What are the Benefits of Form 1040EZ?

Believe it or not, the tax deadline for 2011 is right around the corner once again. As always, you have the option of figuring out your taxes yourself by hand, using the help of the latest tax software, or paying a tax professional to do the work for you.

But, what if you want to do it yourself and you don’t want to take a lot of time doing it? This is where federal Form 1040EZ comes in.

Why should you use Form 1040EZ?

1.In a word, it really is “easy.” This is true as far as filling out forms for the IRS goes anyway. If you want to save yourself hours of precious time, fill out this form. And, in many cases, you’ll save tons of frustration and irritation in the process. If your spouse helps you do the work, you’ll probably save many arguments too.

2. Many of the national tax preparation chains will prepare this form for free. Instead of paying an accountant a few hundred dollars to do your taxes, you can get this form done for free in many cases. Why not save yourself some extra money and spend it doing something fun instead?

3. The IRS can process this form faster. If you are owed a tax refund, this means you will get your refund months sooner. You’ve been giving the IRS a free loan by letting them hold onto your money for the past several months. Wouldn’t it be great to get that money back into your hands a little sooner?

Who Should File a 1040EZ?

As with all other tax forms, form 1040EZ is not one that everyone can, or even should, file. Here are some of the guidelines to help you determine if this is a form you would want to file:

• You must be single or married filing jointly.
• You must not claim any dependents.
• You and your spouse must be under the age of 65.
• You only have wages, salaries, tips, and unemployment compensation.
• Your taxable interest was not over $1,500.
• Your taxable income must be less than $100,000.
• You have not filed Chapter 11 bankruptcy within the last 6 years.
• You must not claim any student loan interest deduction.
• You did not claim any additional standard deduction for real estate taxes.
• You do not claim a student loan interest deduction.
• You do not claim an education credit, retirement savings contributions credit, or a health coverage tax credit.

While the 1040EZ is not for everyone, it works great for those it does fit. If you are interested in a quick and painless way to file your taxes, and you meet all of these criteria, consider using this form this tax season.

About Tax Form 1040ez and Tax Form 1040.

When you want to file your federal tax returns online, you may turn into a bit confused. This is because there are different forms to select from and you may not know which one is appropriate for you to file your federal income taxes. The follow income tax tips will provide you the information you need to pick the right federal income tax return forms.

Form 1040EZ, Federal Tax Return for Single and Joint Filers.

You can file the federal tax 1040EZ form if you are doing so as single or married and filing jointly or separately. You can’t utilize this form if you have people who depend on you. Also, you can't file this form if you are blind or above 65 years of age.

In addition to that, your taxable income should be below $100,000. With the form 1040EZ, there is also a limit to your credits. The only time you can file this form is when you are claim the earned income credit.

Form 1040, Individual Income Tax Return.

If you intend to itemize your deductions, you have to file form 1040. Usually, you will do this if your deductions are higher than your normal consistent deduction. Additional typical deductions are provided for blind people and taxpayers who are above the age of 65. You may be get benefit more from filing 1040A instead of 1040ez Form in few cases. There are numbers of credits available in form 1040A which can be claimed as the same credits are not available in the form 1040EZ version. Therefore one may be entitled to receive a larger refund while filing 1040 or 1040A. Let us discuss few of such provisions.

1040ez; What's New in 2011.

Future Developments: For information about any additional changes to the 2011 tax law or any other developments affecting Form 1040EZ or its instructions, go to www.irs.gov/form1040EZ.

Due date of Tax Return: File Form 1040EZ by April 17, 2012. The due date is April 17, instead of April 15, because April 15 is a Sunday and April 16 is the Emancipation Day holiday in the District of Columbia.

Earned Income Credit (EIC): You may be able to take the EIC if you earned less than $13,660 ($18,740 if married filing jointly). See the instructions for lines 9a and 9b.

Foreign Financial Assets: If you had foreign financial assets in 2011, you may have to file new Form 8938 with your return. If you have to file Form 8938, you must use Form 1040. You cannot use Form 1040EZ.

Expired Tax Benefit: The making work pay credit has expired. You cannot claim it on your 2011 return.

Mailing Your Tax Return: If you are filing a paper return, you may be mailing it to a different address this year because the IRS has changed the filing location for several areas.

Source: IRS.GOV

1040ez - Simple way to do Free Federal Income Taxes.

Basically, there are three federal income tax forms to choose from; 1040, 1040A and 1040EZ. The federal income tax forms are to be chosen according to your tax condition. If you are having simple taxes to do, you may consider the easiest tax form 1040ez. If you meet up the condition, then you will be able to file this form.

