Who All Qualify to File Form 1040EZ?

Who All Qualify to File Form 1040EZ?

When deciding on which 2009 individual income tax return to file, there are three basic IRS tax forms that need to be considered. The three basic IRS tax forms are (1) Form 1040EZ, (2) Form1040A or (3) Form1040. This article will focus in on Form 1040EZ, which is the shortest form and by far the least complex of all the forms.

Form 1040EZ was introduced and developed through IRS or the internal Revenue Service department as simpler version of 1040 form. There are 3 basic form to choose with while filing your tax return: Form 1040, Form 1040A and Form 1040EZ. 1040EZ version is not only the simplest version among the three but also the shortest one which requires lesser information on your part. Further here we will discuss regarding the Form 1040EZ and who all qualify to file their returns through this form.

Who All Qualify to File Form 1040EZ?

Apart from the above-mentioned criteria, a taxpayer should also meet the following conditions in order to use form 1040EZ to his/her advantage:

Your earning should only constitute of salaries, wages, tips, taxable scholarships, unemployment compensation or any qualified state program earnings.

Any tips which you have earned must be reported in your Form W-2 by your employer.

You should not have received any advance earned income credit payments.

You do not owe any wages paid to your household employee.

You do not wish to claim any additional deductions for real estate taxes, disaster losses or motor vehicle taxes.

You should not be a debtor in a bankruptcy case.


The very reason of designing of form 1040EZ was to keep it very simple so that individual taxpayers and prepare and file it without any fuss. Any complex adjustments and deductions were kept out of this purview of this form. Involvement in following financial activities would prevent you from using this form:

  1. Capital gain transactions in a tax year.
  2. Sole proprietorship business or any home based small business that files a Schedule C.
  3. In case you have to receive or pay Alimony.
  4. You plan to claim any IRA deductions.
  5. You plan to claim any social security benefits.
  6. In case you meet the following basic requirements, you can use form
  7. You should not have taxable income in excess of $ 100,000.
  8. Your filing status should only be single or married filing jointly.
  9. Taxpayer and his/her spouse should be under the age of 65 years and not blind.
  10. You do not plan to claim for any dependents.
  11. Interest income received by you in a tax year is less than $ 1,500
  12. You do not plan to claim any deductions or adjustments in your income.

In summary, using a tax preparer who is either a Certified Public Accountant or an enrolled agent is a good choice since those individuals are professionally trained and skilled to assist you in filing your tax return. With current technology, it’s easy to send your tax information in a secured manner to your tax preparer and save the time of traveling to the tax preparer’s office or storefront. Also, you should consider having your tax return filed electronically e-file.

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Federal 1040ez – Easy Tax Form for Individuals

Federal 1040ez – Easy Tax Form for Individuals

There are many young people as well as retired people who can greatly benefit by using the simplest of all income tax forms. This would be the 1040EZ, in most cases, because this will allow you to really report the simplest of things on your return. The 1040EZ is very simple and you most likely will be able to do it on your own.

If you are a young person who has just had one job and few expenses, this would be a good form for you. Additionally, if you are a retired person, it may be you can use this form as well if you have not had a lot of medical expenses. This is a very simple form that is easily used by many people.

There are different tax forms that you have to go about according to what will be your requirements. If you are about to file individual income tax return, then there are three forms available for you: Form 1040ez, Form1040A and Form1040. If you are looking for the easy and least complex one, you should go for 1040ez. Before you start filing this one, you need to first consider whether you are eligible for it or not.

Federal 1040ez – Easy Tax Form for Individuals

Most of the taxpayers will consider IRS 1040ez as the easiest kind of form for lots of obvious reasons. This is because it is very easy and simple to file and many typical form of adjustments can be excluded from your income. However, there are some financial issues which may prevent you doing this form and some of them are capital gain transactions like sale of property and stock, IRS deductions, alimony either received or paid, and some taxable social security advantages. These are some reasons which may prevent you from taking advantages of filing this form. If you meet the requirements, then you will be at an ease to file your return online.

If you are willing to file 1040ez form online you should know first whether you can file it or not. Suppose you have unemployment compensation, wages or salaries, qualified state program earnings, or taxable fellowship grants or scholarships, then you are eligible for using this tax form. The top most condition for using this form is you should not have received any advance gained income for credit payments. Please make sure that you will not be claiming the said additional standardized deduction from your net disaster losses, real estate taxes, or your qualified vehicle taxes which you yourself is the one to utilize it.

According to your tax situations and complexity, you need to consider whether you should hire a professional tax preparer or Certified Public Accountant. You will need taking assistance from a CPA if your taxes are complex and not easy to be done by on your own. Suppose you have to deal with easy taxes, then you can do IRS tax 1040ez online on your own very easily. To make your task simpler and easier, the majority of taxpayers choose to file their return on the Internet as it is easy, fast and more convenient compared to the traditional paper filing method. You will get quick IRS confirmation for your filing if you prefer e-filing option and file your return electronically before the deadline.

Visit this link: https://www.forbes.com/sites/kellyphillipserb/2017/04/23/how-to-fix-your-mistakes-by-filing-an-amended-tax-return/#3ffa8719423b

1040EZ – Learn How to File Free

1040EZ – Learn How to File Free

Before you start doing your taxes blindly, it would be a fair thing if you get to know about different tax forms available. If you consider IRS tax form 1040, please note that it can be used for filing income tax return for individual income. Whether you are married or single who is filing a combined return with your spouse. Depending on your yearly income, your dependents and your filing status, you will be able to make use of form 1040EZ or 1040A. According to your convenience, you may download forms from the IRS site or you may get them from the IRS or state tax office nearby.

When it comes to filing form 1040, you need to fill in the details like your name, address, your social security number, your filing status, and inform whether you are individual or joint filing. After that, you need to fill up all the income you’ve earned in the specific year. You have to get hold of all forms that show your income. Please note that W2, W4 etc. are supporting documents for your income. You require filling in the net taxable income which you can do by subtracting some eligible deductions. You may also consider applying suitable tax credits. If you are not comfortable with doing it on your own, then you would better get it done by an IRS authorized e-file company. Also get to know more about the opportunities which can let you benefit from free 1040 taxes online.

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1040EZ – Learn How to File Free

As for the Form 1040EZ, it is easy and less complicated form which is most suitable for individual tax return. This kind of form can be used by an individual who have been qualified to have the state program wages, earnings, taxable fellowship grants unemployment compensation, etc. Moreover, you should not have acquired advance earned income credit payment. If you consider using this form, then you are not allowed to claim additional standard deduction for your net disaster losses and/or your real estate taxes. In case, you have confusions regarding this form to understand fully, you may consider browsing through the IRS official site.

So, how will you determine whether you should make use of form 1040A or 1040EZ? Please note that any fulltime U. S. resident individual income taxpayer can opt for Form 1040A. It is the most simplified form which is often termed as the “short form”. In other words, it is a shorter version of the Form 1040. Please remember that you may use it if your taxable income is something below $100,000 and you are supposed to take the standard deduction instead of itemize deductions. However, when you are confronted with preparing form 1040A, find out some online tax sites facilitating free 1040A services.

Tax season is such a crucial span of time, and if you let it go simply wasted doing nothing, then it can cost you much more. You may complete your taxes right in time if you intend to avoid getting penalties. However, there are options which you are left with when it comes to preparing and filing your federal tax return. Most taxpayers pose a similar question whether it is possible or not to do federal taxes for free. To your surprise, it is quite possible for you to avail free federal taxes online.