1040PC Form


DEFINITION of '1040PC Form'

An income tax return that is prepared by computer in a three column "answer-sheet" format. It only prints the bottom line number, dollar amount, and, for most entries, a brief description called a "legend page."


The 1040PC form can cut the usual 11-page tax return down to just a couple pages. However, the IRS quit accepting this form in 2000, preferring the e-file format instead.

  1. Income Tax

    A tax that governments impose on financial income generated by ...
  2. 1040 Form

    The standard Internal Revenue Service (IRS) form that individuals ...
  3. Electronic Filing - E-File

    The process of submitting tax returns over the Internet, using ...
  4. 1040EZ Form

    The 1040EZ is an alternative to the Internal Revenue Service's ...
  5. 1040A Form

    A simplified version of the 1040 form for individual income tax. ...
  6. Internal Revenue Service - IRS

    A United States government agency that is responsible for the ...
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  1. Do tax brackets include Social Security?

    A portion of your Social Security benefits may be subject to federal taxation using tax brackets. Your tax bracket is determined ... Read Full Answer >>
  2. Do 401k contributions reduce AGI and/or MAGI?

    Traditional 401(k) contributions effectively reduce both adjusted gross income (AGI) and modified adjusted gross income (MAGI). ... Read Full Answer >>
  3. Are IRS audits random?

    While the U.S. Internal Revenue Service (IRS) conducts some of its tax audits using random selection based on a statistical ... Read Full Answer >>
  4. Does the IRS report to credit bureaus?

    The Internal Revenue Service (IRS) doesn't report overdue tax debt to credit bureaus. Federal law protects the privacy of ... Read Full Answer >>
  5. Does the IRS charge interest on penalties?

    The Internal Revenue Service (IRS) charges interest on any overdue taxes owed, but it does not charge interest on penalties. ... Read Full Answer >>
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