The reasons why you need to get used to with the factors which help you qualify for this easy form 1040ez. If you go through the IRS official site, you will fairly get to know about these issues from the depth. Your taxable income is something less than $100,000 then you may qualify for it. Moreover, there are certain things such as your filing status, your age and dependents can also be taken into consideration. To become eligible for federal income tax form 1040ez you need to be single, or married but filing jointly, and below the age of 65. Apart from these, you should not be blind and you are not supposed to have dependents, then only you may qualify for it.

Obviously, one may use this federal income tax form 1040ez if you have wages, qualified state program earnings, taxable fellowship grants, and unemployment compensation. However, you may check out the IRS official website to know more about the issue. Please remember that you should not have obtained advance earned income credit payment. Apart from this, you are not allowed to claim the additional standard deduction for your real estate taxes or the disaster losses.

When you choose this simple and easy form 1040ez, many typical adjustments to your income can be excluded. And therefore, it becomes easy to file this individual tax return. However, certain drawbacks are there for this federal income tax form 1040ez. Certain things like capital gain transactions, IRS deductions, some taxable social security advantages can hinder your process of filing your tax return. Yet, you can take care of all these issues wisely and filed your federal income tax form 1040ez online quickly.

If you are capable of preparing your federal income tax return on your own, you do not need to hire a Certified Public Accountant for doing 1040ez online even you do not need to get help from a professional tax preparer because it is easy to do online. However, many tax sites are now offering easy and affordable tax services which you may get benefit from.

There is an easy way to determine whether you are eligible or not for using this 1040ez Online which you can do by checking out your online tax filing authority. Somehow, you need to check out clearly before using this form. Due to less complexity, easiness and convenience, the majority of the individual taxpayers pick this federal income tax form 1040ez. If you are willing to get your tax form to be completed in timely manner, you should choose the option of online tax preparation and electronic tax filing.

Source:goarticles.com

File 1040ez Federal Income Tax Online For Free.

Would you like to prepare and e-file Federal income taxes for free? One of the best options for filing free Federal tax return is to use Free File program provided by the IRS. It is the fast, trouble-free, and free of charge mode to prepare and e-file your federal taxes. Suppose your adjusted gross income that means AGI is less than $56,000, you are qualified for this Free File program to your Federal taxes for free.

You do not have to concern much if you don’t meet the condition for being eligible for Free 2010 1040ez File program. There are many IRS approved free federal income tax preparation services you can work with. You should visit the IRS website IRS.gov to learn about the tax preparation e-filing services before select one.

One of the necessary things that you should check out while choosing a tax preparation service is whether it is IRS approved or not. You should effortlessly prepare and access your income taxes online. You can do your income taxes with Free Federal Tax due to couples of reasons apart from benefiting from Free Federal Preparation online.

You can do your 2010 1040ez tax return with no trouble us due to its easy-to-use tax software program. The tax program covers the nearly all commonly filed Federal tax forms as well as schedules. You can select, self-prepare taxes, and e-file your 1040, 1040 A and 1040EZ return. A few tax related questions are asked by the program and you have to put your answers on the correct forms. Your federal tax return is prepared without problems and rapidly and can be submitted electronically to the IRS following the step-by-step procedure. You can gain the advantage of free Federal tax filing online at just some simple clicks.

You can e-file your Federal tax return to the IRS easily with direct deposit feature that will permit you to get your tax refunds fast into your bank account. Online Federal tax filing is not only trouble-free but also can be done anytime – day & night, and anywhere in the world if you have internet access!

Benefit From Filing 1040EZ Tax Form.

There are a number of different tax filing options, depending on your foundation and amount of income. The 1040EZ is one of those options, complete available to sure individuals who meet the criteria to use it. It is vital to know if you are one of these individuals and how 1040EZ tax filing can save you both time and money.

Requirement:

The primary qualification for the 1040EZ is that you must make less than $13,660 ($18,740 if married filing jointly. You must also be less than 65 years of age. If you had foreign financial assets in 2011, you may have to file new Form 8938 with your return. If you have to file Form 8938, you must use Form 1040. You cannot use Form 1040EZ.

Benefits

There are many benefits to 1040EZ tax filing. Not only is it much earlier and easier than usual 1040A filing, it can be less costly. The IRS files the 1040EZ forms much quicker because they stick to effortlessly handle rule that allow them to method the forms that a lot sooner. In addition, with online tax preparation, 1040EZ tax filing is most frequently free and involves only answer an only some basic questions in a automated interview.

