IRS 1040 2006 free printable template

Cat. No. 11320B Form 1040 2006 Page Tax and Credits Amount from line 37 adjusted gross income 39a Check if Itemized deductions from Schedule A or your standard deduction see left margin If line 38 is over 112 875 or you provided housing to a person displaced by Hurricane Katrina see page 36. Form Department of the Treasury Internal Revenue Service U.S. Individual Income Tax Return For the year Jan. 1 Dec. 31 2006 or other tax year beginning IRS Use Only Do not write or staple in this space....Attach Schedule SE Additional tax on IRAs other qualified retirement plans etc. Attach Form 5329 if required Advance earned income credit payments from Form s W-2 box 9 Household employment taxes. Attach Schedule H Federal income tax withheld from Forms W-2 and 1099 2006 estimated tax payments and amount applied from 2005 return Earned income credit EIC Nontaxable combat pay election 66b Excess social security and tier 1 RRTA tax withheld see page 60 66a Additional child tax credit. Attach...Schedule H Federal income tax withheld from Forms W-2 and 1099 2006 estimated tax payments and amount applied from 2005 return Earned income credit EIC Nontaxable combat pay election 66b Excess social security and tier 1 RRTA tax withheld see page 60 66a Additional child tax credit. Attach Form 8812 Amount paid with request for extension to file see page 60 Form 2439 b Payments from a Form 4136 c Credit for federal telephone excise tax paid. Attach Form 8913 if required Add lines 64 65 66a and...67 through 71. Your first name and initial Label See instructions on page 16. Use the IRS label* Otherwise please print or type. 2006 ending L A B E H R Last name OMB No* 1545-0074 Your social security number If a joint return spouse s first name and initial Spouse s social security number Home address number and street. If you have a P. O. box see page 16. Apt. no. City town or post office state and ZIP code. If you have a foreign address see page 16. You must enter your SSN s above. Checking a...box below will not change your tax or refund. Presidential Election Campaign Check here if you or your spouse if filing jointly want 3 to go to this fund see page 16 Spouse You Filing Status Check only one box. Exemptions Single Married filing jointly even if only one had income and full name here. Head of household with qualifying person. See page 17. If the qualifying person is a child but not your dependent enter this child s name here. Qualifying widow er with dependent child see page 17 6a...Yourself* If someone can claim you as a dependent do not check box 6a b 4 if qualifying 3 Dependent s 1 First name relationship to you social security number child for child tax credit see page 19 If more than four dependents see page 19. Add numbers on lines above d Total number of exemptions claimed Income Attach Form s W-2 here. Also W-2G and 1099-R if tax was withheld. Boxes checked on 6a and 6b No* of children on 6c who lived with you did not live with you due to divorce or separation see...page 20 Dependents on 6c not entered above Wages salaries tips etc* Attach Form s W-2 8a Taxable interest.

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, download the form in PDF format and use pdfFiller to make the required changes. The online editor allows you to add text, correct any errors, or update amounts easily. Ensure all edits comply with IRS guidelines before finalizing your submission.

How to fill out IRS 1040

To fill out IRS 1040, gather all necessary financial documents such as W-2s and 1099s. Follow these steps:

1. Enter your personal information in the designated sections.
2. Report your income from various sources accurately.
3. Calculate your deductions and credits, using Schedule A or C if applicable.
4. Determine your tax liability and any refund or amount due.
5. Sign and date the form before submission.

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

Due date

What payments and purchases are reported?

How many copies of the form should I complete?

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 individual income tax form used by U.S. citizens and residents to report their annual income to the Internal Revenue Service. This form allows individuals to calculate their taxable income, tax owed, and refund due based on their reporting of income and deductions.

What is the purpose of this form?

The purpose of IRS 1040 is to facilitate the reporting of income, deductions, and tax credits to determine the final tax liability for the year. It is essential for ensuring compliance with federal tax laws and determining the individual's tax situation.

Who needs the form?

Individuals who earn income in the U.S. need to file IRS 1040. This includes employees, self-employed individuals, and anyone with other forms of income, such as rental properties or investments. Certain income thresholds also define who is required to file, regardless of age or dependents.

When am I exempt from filling out this form?

You may be exempt from filing IRS 1040 if your income falls below the minimum threshold set by the IRS for the tax year in question. Additionally, specific situations, like certain non-resident aliens, may not require filing. Always verify your requirements on the IRS website or consult a tax professional.

Components of the form

The IRS 1040 consists of several sections, including personal information, income reporting, deductions, tax credits, and tax calculations. Each section is designed to capture necessary details that help determine the taxpayer's liability or refund. Key components are the filing status, adjusted gross income (AGI), and tax calculation tables.

Due date

The due date for filing IRS 1040 typically falls on April 15 of each year. If this date falls on a weekend or legal holiday, it is extended to the next business day. Taxpayers can request an extension to file, but any taxes owed must still be paid by the original due date to avoid penalties.

What payments and purchases are reported?

IRS 1040 requires reporting of all income received throughout the tax year, including wages, interest, dividends, and capital gains. Taxpayers must also report certain tax credits and whether they received other specific payments, such as economic impact payments or advance payment of credits. Certain expenditures may be itemized as deductions, depending on eligibility.

How many copies of the form should I complete?

You should complete one copy of IRS 1040 for submission to the IRS. However, it is recommended to keep a copy for your personal records. If you are required to file with a state or local tax authority, you may need to complete additional forms based on your jurisdiction.

What are the penalties for not issuing the form?

Failing to file IRS 1040 by the due date could result in significant penalties, including monetary fines and interest on any unpaid taxes. The penalty for late filing is usually a percentage of the taxes owed for each month the form is late. Consistent non-compliance can lead to further legal actions by the IRS.

What information do you need when you file the form?

To file IRS 1040, you need personal identification details, including your Social Security number, a record of all income earned during the year, and documentation for any deductions or credits claimed. Keeping organized records such as W-2s, 1099s, and receipts for deductible expenses is essential.

Is the form accompanied by other forms?

IRS 1040 often requires accompanying forms based on individual circumstances. Commonly used forms include Schedule A for itemized deductions, Schedule C for self-employment income, and Form 8862 for claiming a refund of certain tax credits. Ensure you include all necessary forms with your submission.

Where do I send the form?

The destination for submitting IRS 1040 depends on your state of residence and whether you are filing electronically or by mail. Typically, electronic submissions are made through e-file services, while paper forms must be sent to the address specified in the form instructions. Verify the proper mailing address on the IRS website to avoid delays in processing.

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.