What is a federal income tax return?

Answer Yearly federal income tax returns, supervised and enforced by the Internal Revenue Service, are an important method for funding the expenses of the national government. Form 1040, 1040A, and 1040EZ... Read More »

Top Q&A For: What is a federal income tax return

Who needs to file a federal income tax return?

People need to file a federal income tax return if they have had federal income tax withheld, if they qualify for the earned income tax credit, received form 1099 due to withdrawal from their retir... Read More »

How to Track a Federal Income Tax Return?

Filing your taxes can often be a cumbersome and stressful project. However, part of the joy of doing them is getting your tax refund check afterward. The Internal Revenue Service has developed a wa... Read More »

How to Get Federal Income Tax Return Copies?

The Internal Revenue Service keeps your income tax records for seven years. You can request a transcript of previous tax returns for free at any time. For example, if you need to prove your income ... Read More »

When do you need to report interest on a U.S. federal income tax return?

Though there are exceptions, such as some U.S. savings bonds, most types of interest are considered taxable income. This includes interest on bank accounts and money market accounts. The payer will... Read More »