Filing 1040EZ

Procedure for filing 1040EZ begins with the common forms that may be desired. You should collect all of your W-2s, 1099s, 1099-Gs, and 1099-INTs together and ensure they are all final, correct copies. If you are filing offline, have more than one form in case you make any mistakes. If you are filing online, the software will warn you of any mistakes that have been completed. Fill in every line in the forms as requested, usually just copying the information straight from the W-2 or 1099 to your 1040EZ forms. The online forms will ask for precise numbers and give details to you what they mean.

After filing all of the necessary information, you will require to confirm your tax return with your individual information and copies of your W-2s, relevant tax information and 1099s. For online use, you will have to to only verify that all of the information you have provided is correct. Once it is perfect, your 1040EZ tax filing is complete. It can take as little as 30 minutes if finished. With the online filing you can save you time over traditional filing.

Federal 1040ez Tax Form: The Easiest Tax Form for the Individuals.

There are three basic IRS tax forms that can be considered by the individuals are Form 1040ez, (2) Form1040A and (3) Form1040. These forms are meant for the purpose of filing individual income tax return. Among these tax forms, 1040ez is the easiest and least complex one that can be used conveniently. Now, as an individual, you may wonder whether you qualify for 1040 ez form or not.

The 1040ez form is easier and simpler because many typical adjustments to the income are excluded. There are certain financial things that may prevent you using this form such as capital gain transactions-for instance the sale of stock and other property, IRS deductions, alimony received or paid, and taxable social security benefits.

Who can use this IRS 1040ez tax form? You can use this form on the condition if you have salaries or wages, unemployment compensation, qualified state program earnings, or taxable scholarship and fellowship grants. You can use this form only if you did not get any advance earned income credit payments. You can use 1040ez form when you’re not claiming the additional standard deduction for real estate taxes, qualified motor vehicle taxes or net disaster losses. If you do not meet these requirements set for this form, then you should better use Form1040A or Form1040.

Who can use this IRS 1040ez tax form? You can use this form on the condition if you have salaries or wages, unemployment compensation, qualified state program earnings, or taxable scholarship and fellowship grants. You can use this form only if you did not get any advance earned income credit payments. You can use 1040ez form when you’re not claiming the additional standard deduction for real estate taxes, qualified motor vehicle taxes or net disaster losses. If you do not meet these requirements set for this form, then you should better use Form1040A or Form1040.

File 1040ez Federal Tax Return Online For Free!

If you really wish for availing of the benefits of preparing and filing free federal 1040ez taxes, you should check out for the qualifying requirements for the Free File program offered by the IRS in collaboration with other private tax preparation software firms. For detailed information on this free filing program, you can check the IRS website at irs.gov right away and get to know all the details yourself as to how you can prepare and electronically file your federal tax return for free.

There is a qualifying requirement for Free File program which requires you having your adjusted gross income not more than $57,000 in 2011. The complete information and the necessary details are provided at the IRS website which you can go through. If you what to have a company that can prepare your federal income tax return, then you need to choose from the two possible options available namely “Help Me Find a Company” and “I Will Choose a Company”. If you opt for the first option, you will get some filtered resulted according to your age, location, AGI and your filing status whether it is joint or single.

It is quite easy to choose a company and once you’ve made your choice, you will be redirected to the company’s website leaving the IRS website. In other words, these tax preparation companies work separately from the IRS. You may not find all companies supporting all the forms and schedules for participating in Free File program and therefore, it will be wise on your part to get to know more about the company’s website and what sorts of forms they offer. Please remember that the option you choose need to be more convenient to you in all aspects to make your task faster and easier.

You can make use of the top search engines to find out the most reliable tax preparation companies available these days. It will be much easier than ever if you opt for doing your taxes on the internet using software program. Please remember that you do not necessarily require purchasing software for e-filing your income tax return. You may find the alternative which offers you free version to do filing of tax return electronically on your own way. If you are in habit of doing taxes on your own way, then there is nothing like confusions or difficulties for preparing and e-fling of your taxes. You can right away start doing free federal tax in your own way without encountering difficulties that you think to be.

Filing Form 1040ez with the IRS.

One time you have finished preparing your 1040 tax return, you mostly have two options for sending your 2010 1040ez Tax Return to the Internal Revenue Service for processing. You can mail a signed Form 1040ez to an IRS Service Center, or you can file the return electronically.

Filing electronically eliminates the data access work that the IRS has to do, and so the IRS can procedure your income tax return faster. This means you can get your income tax refund quicker and with less chances of a wait. In order to e-file your tax return, you will need to use a software program or file your return through a tax preparer, which could add to the cost of preparing your tax return.

Tips for Electronically Filing Your Form 2010 1040ez.

