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As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ – see below for explanations of each) used for such returns.
Form 1040, officially, the U.S. Individual Income Tax Return, is an IRS tax form used for personal federal income tax returns filed by United States residents. The form calculates the total taxable income of the taxpayer and determines how much is to be paid to or refunded by the government.
George S. Boutwell was the first Commissioner of Internal Revenue under President Abraham Lincoln.. In July 1862, during the American Civil War, President Abraham Lincoln and Congress passed the Revenue Act of 1862, creating the office of commissioner of internal revenue and enacting a temporary income tax to pay war expenses.
Climate change is fueling tinderbox conditions that spark increasingly severe wildfires, resulting in thousands of deaths related to their smoke Smoke pollution from wildfires is causing an extra ...
The Palisades Fire and the Eaton Fire are now among the top 5 most destructive wildfires ever recorded in California. At least 11 people are dead and more than 10,000 homes and other structures ...
The IRS said it was able to track down 125,000 instances of people earning over $400,000 not filing their taxes between 2017 and 2021. IRS contacting high-income earners who failed to file taxes ...
Direct tax is a tax paid by a person, as opposed to a tax levied on a business that the person indirectly pays. Double taxation is when a tax is paid twice on the same income or item. Indirect tax is a tax collected by an intermediary (such as a store) on behalf of the person who actually is required to pay (such as a customer)
The Palisades Fire is the most destructive wildfire in Los Angeles’ history, far surpassing historical events. Authorities say they have been hindered in their search for victims by spot fires ...