Individual Tax Return (Forms 1040/1041)  icon

Individual Tax Return (Forms 1040/1041)


Download your free Individual Tax Return (Forms 1040/1041) template to personalize and use in your bookkeeping or accounting firm.

A preview of the 'Individual Tax Return (Forms 1040/1041) ' templateIndividual Tax Return (Forms 1040/1041) Extension Needed (available if needed; skip otherwise)Check off this task if an extension needs to be filedCompletedExtension Filing (available if needed; skip otherwise)6 AutomatorsPrepare extensionCompletedFile extension with tax authorities and receive acceptance statusCompletedAdd "- Extended" to the work titleCompletedUpdate the work item due date to the extended filing dateCompletedOrganize and request client information

This is Karbon's best practice template for individual tax returns (1040) and estates/trusts (1041). It provides the end-to-end process to support an individual tax return for a walk-in client, new client, and/or a more complicated return.

To use with Karbon, set the work type to be either 'Tax: 1040' or 'Tax: 1041' (based on the form used), then review and simplify to your own firm's unique tax preparation method of delivery.

This template has two sections at the top of the workflow that allow you to manage the extension process, if needed. Please ensure 'Extension Needed' and 'Extension Filed' are added as In Progress work statuses and enable those work statuses for the applicable work types (e.g. 1040 and 1041) to take advantage of this.

The template is set to kick-off, complete, file and confirm with the client within 4 weeks (barring client slow down or internal issues).

The automators within the workflow will update the task due dates, change statuses of both the tasks and work, and move the assignment of the work automatically based on the completion of the sections themselves.

Learn how to use this template in action.

More information about this form 1040/1041 template.

Download the Template

Download your Individual Tax Return (Forms 1040/1041) template now.

  • .XLSX File

Add to Karbon

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  • Time and Budget Estimates
  • Task Automation
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  • Client Work Scheduling

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