In order to e-file your tax return, you'll need to use a tax software program or hire a tax preparer. Here is free and low-cost software for free 1040ez filers: IRS Free File provides free access to Web-based tax preparation software. If you earn $54,000 or less, you will be able to prepare and e-file your tax return using one of the software programs that contribute in the Free File agreement.

H&R Block at home offers a free edition of their At Home Web-based software. Filing a state tax return will charge extra, however. Many states offer free e-filing as well. Check with your state tax organization to see if they offer this service.

When you e-file a free 1040ez Tax Return, you can choose one of two ways to sign your tax return. You can use a five-digit personal identification number of your choosing. You use this PIN to sign the return. Or you can mail in a signature page (Form 8453) and attach any required documents. Your software program will inform you if you need to mail in the signature page.

How To Choose Between 1040EZ And 1040

The 1040EZ & 1040 tax forms are used by those individuals who did not submit tax withholding throughout the year. They calculate the amount of taxes owed based on the income tax bracket. The main difference between the two forms is how complicated they are. Whether you are single or married filing jointly, you can use either form. You will find it easier to use the 1040EZ form if your taxes are relatively simple.

1040

The 1040 form calculates your taxable income based on a number of factors including your deductions. These deductions may be for charitable contributions, business expenses or even renter's credits. If you are planning on submitting a high amount of deductions during your income tax filing process, you should opt for the 1040 form.

1040EZ

If you are planning on taking the standard deduction for your income, then you can opt for the 1040EZ form. This form uses your earned income alone, minus any taxes you paid, to determine how much you owe come April. The standard deduction for your tax bracket will depend on your income. You will not have the opportunity to submit a high number of deductions or claims on this form. If you are filing with dependents, you need to use the 1040 form.

Where to File Addresses for Individual Taxpayers Filing Form 1040EZ.

If you live in...	and you ARE NOT ENCLOSING A PAYMENT, then use this address...	and you ARE ENCLOSING A PAYMENT, then use this address...
Florida, Georgia, North Carolina, South Carolina	Department of the Treasury Internal Revenue Service Kansas City, MO 64999-0014	Department of the Treasury Internal Revenue Service Kansas City,MO 64999-0114
Alabama, Kentucky, Louisiana, Mississippi, Tennessee, Texas	Department of the Treasury Internal Revenue Service Austin, TX 73301-0014	Department of the Treasury Internal Revenue Service Austin, TX 73301-0114
Alaska, Arizona, Arkansas, California, Colorado, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin, Wyoming	Department of the Treasury Internal Revenue Service Fresno, CA 93888-0014	Department of the Treasury Internal Revenue Service Fresno, CA 93888-0114
Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia	Department of the Treasury Internal Revenue Service Kansas City, MO 64999-0014	Department of the Treasury Internal Revenue Service Kansas City, MO 64999-0114

Federal 1040ez – Tax Deduction Tips to Consider.

When it comes to filing your taxes, you need to be careful for little issues if you want to make your tax return effort-free. Suppose you used Federal 1040ez form last year and still you received another one in the mail for the current year, then you need not use this form again. You may not be able to use this form any longer if your situation has changed considerably.

Please note that federal tax 1040ez form is for those who have a straight forward and uncomplicated tax situation, and there is no room for itemized deductions. You can only consider deducting more general things. If you want to itemize deductions, then you should better make use of the form 1040A.

You can use the form 1040ez only when you do not claim any dependents and you do not go for claiming a deduction for certain cases like educator expenses, tuition fees, or student loan interest deduction. Moreover, just forget claiming the education credit, health insurance credit, or retirement savings contributions credit. You can use it as long as you meet all the criteria just as not owing any household employment taxes on wages paid to a household employee.

Compared to other forms this is one of the easiest and uncomplicated, you may still make mistakes if you overlook certain minor things. Suppose you input all the possible deductions and you still owe, then it would be better to check out to the “United States Treasury” to complete your taxes for the current year.

The Form 1040EZ is very easy in real sense of the term. It is designed to exclude many typical adjustments to your income. You may use this form if you meet the following requirements:

• Your taxable income should be less than $100,000.


• Your interest income is less than $1,500.


• Your filing status is single or married filing jointly.


• You and your spouse are not blind and below age 65.


• You cannot claim any dependents.

Line Instructions for Form 1040EZ.

Introduction

IRS e-file takes the guesswork out of preparing your return. You may also be eligible to use Free File to file your federal income tax return. Visit www.irs.gov/efile for details.

