Federal Income Tax

Federal Income Tax

Guide to Federal Tax Forms

Guide to Federal Tax Forms

What are Federal Tax Forms?

Federal tax forms are formal documents used by taxpayers and taxable organizations to formally report financial information to the Internal Revenue Service or other governing bodies of the United States. 

Federal tax forms are used to report income and calculate taxes that must be paid to the federal government (as well as the local governments) of the United States of America. The revenues obtained by the government are used to finance public services and programs, as well as pay-off debts.

As a result of the advancements made in computer technology, the Internal Revenue Service typically offers two versions of each tax form: the simplified version (known as the EZ model) and standard-issued tax forms. 

Examples of Federal Tax Forms

Form 990: This federal tax form is titled “Return of Organization Exempt from income Tax.” The federal tax form 990 is submitted by all tax-exempt organizations and non-profits to notify the IRS with annual financial information. The short Form 990, known as the 990-EZ may be filed by organizations with gross receipts between $25,000 and $500,000 and total assets less than $2.5 million. The federal tax Form 990 provides the public with financial information of tax-paying corporations; typically the federal tax Form 990 is the only source of such information. 

1040 Series: The federal tax Form 1040 is the classic tax form used to report an individual’s personal income tax. These federal tax forms are the starting point for an individual’s Federal income tax returns. A full-time resident individual in the United States may use the standard form 1040, however, those with uncomplicated tax returns (a lack of itemized deductions, no capital gains) may use the simplified Form 1040A, known as the short form or 1040EZ. The Form 1040, which is the most comprehensive tax form, contains 11 attachments, known as schedules that may need to be filed depending on the taxpayer’s specific obligation.

The attachments are as follows: 

IRS Form 1040

IRS Form 1040ES

IRS Form 1040A

IRS Form 1040EZ

Schedule A  : Itemizes allowable deductions against income

Schedule B : mandatory if interest or dividends received during the taxable year exceed $1,500 from all sources or if the filer used foreign accounts for whatever reason

Schedule C : Filer must list all income and expenses related to self-employment. Typically this form is filed by  sole proprietors.

Schedule C-EZ : IRS form

Schedule D : Section of the 1040 tax forms used to describe the intricacies associated with capital gains and losses incurred during the tax year. 

Schedule E  : Used to report income and expenses that arise from the rental of property, or from pass-through entities, such as trusts, estates, partnerships, or S Corporations

Schedule EIC : Assesses eligibility regarding the Earned Income Credit.

Schedule F : Used to report income and expenses related to farming.

Schedule H : Reports owed taxes due to household help.

Schedule J : Averages farm income over the course of three years.

Schedule L : Used to figure an increased standard deduction in certain cases.

Schedule M : only used in 2009 and 2010 to claim the $400 tax credit 

Schedule N : IRS form

Schedule R  : Calculates Credits for the Elderly or the Disabled.

Schedule SE : Calculates the self-employment tax

Other Federal Tax Forms

o Form 1041 : Used by trusts and estates for tax returns

o Form 1065 : The federal tax form used by partnerships to file tax returns

o Form 1098 : Tax forms regarded as the Mortgage Interest Statement; these tax forms are used to report interest that a taxpayer has satisfied on his or her mortgage.

o 1099 Tax Forms : These tax forms are used in the United States income taxation system to prepare and file various information concerning salaries, wages, and tips.

Guide to Federal Tax Forms

Federal income tax is a complex system with various rules, regulations, and forms. Filing taxes can be a daunting task, especially for those who are new to the system. Understanding the different federal tax forms is essential for filing correctly and avoiding potential legal and financial issues. This article provides a comprehensive guide to federal tax forms, including their purpose, how to use them correctly, and where to find them.

Form 1040

Form 1040 is the primary federal tax form that individuals use to file their income tax returns. This form includes all the necessary information for reporting income, deductions, and tax payments. The IRS offers several variations of Form 1040, including Form 1040NR for nonresident aliens and Form 1040-ES for estimated tax payments.

