repayment. Form Department of the Treasury Internal Revenue Service U.S. Individual Income Tax Return OMB No. 1545-0074 2014 ending IRS Use Only Do not write or staple in this space. See separate instructions. For the year Jan. 1 Dec. 31 2014 or other tax year beginning Your first name and initial Last name Your social security number If a joint return spouse s first name and...initial Spouse s social security number Apt. no. Home address number and street. If you have a P. O. box see instructions. City town or post office state and ZIP code. no. Home address number and street. If you have a P. O. box see instructions. City town or post office state and ZIP code. If you have a foreign address also complete spaces below see instructions. Foreign country name Filing Status Check only one box. Exemptions Presidential Election Campaign Check here if you or your spouse if...filing jointly want 3 to go to this fund. Checking Foreign postal code a box below will not change your tax or refund. You Spouse Foreign province/state/county Single Married filing jointly even if only one had income c Head of household with qualifying person. See instructions. If the qualifying person is a child but not your dependent enter this child s name here. and full name here. 6a b Qualifying widow er with dependent child Yourself* If someone can claim you as a dependent do not check...box 6a. Dependents 1 First name social security number 4 if child under age 17 qualifying for child tax credit see instructions relationship to you not entered above d Total number of exemptions claimed 8a 9a Qualified dividends. 9b Taxable refunds credits or offsets of state and local income taxes Alimony received. Business income or loss. Attach Schedule C or C-EZ. Capital gain or loss. Attach Schedule D if required* If not required check here Other gains or losses. Attach Form 4797. 15a 16a...IRA distributions. b Taxable amount. Pensions and annuities 16a Rental real estate royalties partnerships S corporations trusts etc* Attach Schedule E 15b 16b Farm income or loss. Attach Schedule F. Unemployment compensation. 20b Other income. List type and amount Combine the amounts in the far right column for lines 7 through 21. This is your total income Educator expenses Certain business expenses of reservists performing artists and fee-basis government officials. Attach Form 2106 or 2106-EZ...Health savings account deduction* Attach Form 8889 Moving expenses. Attach Form 3903.

Instructions and Help about IRS 1040

How to edit IRS 1040

How to fill out IRS 1040

Instructions and Help about IRS 1040

How to edit IRS 1040

To edit IRS 1040, use a PDF editing tool like pdfFiller. This software provides an easy interface where you can fill in necessary details, correct errors, or add missing information to your tax form. Ensure that you save your changes and verify the accuracy of the information before final submission.

How to fill out IRS 1040

To fill out IRS 1040, complete the following steps:

1. Gather all necessary documentation, including W-2 statements, 1099 forms, and information about other income sources.
2. Start with personal information at the top of the form, including your name, address, and Social Security number.
3. Report your income in the relevant sections, ensuring that you include all taxable sources.
4. Claim deductions and credits to reduce your tax liability as appropriate for your financial situation.
5. Review the completed form for accuracy, sign it, and submit it to the IRS by the appropriate deadline.

About IRS previous version

What is IRS 1040?

What is the purpose of this form?

Who needs the form?

When am I exempt from filling out this form?

Components of the form

What are the penalties for not issuing the form?

What information do you need when you file the form?

Is the form accompanied by other forms?

Where do I send the form?

About IRS previous version

What is IRS 1040?

IRS 1040 is the standard tax form used by individual taxpayers in the United States to report their annual income. This form allows taxpayers to calculate their tax liability and determine if they owe additional taxes or are entitled to a refund.

What is the purpose of this form?

The purpose of IRS 1040 is to provide the IRS with a comprehensive overview of an individual's income, deductions, credits, and tax liability for a given tax year. It ensures compliance with U.S. tax laws and facilitates accurate tax assessments.

Who needs the form?

Any individual or household who earns taxable income during the year must use IRS 1040 to report their earnings to the IRS. This includes employees, self-employed individuals, and those with retirement income or investment earnings.

When am I exempt from filling out this form?

You may be exempt from filing IRS 1040 if your income for the year falls below the IRS's minimum filing thresholds. Additionally, certain non-resident aliens or individuals who meet specific criteria may not need to file. It is crucial to check the IRS guidelines for your particular situation.

Components of the form

The IRS 1040 form consists of several key components, including:

1. Personal identification information
2. Income section
3. Deductions and credits
4. Tax and refundable credits
5. Signature and date section

What are the penalties for not issuing the form?

Failing to file IRS 1040 by the deadline may result in penalties, which can include fines and interest on any taxes owed. The IRS typically charges a failure-to-file penalty, which can add up the longer your form is overdue. It is essential to file even if you cannot pay the full amount owed.

What information do you need when you file the form?

When filing IRS 1040, gather the following information:

1. Social Security numbers for yourself and any dependents
2. Annual income statements, such as W-2s and 1099s
3. Records of deductions, including mortgage interest, student loan interest, and medical expenses
4. Bank account information for direct deposit of refunds

Is the form accompanied by other forms?

IRS 1040 can be accompanied by several other forms and schedules, depending on individual tax situations. Common additional forms include Schedule A (for itemized deductions), Schedule C (for self-employed income), and other relevant schedules for credits or additional income types.

Where do I send the form?

Where you send your completed IRS 1040 form depends on your filing method and state of residence. If filing by mail, refer to the IRS instructions included with the form to find the correct mailing address. Online submissions can be made via the IRS e-file system.

FAQ about IRS 1040

What should I do if I made a mistake on my IRS 1040 after filing?

If you've realized an error on your IRS 1040 after submission, you can correct it by filing Form 1040-X, the Amended U.S. Individual Income Tax Return. Make sure to provide clear explanations of the changes and include any supporting documents. Note that processing of amended returns can take several months, so keep an eye on the status and ensure it's correctly received.

How can I check the status of my IRS 1040 after submission?

You can check the status of your IRS 1040 by using the IRS 'Where's My Refund?' tool on their website. You'll need your Social Security number, filing status, and the exact refund amount to obtain the current status. It helps to verify receipt and processing of your submission efficiently.

What are some common errors made on the IRS 1040 and how can I avoid them?

Common errors on the IRS 1040 include incorrect Social Security numbers, mismatched names, and arithmetic mistakes. To avoid these, double-check your entries before submission, use tax preparation software with built-in checks, and ensure that all forms and attachments are accurate and correctly filled.

How long should I keep records related to my IRS 1040?

It's recommended to keep your records related to IRS 1040 for at least three years from the date you filed your return or the due date of the return, whichever is later. This helps in case the IRS has questions or conducts an audit regarding your tax filings.

Can I use e-signatures for my IRS 1040 and what are the security precautions?

Yes, e-signatures are accepted for IRS 1040 filings submitted electronically. Ensure you use secure platforms and verify that the e-signature service complies with IRS regulations to protect your sensitive information and maintain data security.