Name and Address

Use the Peel-Off Label

Using your peel-off name and address label on the back of this booklet will speed the processing of your return. It also prevents common errors that can delay refunds or result in unnecessary notices. Put the label on your return after you have finished it. Cross out any incorrect information and print the correct information. Add any missing items, such as your apartment number.

Address Change
If the address on your peel-off label is not your current address, cross out your old address and print your new address. If you plan to move after filing your return, use Form 8822 to notify the IRS of your new address.

Name Change

If you changed your name because of marriage, divorce, etc., be sure to report the change to your local Social Security Administration office before you file your return. This prevents delays in processing your return and issuing refunds. It also safeguards your future social security benefits. See page 27 for details. If you received a peel-off label, cross out your former name and print your new name.

What if You Do Not Have a Label?

Print the information in the spaces provided. If you filed a joint return for 2006 and you are filing a joint return for 2008 with the same spouse, be sure to enter your names and SSNs in the same order as on your 2006 return.

P.O. Box

Enter your P.O. box number only if your post office does not deliver mail to your home.

Foreign Address

Print the information in the following order: City, province or state, and country. Follow the country's practice for entering the postal code. Do not abbreviate the country name.

Social Security Number (SSN)

An incorrect or missing SSN can increase your tax or reduce your refund. To apply for an SSN, fill in Form SS-5 and return it, along with the appropriate evidence documents, to the Social Security Administration (SSA). You can get Form SS-5 online at www.socialsecurity.gov, from your local SSA office, or by calling the SSA at 1-800-772-1213. It usually takes about 2 weeks to get an SSN once the SSA has all the evidence and information it needs.

Check that your SSN on your Forms W-2 and 1099 agrees with your social security card. If not, see page 27 for more details.

IRS individual taxpayer identification numbers (ITINs) for aliens. If you are a nonresident or resident alien and you do not have and are not eligible to get an SSN, you must apply for an ITIN. For details on how to do so, see Form W-7 and its instructions. It usually takes about 4-6 weeks to get an ITIN.

If you already have an ITIN, enter it wherever your SSN is requested on your tax return. ITIN is for tax use only. It does not entitle you to social security benefits or change your employment or immigration status under U.S. law. Nonresident alien spouse. If your spouse is a nonresident alien, he or she must have either an SSN or an ITIN.

Who All Qualifies to File 1040EZ?

1040ez Federal Tax Return form is the normal income tax form for those, married couples, and people filing below different other filing statuses. Though, lots of United States tax payers fall into a category whose tax legal responsibility calculations are so easy that the condition warrants a smaller, more-compact, and easier to recognize alternative to the complex 1040. The 1040ez, as its name implies, is a much easy version of the 1040. However, qualify to file this form require some firm rules and strategy. The IRS's current progressive tax liability requires all citizens and some tenant and non-resident aliens to file and pay income taxes by standard tax forms. The 1040es is really a sub-form under the 1040 that allows tax payers to use a simpler, user-friendly form in lieu of the much weightier standard 1040.

To be eligible for the 1040ez, several criteria must all be met? The tax payer’s filing status must be either single or married filing jointly. Non-resident have to be married filing jointly to use 1040EZ. Tax payers must not be claiming any dependents and no claims to any adjustments to income are allowed. Only the Earned Income Credit and the revival refund Credit may be claimed. Qualifiers for the 1040EZ must be under 65 and not blind at the end of the tax year. There is one aspect to age that is important for people near 65 years of age. Suppose that the tax year in question is 2009. People born on January 1st, 1945 are considered to be 65 years old at the end of that year.

For those who qualify, the 1040EZ is a welcome option to the bulky 1040 Federal Incomes Tax form. However, qualifying for the 1040EZ can be difficult with its many restrictions and policy. For most tax payers, the best solution is to check the 1040EZ instructions and walk through the list of experience. If all are met, continue with the form. If not, check the 1040 to make sure qualifications are met there. Usually they are met because the 1040 form is the standard form for all tax payers in normal situations.

Federal 1040ez- Fast and Simple Tax Return Filing.

Possibly you can pace up your income tax filing knowledge and decrease largely pressure of the Tax period. Who can use the 1040ez and what does it get to plug it away?

The 1040ez form can only be used by taxpayers with an easy tax situation. It can be used by individuals or married couples who filing a single tax return. The 1040ez does not agree for the claiming of dependents, so it is not a suitable option for family with kids or other dependents. The 1040ez can’t be use if your earnings exceed $100,000 or if you maintain any dependents. No individualized or itemize credits or assumptions are allowable on the form 1040ez, keep for the earned earnings credit.

