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ORGANIZER2018I 1040us I Tax OrganizerNORDSTROM & ASSOCIATES PCT ax Return Appointment150 W DALE AVE STE 2 Flagstaff AZ 86001 Telephone number: (928) 7745086 Fax number: (928) 7747908 Email address:Date:

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How to fill out i 1040

01

Step 1: Gather all necessary documents such as W-2 forms, 1099 forms, and any other income records.

02

Step 2: Start filling out the personal information section, including your name, address, and social security number.

03

Step 3: Calculate your total income by adding up all sources of income mentioned in the relevant sections.

04

Step 4: Deduct any eligible adjustments to your income, such as student loan interest or IRA contributions.

05

Step 5: Determine your taxable income by subtracting your deductions and exemptions from your total income.

06

Step 6: Use the appropriate tax tables or tax software to calculate your tax liability based on your taxable income.

07

Step 7: Claim any eligible tax credits to reduce your tax liability.

08

Step 8: Calculate your total payments and credits, including withholding taxes and estimated tax payments.

09

Step 9: Compare your total payments and credits with your tax liability to determine if you owe more or are entitled to a refund.

10

Step 10: Sign and date the form before mailing it to the appropriate IRS address.

Who needs i 1040?

01

Individuals who are US citizens or residents need to fill out Form 1040 (i-1040) to report their annual income and calculate their federal income tax liability.

02

The form is also required for individuals who have had any federal income tax withheld from their income.

03

It is used to report various types of income, such as wages, salaries, tips, rental income, and self-employment income.

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What is i 1040?

The i 1040 is the U.S. Individual Income Tax Return form.

Who is required to file i 1040?

Any individual who meets the income threshold set by the IRS is required to file i 1040.

How to fill out i 1040?

You can fill out i 1040 by providing information about your income, deductions, credits, and other relevant tax information.

What is the purpose of i 1040?

The purpose of i 1040 is to report your income to the IRS and calculate how much tax you owe.

What information must be reported on i 1040?

You must report your income, deductions, credits, and other relevant tax information on i 1040.

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