Information about Form 1041 in detail

1040 Federal Income Tax Form:

Why should you file a 1040 Federal Income Tax Form? Here are some reasons:

  • Additional child tax credit
  • Earned income credit
  • First time home purchase credit
  • Health coverage tax credit
  • Recovery rebate credit

There are some exceptions for the children under the age of 19 and also for full time students. Under these types of situations, the parent or parents can include the dependent child’s income onto their tax return. You will want tax Form 8814 if you choose this option.

Resident Alien, Non-Resident Alien or Dual-Status Alien

Things can be different if you are a resident alien, non-resident alien or dual-status alien. In most of the cases non-resident aliens and dual-status aliens are required to use different forms. You may need to use the 1040NR or the 1040NR EZ tax form in such cases. For more detailed information on that you may take a look at Publication 519. This tax publication will help you to understand the necessities you to comply with the United States tax laws.

1040 Federal Income Tax Form Due Date is April 15th

If you haven’t filed your tax till April 15th, you can file for an extension using tax Form 4868. You must file this tax form by the original due date. Do not get filing your tax form and paying any taxes owed baffled in your mind. They are two very separate issues. If you owe, you must pay on time. The extension will give you six months to send in the paperwork but, if you owe, you must pay on time or else you will deserve penalties and interest on what money you owe.

Do You Need help To File The 1040 Federal Income Tax Form?

Our advice is to ask you to take a break and let the tax experts handle the tax area. They are fast, easy, secure, some of them guarantee the largest refund possible and they will do all of the hard work for you; while you can sit back and wait. They are always up-to-date with the latest tax laws. You can even try some of them for free. You do not pay unless you choose to file. Get started now!

June 29 2011 01:45 pm | Help Filling Tax Forms and How to file Taxes

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