Form W-2

Form W-2 is a tax form that employers use to report wages, tips, and other compensation paid to employees during the year. Employees must receive a W-2 form by January 31 of the following year to file their income tax returns correctly.

Form 1099

Like the W-2 form, Form 1099 is a tax form used to report income. However, it is not only reserved for employees. The 1099 form is also used to report rental income, contract work, and other types of non-employee income. Individuals who receive 1099 forms should report the income on their tax return.

Form 1098

Form 1098 is a tax form used to report mortgage interest paid by homeowners. If an individual paid more than $600 in mortgage interest over the course of the year, their lender will send them a 1098 form to report this amount.

Form 8863

Form 8863 is a tax form used to report education-related expenses and credits. Individuals who paid for tuition, student loan interest, or other education expenses can report these expenses on Form 8863 to claim tax credits or deductions.

Where to Find Federal Tax Forms

Individuals can find federal tax forms on the official IRS website, www.irs.gov. Some forms can also be obtained from local libraries, post offices, and public tax preparation services.


Filing federal income tax returns is a necessary part of being a taxpayer. By understanding the different federal tax forms and their purpose, individuals can file accurately and avoid potential legal and financial consequences. Staying informed about changes to tax law and any updates to forms can ensure a smooth and stress-free tax filing experience.



Federal Tax Return Status

Federal Tax Return Status

How Do I Check My Federal Tax Return Status?

If you e-file your taxes you can expect your refund within 10 to 21 days. Your Federal Tax Return Status will account for changes as your return moves through the processing stage. You must keep in mind that IRS telephone representatives are not able to provide additional information concerning your federal tax return status. 

To check your Federal Tax Return status you must first visit the following site:

Step by Step Process for Checking Your Federal Tax Return Status: 

o You should first check your Federal Tax Return Status approximately 72 hours after you file your e-return or 4 weeks after your mail your paper return. 

o To check your Federal Tax Return Status you will need to have your social security number, your filing status and the exact refund amount derived from your initial calculations. 

o After observing these rules, you must click on Box #3 labeled “where’s my refund.” Clicking this link will take you to the following page: 

o On this page you will notice that you will be required to enter your social security number, your filing status and the exact whole dollar amount shown on your tax return. Providing the exact figure is essential to properly receive your federal tax return status. Moreover, your social security number and your filing status must correlate with your tax return; to review your federal tax return status you must enter information as it is reflected on your 1040 or return papers.

o After entering the information in the appropriate boxes, click “submit.” 

o After clicking ‘submit’ you will be taken to a page that will show you the expected delivery date of your federal tax return. This date is regarded as your federal tax return status. 

What is a Federal Tax Return?


A tax return, in the United States, are reports filed with the Internal Revenue Service—for federal taxes—and with your state or local tax collection agency—for state taxes—containing information required to calculate income tax. Federal tax returns are prepared using forms prescribed by the Internal Revenue Service. 

Under the IRS’s tax code, a federal return may be classified as either an information return or a tax return. A tax return, in a narrow sense, is a report of payments and tax liabilities, often including your financial information used to compute the tax. As a colloquial term, taxpayers often refer to this taxation as a “tax refund” because the individual will typically receive money from the IRS for taxes paid on their income throughout the year. 

The standard individual tax return in the United States is filed under Form 1040. There are a few variations of this form, including the 1040EZ and the 1040A, as well as several supplemental forms. Those individual residents and citizens who realize a gross income beyond their specific tax liability are required, by law, to file a Federal income tax return. Gross income includes several kinds of income, including income generated from investments, work or even illegal activity. 