Who must use the 1040ez? It is a best tax answer for young people, pretentious they do not need to maintain teaching credits if in university. It can also be an appropriate answer for singles or married couples who do not have a home or claim kids as dependents. If itemized deductions are useful for your tax condition, the 1040ez is not a fine option. You will require your W-2 forms and individual information to file the form.

The 1040ez might make simpler your income tax filling this year, if you are one of the lots of Americans who fit the qualifications for it’s apply. If you do not meet up the qualifications for the 1040ez, you will, of course, need to move on to filing the standard 1040 form.

1040EZ information for Filing Income Tax.

Federal Tax 1040EZ form is easy and trouble-free to use. This form is normally used for salary earners that are employing and their income is reported on Form W-2 pay and Tax report. If earnings report on a 1099 Form or other type of income form, 1040EZ cannot be used. Form 1040EZ should only be used if the taxpayer is using the normal assumption.

The form is a single page that has two parts to shape income tax. The first part reports earnings and the second section reports taxes withheld credits, and the real tax. The base portion is broken up into two sections. The first part is for the tax refund amount and the other part for taxes owned. The following information is based on Form 1040EZ for the 2010 tax year.

2010 1040EZ Form payable revenue part

The income part consists of six lines. All six lines are used to decide taxable revenue. The following are the income lines on the 2010 1040EZ Form.

* Line 1 – Earnings

* Line 2 – Taxable notice

* Line 3 – Unemployment compensation

* Line 4 – Adjusted gross revenue

* Line 5 – Assumption and exclusion

* Line 6 – Taxable income

Form 2010 1040EZ Costs, Credits, and Tax

This part of the form is used to figure the real tax total and to decide whether the taxpayer gets a tax refund or owe more in duty. The payment credits and tax part of 2010 1040EZ Form consists of five lines.

* Line 7 – Taxes withdrawn

* Line 8 – Make work pay credit

* Line 9 – Earned income credit

* Line 10 – Total costs and credits

* Line 11 – Tax

Filing 1040EZ Online with the IRS.

Lots of people are eligible to use the 1040ez form. It will be easy and less time-consuming for you, and quicker for the IRS to process. Form 1040ez is maybe the right tax form for you to fill out if you don't have any kids or dependents, do not own a home or did not attend school. Once you have finished preparing your income tax return, you typically have two options for transfer your income tax return to the IRS for processing. You can mail a signed Form 1040ez to an IRS Service Center, or you can file 1040ez tax return online.

Tips for Online 1040EZ Filing.

In order to e-file your tax return, you will need to use a tax software program or appoint an income tax preparer. Here are some free and inexpensive software options for 1040EZ filers: IRS Free File provides free access to Web-based tax preparation software. If you get $57,000 or less, you will be able to prepare and e-file your tax return using one of the software programs that participate in the Free File agreement.

H&R Block provides free tax preparation and free e-filing for a federal return. The software is designed only for the simple tax situations, such as Form 1040EZ, and filing a state tax return charge extra.

Choose the appropriate Income Tax Form.

If you file online, you do not have to worry about choosing the best tax form to use when filing your tax return, because the program chooses it for you. If you file on paper, be sure to use the best tax form for your needs because it will save you from corrections and delays.

You may want to use IRS Income Tax Return 1040EZ if your taxable income is below $100,000, and your filing status is Married Filing jointly or Single, and you and your partner are under age 65 and are not blind, and you are not claiming any dependents on your tax return, and your interest income is $1500 or less, and you are not claiming the extra typical deduction for real estate taxes, disaster losses, or taxes on a new motor vehicle.

You may want to use 1040A if your income is under $100,000, and you have capital gains distributions, and you claim deductions for Individual Retirement Account contributions, student loan interest, educator expenses or higher education tuition and fees, and certain other tax credits.

If you can't use the 1040EZ or the 1040A, you will probably need to use Form 1040, particularly if your taxable income is $100,000 or more, and you itemize tax deductions, and you are reporting income from self-employment, and you are claiming income from the sale of property.

Remember that if you choose to use desk top or online tax software to file your income tax return online, you will not have to build any of this out on your own and your income taxes will be trouble-free to do and cost a lot less than using a professional to prepare your tax return.

Checklist for Using 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 1040 EZ, which is the shortest form and by far the least complex of all the forms.

The Form 1040EZ was designed to be very simple, and therefore is designed to exclude many typical adjustments to income. However, even if you can use Form 1040 EZ, it may be of greater benefit to you to consider itemizing your tax deductions by using Form 1040. You would be able to benefit by itemizing if your itemized deductions exceed the standard deductions. The standard deduction is $5,700 for most single people and $11,400 for most married people filing a joint return.

Checklist for Using Form 1040EZ

You can use Form 1040EZ if all the items in this checklist apply.

