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Understanding the 2008 Tax Form

Understanding the 2008 Tax Form

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Understanding the 2008 Tax Form
Federal tax forms for 2008 can be obtained at the Internal Revenue Service's official website. To provide public services and to fund current expenditures the federal government of the United States must impose taxes on income, capital gains, and the majority of assets. 
The predominant income tax forms imposed by the Internal Revenue Service are the 1040, the 1040A, and the 1040 EZ. Each of these tax forms levy a personal income tax. In essence, they are all uniform, however, the filing directions and the process required for filing vary. The 1040 income tax form is an individual tax return form, while the 1040 A is the short version of the same levy, and the 1040 EZ is an income tax return for single and joint filers with no dependents.
The Internal Revenue Service does not revise every income tax return form each year. That being said, the tax rates applied to each income bracket are susceptible to change given the current political party's policy on taxes. Therefore, 2008 tax forms are adjusted to federal tax laws, but in essence the remain uniform to a previous year's tax forms. 
Income tax forms that are annually revised will have the coordinating year shown in the upper right corner of the tax form. In contrast, forms that are revised periodically will have their revision date shown underneath the form number in the upper left hand corner. Revision dates of income tax forms are shown either by the tax year or by the month they are revised. 


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