Form 1040 Definition | Individual Income Tax Return

Payroll Definitions

Browse terms alphabetically

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Form 1040 Definiton

Term Definition
Form 1040 is  standard IRS form that individuals use to file their annual income tax return.  On Form 1040, individuals detail their income for the year for the IRS. This will determine whether an individual’s tax requirements have been fulfilled based income and taxes taken out  throughout the year, or if a refund is due to the individual.  Form 1040 must be submitted to the IRS by April 15th of each year unless an extension has been filed.  Form 1040 may also be called the “long form” or “individual income tax return.”

Related Blog Article:
How to File an Extension for Business Taxes

Get Started
Try it free

Sign up today for a free, no-obligation 30-day trial.

Try It Free for 30 Days
Get Started
Take a demo

Kick the tires with a free self-guided demo.

Take a Self-Guided Demo