* Your filing status is single or married filing jointly. If you were a nonresident alien at any time in 2010.

* You do not claim any dependents.

* You do not claim any adjustments to income.

* You claim only the earned income credit and the making work pay credit.

* You (and your spouse if filing a joint return) were under age 65 and not blind at the end of 2010. If you were born on January 1, 1946, you are considered to be age 65 at the end of 2010 and cannot use Form 1040EZ.

* Your taxable income (line 6 of Form 1040EZ) is less than $100,000.

* You had only wages, salaries, tips, taxable scholarship or fellowship grants, unemployment compensation, or Alaska Permanent Fund dividends, and your taxable interest was not over $1,500.

* You did not receive any advance earned income credit payments.

* You do not owe any household employment taxes on wages you paid to a household employee.

* You are not a debtor in a chapter 11 bankruptcy case filed after October 16, 2005.

* You do not figure your standard deduction using Schedule L.

Source: IRS.GOV

E-File Free Federal 1040ez Tax Return - Easy and Faster Way.

As there are online tax filing services are accessible, paying taxes has become easy and suitable. The IRS provides you with free federal tax return service that lets you do your taxes for free but the only thing is you need to qualify for it. Anyone whose income is less than $57,000 can be eligible for Free File program and file taxes for free. You can e-file your state or Federal 1040ez tax return for free using online tax return services if you are not eligible for free file program offered by the IRS.

The IRS has introduced a well option for doing taxes online. You can happily E-File 1040ez Tax Return and pay for it later if you owe something on your income taxes. IRS e-file allows you to file both state and federal tax return online at the same time. This really makes the task purpose faster. The majority of the taxpayers have been choosing to file their return electronically because it is easier, faster, and convenient than paper filing process.

You can do taxes on your own because using online tax software because it is not as complex task as paper filing. It only requires filling out online forms using relevant information asked by the software. You can also claim certain tax deductions and credits using inbuilt deduction search tool in the software. Unlike paper filing, the whole process of doing taxes online is very simple. If you have access to internet and have free tax software, you can file your return from your home at anytime you please. In this way, online tax filing is really convenient and hassle-free option of paying taxes.

Free Federal Income Tax Return Service.

When the tax time is around you and you need taking care of your Federal tax return within a short span of time, then you have no more powerful and reliable option than doing it online. Federal 1040ez tax returns can be prepared and filed online for free. The IRS is the right source for all sorts of information connected to taxes which can be viewed at irs.gov website at anytime you please. You may increase the chances of getting your refunds rapidly and carefully if you prefer to total your federal taxes online.

During the tax time, all are busy making the efforts in the direction of getting their taxes done before the deadline. All activities related to preparing taxes bear stress and headache because it is not a pleasing task to do paperwork. But when it comes to doing 1040ez Federal income tax online, you may find it easy and trouble-free. You do not have to pass through the stress-full experiences associated with various tax forms. All the complex calculations and math will be taken care of by tax software you choose to work with online.

You can consider using online free software or getting helps from the companies that offer tax preparation and e-filing options if you are not filing a simple 1040EZ form. The best option you can think of is Free File option provided by the IRS in association with some private software companies. If your Adjusted Gross Income (AGI) does not exceed $57,000, you are eligible for using this tax software for free. Also there are many companies offering e-filing option for free. If you visit the IRS website, you will easily search reliable company with the help of "Help Me Find A Free File Company".

The IRS providers you a fine opportunity to prepare and e-file your federal income tax return online for free using Free File Program. If you are willing to benefit from this opportunity, you need to be eligible and the condition is your adjusted gross income should not be more than $57,000 in 2009. Yet, there is no dearth of free and affordable IRS approved tax preparation and e-filing companies which may grab your attentions during the tax season. Find the right Federal tax preparation and electronic filing company available these days. You may consider direct deposit option at the time of e-filing your return with a view to get your IRS refund quickly into your bank account!

File Federal 1040ez Tax Return Online.

IRS Tax form 1040 is use to file the income tax return for individual. You can be single or married who is filing a common tax return with your other half. Depending on your tax filing status, your dependents and your annual income the form could be 1040EZ or 1040A.

You can find the form your local post office, or the IRS or state tax office nearby to you, or might be downloaded from the website of IRS. Before you start filling tax form 1040 make sure that you have all the supporting forms like W2, 1099MISC, W4 etc. Document W4 is the "Employees' Withholding Allowance Certificate". By filling up this form, your employer could deduct the tax on your income from your pay monthly and pay to IRS. W2 is for wage and tax statement.

