BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1040 Tax Form
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1099 Tax Form
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760 Tax Form
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None of the above
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Detailed explanation-1: -Form 1040 is used by U.S. taxpayers to file an annual income tax return.
Detailed explanation-2: -The difference between these federal income tax forms is the relative simplicity of short forms 1040EZ and 1040A-compared to the longer, more complex Form 1040. Using the shorter tax forms can simplify your tax preparation. Each of these tax forms has the same set of purposes, including: Reporting your income.
Detailed explanation-3: -Almost everyone in the United States needs to file IRS Form 1040. But for business owners, independent contractors, and the self-employed, there are some specific details you should know about. Read on for the information you need for a stress-free tax filing.
Detailed explanation-4: -Form 1040, formally known as the “U.S. Individual Income Tax Return, ” is the standard federal income tax form people use to report income to the IRS, claim tax deductions and credits and calculate their tax refund or tax bill for the year.