Michael Shigley is a single taxpayer living at 7010 Mountain Rd, Stowe, VT 05672
ID: 2545341 • Letter: M
Question
Michael Shigley is a single taxpayer living at 7010 Mountain Rd, Stowe, VT 05672. His social security number is 466-33-1234. For 2017, Michael has no dependents and his W-2 from Stowe Mountain Lodge where he works as a maintenance worker showed the following information:
Wages $22,400
Withholding (federal income tax) $1,980
Michael also has taxable interest from Peoples United Bank of $20. Michael elects to donate $3 to the Presidential Election Campaign Fund. This election does not affect tax liability in any way. Michael has health care insurance through his employer and had coverage for the entire year.
Required: Complete Michael’s 2017 tax return using the appropriate 1040 Form and any required schedules and worksheets.
*Can anyone tell me what kind of 1040 form I should use in this example? Either Form 1040, Form 1040A, Form 1040EZ?
Explanation / Answer
Individuals who have varied incomes and would like to take various deductions can file Form 1040A.
Form 1040 (officially, the "U.S. Individual Income Tax Return") is one of three IRS tax forms (see variants section for explanations of each) used for personal (individual) federal income tax returns filed with the Internal Revenue Service (IRS) by United States residents for tax purposes.
https://drive.google.com/file/d/1bwzffWO_0KBEkhqz8xFJox1F4ldSnmmg/view?usp=drivesdk
Income tax returns for individual calendar year taxpayers are due by Tax Day, which is usually April 15 of the next year, except when April 15 falls on a Saturday, Sunday, or a legal holiday. In those circumstances, the returns are due on the next business day. An automatic extension until October 15 to file Form 1040 can be obtained by filing Form 4868.