Craig is single and lives alone. He earns a respectable salary, but the bulk of his income comes from his property holdings and stock market investments. Craig is well versed in tax law and has many deductions to claim, hoping to pay the smallest amount possible. Recommend the appropriate 1040 form for Craig.
The IRS Form 1040 is one of the official documents that U.S. taxpayers can use to file their annual income tax return. The form is divided into sections where you can report your income and deductions to determine the amount of tax you owe or the refund you can expect to receive. Depending on the type of income you report, it may be necessary to attach other forms or schedules to it.
Form 1040 Individual Income Tax Return–Long Form
Form 1040A Individual Income Tax Return–Short Form
Form 1040EZ Individual Income Tax Return–Simple Returns
The correct option is C. 1040
Mar 30th, 2015
Are you studying on the go? Check out our FREE app and post questions on the fly!