The IRS publication 17 is the general guideline for American
citizens who are filing federal income tax returns. It provides information
that is supplementary to the information in the tax forms. Publication 17 also explains
the tax laws and makes sure that you always pay only the amount that you owe as
your tax and never more than that. Form 1040 of United States Individual Income
Tax return is closely followed by IRS Publication 17 and the publication is
classified in six different parts covering different sections of Form 1040.
What do you get in Publication 17?
IRS Publication 17 actually begins with a series of rules
that you are required to know for filing your tax returns. It also explains
The conditions under which you must file a return
The tax form you are required to use
Due date of the return
The process of e-filing your return along with
Other general information
It can also help you to determine your actual filing status
and if any dependents can be claimed. If your income is taxable this
publication will also help to determine the expenses that might be deducted and
also tells you about the different kinds of available credit that might help in
reduction of your tax.
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