The IRS Form 1040 Instructions are available online at the IRS website, for anyone to browse. Since the 10140 form is the longest, most complex individual income tax return available, the instructions for it are extensive. 108 pages, to be exact! Taxpayers do have three versions of the IRS 1040 form to choose from:
See if you can use the EZ, it will save you lots of time and effort. If you own a business, however, you’re going to have to use IRS Form 1040. If you want to itemize your deductions, it’ll have to be the long form 1040. Things that require you to attach a Schedule to your tax form are explained in the IRS Form 1040 Instructions. These would be things like having a net profit from your business, selling your main home and making a profit, or making a profit from farming.
Basically, anything out of the ordinary as far as income is concerned, will require Schedules, and the only form that has these is the 1040. The IRS Form 1040 Instructions explain in detail how to fill out Schedule A, Schedule D etc. That’s partly why it’s 108 pages long. Intimidating, right? It’s what causes lots of taxpayers to pay large sums of money to accountants to prepare their taxes for them.
The IRS Form 1040 Instructions Made User-Friendly
But it doesn’t have to be that way. You can do your own taxes even if you must use the long form 1040. Also, you don’t need to read the IRS Form 1040 Instructions in order to prepare your own taxes. That’s because tax prep software incorporates every single one of those daunting 108 pages into a user-friendly interface that makes getting your taxes done easy.
Commercial software that’s approved by the IRS (you can get a list on their website) puts the entire contents of the IRS Form 1040 Instructions behind the scenes so you don’t have to read it. Those 108 pages are behind the scenes, so all you do is answer questions and submit your answers. The software computes your data and compiles an electronic IRS form 1040 to submit electronically to the IRS. Easy and, for lots of people, FREE.
IRS Form 1040 Instructions
If you are still curious about the Form 1040 Instructions, here they are on the IRS website. Enjoy!