How Useful Are the Federal Forms 1040 When Printed Out at Home?


Quick Answer

Federal Form 1040 can be downloaded from the official Internal Revenue Service website, printed at home and then filed with the appropriate Internal Revenue Service Center. The state of residence determines where to mail the printed Form 1040.

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Full Answer

A taxpayer can complete his Form 1040. However, for more complicated transactions a taxpayer may need to seek the services of a Certified Public Accountant or lawyer, as noted by Chron Small Business. Once completed, the form should be dated and signed. Any additional attachments or schedules should also be included. For instance, self-employed individuals should include Schedule C to state their profit or loss from business activities.

IRS Form 1040 contains basic sections to report income, deductions and credits, as noted by Intuit TurboTax. Eligible income items include wages, salary, tips, interest and dividends, as of March 2015. A taxpayer can then choose to take the standard deduction or itemized deductions. Finally, any relevant credits can be applied against taxable income. The Internal Revenue Service website also offers information on how to file returns. Taxpayers can paper file the forms printed at home or choose an electronic filing option. The electronic filing option is free through the Internal Revenue Service website and offers more timely acceptance of the submitted return.

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