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Understanding about Different Types of Individual Income Tax Returns

There are different types of Federal individual income tax returns. It is the responsibility of the taxpayer to use the appropriate tax form that corresponds to the particular situation and permits to claim the income, tax credits and tax deductions. Federal income tax is due by 15th April, unless the taxpayer applies for a tax extension. Common types of individual income tax returnsĀ  IRS Form 1040 (U.S. Individual Income Tax Return) IRS Form 1040A (U.S. Individual Income...