Tax Forms Explained – What is the IRS Tax Form You Need?

All taxpayers must file an IRS Tax Form. Filing your return is the first step in filing your tax returns for the year. It is necessary to understand all the procedures involved in filing an IRS tax return. You can download free IRS tax forms from IRS websites. Or, you can purchase IRS software that will help you prepare your tax return. The IRS website offers a variety of formats to choose from, and you can purchase individual IRS tax forms.Tax Forms Explained - What is the IRS Tax Form You Need

These instructions are just tax form instructions. They are not legal IRS tax forms. They are merely for Free File Fillable Forms just like those that you would fill out for a credit card bill or for a home payment. They describe how to utilize the most commonly used Free File Fillable Forms, along with the forms that are not used on most tax returns.

The following list explains the various types of tax forms. But, before you start filling any form, you should read the instructions or the accompanying tax documentation. For example, if you are completing a Form W-2 for an employee, you should not complete a Form W-2 social security card tax form. The instructions for completing such forms will indicate whether a social security number must be provided or if a nonsocial security number may be used. This is especially true for the social security form since the tax form does not normally include a form 1040-a.

A. Form W-4. If you are completing an electronic filing of your federal income tax return, then you should not complete a form w-4 unless you are preparing your electronically filed return and the IRS asks you to do so. The form w-4 is particularly important for people who have a PDA, mobile phone, or tablet computer because the forms often ask about an electronic signature rather than printing out a copy of the signed return.

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W4 Form 2021 Printable [185.47 KB]

B. Form 1040-a. If you are completing an electronic filing of your federal income tax return, then you should not complete a form 1040-a unless you are preparing your electronically filed return and the IRS asks you to do so. Form 1040-a is also important for people who have a disability or limited physical disability which makes it difficult for them to sign the paper IRS forms that they are required to file with their federal income tax return.

C. The last IRS tax form is called the Installment Agreement. An Installment Agreement is an agreement that provides how the taxpayer or his or her representative, designated as Installment Agent, will settle the outstanding debt or balance of the liability between the taxpayer and the IRS. The Installment Agreement is a condition to the taxpayer’s agreement to repay the IRS back a certain amount of money in exchange for having the IRS return a final tax balance in arrears or payment of interest on the liability after a certain amount of time. Because an Installment Agreement is not a legal contract between the IRS and the taxpayer, it cannot be contested by either party and is considered a binding agreement between the parties.