Investor Glossary-1040pc formInvestor Glossary-1040pc formInvestor Glossary-1040pc formInvestor Glossary-1040pc formInsightful stock market charts - Click here
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

1040PC Form

The HTML to link to this page

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...

Learn about investing with the Investor Glossary Term of the Day

Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.

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

Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2015 Investor Glossary - All rights reserved - Terms of Use