When the month of April rolls around most of
America is preparing their income tax returns. Each year all individuals who
made an income are required to report that income to federal and state
governments by filing an income tax return.
Taxpayers must file two separate income tax
returns. One income tax return goes to the federal government and the other
goes to the state government that a particular taxpayer resides in. The
majority of taxpaying Americans are able to fill out a Form 1040A: U.S.
Individual Income Tax Return. Individuals that do not have any children or
other qualifying dependents are able to file a federal 1040EZ form. This form
is also referred to as the Income Tax Return for Single and Joint Filers With
No Dependents. The 1040EZ is basically a shorter version of the 1040A form;
however, taxpayers must meet certain requirements before filing a 1040EZ form.
The majority of taxpayers will have the federal
income tax forms they need mailed to their home. The option to have federal
income tax forms mailed to a taxpayer is given on the previous year's tax
forms. Taxpayers who do not wish to receive federal income tax forms but do
need them can get the forms from a number of sources. Many paper forms are
available for pickup at many local post offices, banks, and libraries.
Taxpayers can also visit the website of the Internal Revenue Service (IRS)
which is found at http://www.irs.gov. The Internal Revenue Service
has a collection of federal income tax forms that can be downloaded and
When a taxpayer reports their income earned to
their state government they will also have to fill out a state tax return form.
Each state has their own income tax return forms. The form numbers will all be
different because they vary from state to state; however, some forms will have
the same heading. It is not uncommon for a state income tax form to be known as
the Resident Income Tax Return. As with federal income tax returns, the
majority of states have a long income tax return form and a short one.
Taxpayers who are able to fill out and file a short state income tax return are
encouraged to do so because it saves many taxpayers a large amount of tax
preparation time. As with most federal income tax forms, state tax return
individuals are likely to have a packet of state income tax forms mailed
directly to their home. It is also possible for taxpayers to find their state
tax forms at their local post office, financial institution, or library.
In addition to the traditional taxpaying
individual, there are others who have to report and possibly pay an income tax.
All businesses and estate properties of an individual who has passed on are
subject to an income tax. A small business owner or the executor of an estate
property will have to file different federal and state income tax forms than
the traditional taxpayer. These forms can be obtained at the same places where
standard federal and state forms are available.