Investor Glossary-1040pc formInvestor Glossary-1040pc formInvestor Glossary-1040pc formInvestor Glossary-1040pc formInsightful stock market charts - Click here
investor
  Categories      # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z  
Term of the Day Email this Definition Link to this Definition

1040PC Form

FYI - For 2011, Dow up, Dogs of the Dow up more (double digits)
 

Introduced by in 1993, the IRS designed 1040PC form to reduce the standard 11-page tax return to a few pages. Preparation of a tax filing on a personal computer is the unique quality of the 1040PC Form. The 1040PC form replaced the form 1040 and many of the pages of other forms and schedules. Faster and more accurate processing prompted introduction of the 1040PC form. By 1996, six per cent of all taxpayers filed the 1040PC form with the IRS. The layout of the 1040PC form is a three-column format, answer sheet style. The 1040PC form details the bottom line number, dollar amounts, and a brief description called a "legend page". Printing only the lines with data, the 1040PC form briefly identifies them with line-number references. The 1040PC form eliminated the large amount of blank lines found on most submitted tax forms. Widely available tax computation software produced and prepared the 1040PC form. However, the IRS quit accepting 1040PC form in 2000, preferring the e-file format instead.



Rate this 1040PC Form definition...



Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: option premium, deferred revenue, annual return, per diem, inflation, 144a, Zero Cost Collar, current ratio, 1035 exchange, labor relations, retained earnings, 401a, liquidity ratio, irrevocable trust, Key Rate Duration, risk management, debt service coverage, balance sheet, deferred tax, quality assurance, dividends payable, class C shares, ex-dividend date, stock split, ex-dividend, 1031 exchange, command economy, reverse mortgage, stock market close, EBITDA, margin rate, LIBOR, required rate of return, FICO score, VIX, limit order, APR, minority interest, open position, implied volatility, average price per share, phantom income, FTSE, real GDP, diluted share, wholly-owned subsidiary, in escrow, cancelled check, covered put


Home | Term of the Day | Suggest a Term
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Chart of the Day | Dogs of the Dow | Art of the Home
©2004-2012 Investor Glossary - All rights reserved - Terms of Use