Because the majority of United State taxpayers receive money from the IRS upon filing their federal tax return, it is important to know how to track the delivery of these funds. Observing your federal tax return status is a simple procedure that allows you to view the estimated delivery date of your federal tax return. Viewing this date will allow you to properly budget your expenses. 

o A federal tax return is a report filed with the Internal Revenue Service that delivers information used to calculate an individual’s taxable income and amount of tax withheld. Tax returns are typically prepared using forms prescribed by the Internal Revenue Service in the United States.

o In general, three outcomes are possible for filing a tax return: the taxpayer has either been charged too much or too little for their income earned (the amount withheld exceeds their obligation) or they have been charged the correct amount. If an excess of funds is present (common examples include an employer withholding wages), the government must refund them, whereas if they have been charged too little, the individual taxpayer must make-up the difference.

o Tax returns are used to organize, compute, and deliver an individual or corporate taxpayer’s obligation. The typical or normal deadline by which an individual must file their federal tax return for a given fiscal year is April 15th of the following year.

o Based on the Internal Revenue Code, tax returns are classified as either information returns or tax returns. In the more specific sense, tax returns are reports that list all tax liabilities and payments. In most instances, tax returns contain all viable and pertinent financial information that is necessary to compute the individual’s or underlying organization’s tax return.

o Information returns are forms of federal tax returns used to transmit information concerning income, receipts, or other matters that may affect a taxpayer’s liability. Examples of these tax returns include the W-2 Form and Form 1099, which are both used to report the amount of income that an employer, broker, independent contractor, other entity pays to a taxpayer. All individuals who earn an income in the United States are legally obligated to file Federal tax returns. The standard individual tax return in the United States is the Form 1040; there are several variations and chapters within the 1040 as well numerous supplemental forms.

Information concerning the Federal Tax Return Status

o A number of American workers rely on their tax return to pay-off bills or purchase necessities; as a result of this dependency, the federal tax return status is a relatively new resource that has grown in popularity.

o The Federal Tax Return Status is a tool offered by the Internal Revenue Service, which enables a tax-paying American to view the expected release and transfer of their tax return dollars. As oppose to waiting around, checking the mail or your bank account every day, the Federal Tax return status link will enable you to view the expected date of transfer. This tool, as a result of notifying characteristic, enables taxpayers to better budget themselves around their federal tax refund. 

o To access the Federal Government’s Tax Return Status tool simply go to www.irs.gov and click on the “where’s my refund” link. When you access this link you will be asked to provide your social security number and other personal information; when inputted, the Federal Tax Return Status will give you the expected delivery date of your funds.

Contact a Tax Lawyer for Legal Advice and Assistance.

Federal Tax Return Status: Understanding the Process

Each year, millions of Americans file their tax returns with the Internal Revenue Service (IRS). It is important to know the status of your tax return, especially if you expect to receive a refund or need to make a payment. Understanding the process and tracking your tax return status can help you stay informed and avoid any issues with the IRS.

Why Track Your Federal Tax Return Status?

Tracking your tax return status can help you in several ways. Firstly, it ensures that you receive your refund or process your payment promptly. Secondly, if any issues arise with your tax return, you can take appropriate action before the IRS takes any action. Lastly, tracking your return status can give you peace of mind.

Methods to Check Your Federal Tax Return Status

The IRS offers several methods to check the status of your tax return. These include:

1. IRS2Go App – You can download the IRS2Go app on your smartphone and check the status of your tax return right from your mobile device.

2. Online Tools – You can use the “Where’s My Refund?” tool on the IRS website to track your refund status. Another tool, “Get Transcript,” lets you view or print out a transcript of your tax returns.

3. Telephone – You can call the IRS at 1-800-829-1040 to check your tax return status.

What Do the Status Messages Mean?

When you check your tax return status, you will see status messages like “Return Received,” “Refund Approved,” or “Payment Received.” Here’s what each of these messages means:

1. Return Received – The IRS has received your tax return and it is being processed.

2. Refund Approved – The IRS has processed your tax return and approved your refund. Your refund will be sent to you either by direct deposit or through the mail.

3. Payment Received – The IRS has received your payment for any taxes owed.

4. Needs Further Review – Your tax return has been flagged for review by the IRS. This review can take several weeks, and you will receive a notice of any changes made to your tax return.

5. Rejected – Your tax return has been rejected due to errors or inconsistencies. You will need to make the necessary corrections and resubmit your return.


Tracking your federal tax return status is an important step to take to ensure that your tax return is processed without any issues. The IRS offers several methods to check your tax return status. By understanding what each status message means, you can stay informed and take appropriate action if needed.