Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Refund and Amount of Tax Owed

Introduction

Objectives

At the end of this lesson, using your resource materials, you will be able to:

  • Identify the applicable section and lines of Form 1040 for the refund or amount owed
  • Report the correct amount of refund or amount owed
  • Identify the refund options available, including the purchase of savings bonds
  • Describe the different payment options for the amount owed
  • Identify the purpose and determine how to complete the Third Party Designee portion of the tax return

Estimated time to complete: 30 minutes