Filing modalities Form 1040
1 filing modalities
1.1 paper filing
1.2 electronic filing
1.3 comparison
filing modalities
the form may filed either paper or online.
paper filing
paper filing universally accepted filing method. form 1040, along variants, schedules, , instructions, can downloaded pdfs internal revenue service website. finalized versions of forms tax year (which in same calendar year) released near end of january of following year.
paper forms can filled , saved electronically using compatible pdf reader, , printed. way, easy keep electronic copies of 1 s filled forms despite filing paper. alternatively, can printed out , filled hand. combination of approaches may used, content filled in electronically , additional content written in hand. general rule, possible, makes sense fill electronically, in cases filling hand may necessary (for instance, if additional notes of explanation need added, or font used electronic filling large fit information in space provided.
the parts of form cannot filled electronically signature lines.
the paper form 1040, along relevant schedules , additional forms, must sent in single packet mail or courier irs address determined state taxpayer filing , whether or not payment enclosed; addresses 3 forms (1040, 1040a, 1040ez) identical.
the irs accepts returns stapled or paperclipped together. however, check or payment voucher, accompanying form 1040-v, must not stapled or paperclipped rest of return, since payments processed separately.
electronic filing
the irs allows residents tax purposes file electronically in 3 ways:
those incomes of $62,000 or less may file electronically using irs free file, free e-filing tool (there other conditions necessary eligible free filing; in particular, kinds of income , deductions cannot handled free filing).
it possible prepare 1 s tax return using tax compliance software approved irs , have software file return electronically.
one can use tax professional has been accepted irs electronic filing.
many paid tax preparers required file individual tax returns electronically, , tax compliance software file electronically on taxpayer s behalf. tax preparers not required, must file form 8948 if choose paper filing, providing explanation why not filing electronically.
comparison
if 1 not eligible irs free file, might cost hundreds of dollars file electronically, whereas paper filing has no costs beyond of printing , mailing. furthermore, available existing electronic filing options may not offer sufficient flexibility respect arranging 1 s tax return, adding attachments, or putting written notes of explanation can preempt irs questions. in addition, electronic filing makes 1 s tax return more audited because in format accessible irs, whereas of paper returns, 40% transcribed, remaining not in running being audited. these reasons, law resource nolo forbes argue more complicated 1 s tax return, better file on paper. filing electronically exposes taxpayer s data risk of accidental loss or identity theft.
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