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SYSTEM TAX RS 2012 1040 FORMS AND SCHEDULES LAST UPDATED: JANUARY 18, 2013 CS.THOMSONREUTERS.COM/GOSYSTEM PROPRIETARY MATERIALS No use of these Proprietary materials is permitted without the express

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1040 forms and schedules are tax forms used by individuals to file their annual income tax return with the IRS.

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All U.S. citizens, residents, and certain non-residents who have income that is subject to U.S. income tax are required to file 1040 forms and schedules.

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1040 forms and schedules can be filled out manually or electronically using tax preparation software. Taxpayers must report their income, deductions, credits, and other relevant information on the forms.

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The purpose of 1040 forms and schedules is to calculate a taxpayer's total income, deductions, credits, and ultimately determine if they owe taxes or are eligible for a refund.

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Taxpayers must report their income, deductions, credits, and other financial information such as dependents, expenses, and investments.

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