American Tax Service

Helping Americans File Their Taxes

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Where Can I Find IRS Form 1040 and Instructions?

1040 tax form

IRS Form 1040 is the basic tax form many Americans will use. However, it also recently received an overhaul.

The new Form 1040 will now be the size of a postcard with 1040EZ and 1040-A removed from circulation entirely. However, there are a variety of new schedules, so you need to be aware that you don’t need to give less information; they’ve just been moved to other forms.

So, let’s look at where you can find IRS Form 1040 and instructions.Read the rest

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What is The New IRS 1040 Form?

The new Form 1040 is different from the old one. This new draft may seem confusing, but we are going to help you understand it. Here are the five things all Americans should know about the new IRS Form 1040.

The New 1040 Form is the Size of a Postcard

new 1040 form

One of the main promises Donald Trump made during the 2016 presidential campaign is he wanted to change the tax code to make it simpler. He said that he wanted the average American to be able to file their taxes on something the size of a postcard.… Read the rest

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Federal Remodel Incentive Programs and Tax Relief Options

Federal home remodel incentives

Do you want to get a refund the next time you remodel your home?

There is a variety of different local, state, and Federal remodel incentive programs that can help you improve the value of your home.

There is also a range of tax relief options and low-interest loans you can take advantage of, but many of them are difficult to find.

What are the Basic Requirements?

The programs offered by the government are limited to things that increase the value of your home.… Read the rest

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Child and Dependent Care Tax Credit 

What is the child and dependent care tax credit?One of the most difficult financial burdens, when you have young children, is paying for dependent care, but some good news is that there are some relief options when it comes time to file your taxes.

What is the Child and Dependent Care Tax Credit?

The child and dependent care tax credit is available for almost anyone who has a dependent and is working.

The dependent care tax credit is different than the child tax credit, and this article is intended to help you understand how to claim the childcare tax credit.Read the rest

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Rental Property Tax Deduction

Deciding to become a landlord can be highly beneficial for yourental home financially. However, it also comes with a significant amount of work.

As well as the general responsibilities associated with running a rental property, you need to find tenants, pay all your expenses, and ensure you have insurance.

In personal tax terms, renting out a property can complicate the situation. There are rental property tax deductions available to help you out with running your business, though.

Different deductions are available from the IRS.… Read the rest