First step in preparing the text number 1040 is to fill in the details such as name, address, social security number, whether you are single or if married, whether individual or joint filing. Always make sure to enter the correct social security number or your return will be filed under someone else's social security number. Then comes the income section. All the income you earned in that particular year has to be filled in. All the forms that show your income is required here. W2, W4 etc are supporting documents for your income.

Form 1040EZ was developed and introduced by IRS department as easy version of form 1040. There are three basic from to choose while filing your tax return; Form 1040, Form 1040A and Form 1040EZ. 1040EZ edition is not only the simplest version among the three but also the through 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.

What's New for Federal 1040ez in 2010 Tax Season?

Due date of Tax Return: File Form 1040ez by April 18, 2011. The due date is April 18, instead of April 15, because of the Emancipation Day holiday in the District of Columbia—even if you do not live in the District of Columbia.

Earned income credit (EIC): You may be able to take the EIC if you earned less than $13,460 ($18,470 if married filing jointly).
Expired Tax Benefits: The following tax benefits have expired.

* The exclusion from income of up to $2,400 in unemployment compensation. All nemployment compensation you received in 2010 is generally taxable.

* Extra $3,000 IRA deduction for employees of bankrupt companies.

* Certain tax benefits for Midwestern disaster areas, including the additional exemption amount if you provided housing for a person displaced by the Midwestern storms, tornadoes, or flooding.

Repayment of First-time Homebuyer Credit: If you claimed the first-time homebuyer credit for a home you bought in 2008, you generally must begin repaying it on your 2010 return. In addition, you generally must repay any credit you claimed for 2008 or 2009 if you sold your home in 2010 or the home stopped being your main home in 2010.

Disclosure of Information By Paid Preparers: If you use a paid preparer to file your return, the preparer is allowed, in some cases, to disclose certain information from your return, such as your name and address, to certain other parties, such as the preparer’s professional liability insurance company or the publisher of a tax newsletter.

Preparer e-file Mandate: A new law requires some paid preparers to e-file returns they prepare and file. Your preparer may make you aware of this requirement and the options available to you.

Mailing Your Tax Return: If you are filing a paper return, you may be mailing your tax return to a different address this year because the IRS has changed the filing location for several areas.

1040ez – Federal Income Tax Return Form.

Each American that earns more than a particular amount of money is necessary to file income tax returns by law. All taxpayers have to file a tax return every year with the IRS, the US government organization that handles federal income taxes. They might be compulsory to file form 1040ez federal income tax returns with the state tax organization too. The US tax organization is based on the standard of self-assessment.

The IRS demands federal tax return 1040ez on the base of an individual's non-immigrant visa statues and their dependents. These filing requirements differ according to whether the student, scholar, or dependent is measured a resident or a non-resident for federal income tax purpose. There are various sources available, which help a person to decide the exact status for tax filing forms 1040ez for federal tax return.

There are a number of dissimilar tax filing options, depending on your cause and quantity of income. The 1040 EZ is one of those options, made available to certain individuals who meet the criteria to use it. It is vital to know if you are one of these individuals and how federal 1040ez tax filing can save you equally time and money.

There are lots of benefits to 1040 ez federal tax filing. Not only is it a lot quicker and easier than usual 1040A filing, it can be not as much of costly. The IRS files the 1040ez forms much quicker because they hold to simply handled rule that agree to them to procedure the forms that a lot sooner. In addition, with online tax preparation software, federal 1040EZ tax filing is mainly often free and involves only answering a few basic questions in a computerized interview.

Know About Federal 1040ez.

Form 1040EZ was urban and introduce by internal Revenue Service (IRS) department as simpler (easy) edition of form 1040. There are three basic from to choose 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.

Using the 1040EZ form truly very easy and straight forward and that is why so lots of public actually like the form. When filling out the form you should do the primary breeze in pencil and then trace over it in pen so that you are certain you have filled out everything properly. As easy as the form is compared to other tax form, you can still make mistake and it is a fine idea to go gradually and do things in pencil so you can make changes if desirable, when you exact your work.

There are some reasons to use the 2010 1040ez form. One of them is that it is a lot quicker and easier to file, which means the IRS will process it faster and you will get your tax refund sooner. Lots of people be eligible for the 1040 ez, so check and see if you do.

The simple method to file the form 1040 ez rapidly and simply is to get your W-2s, 1099s, 1099-G, and 1099-INT statements jointly. You may want to found out with two of the 1040ez forms so that you can do with one and then have a final copy for another. You will also want to have a copy of the instructions and read them very carefully. This form is trouble-free to fill out, just make sure you read the information so you know you do it properly.

If you meet up the following criteria, you might be qualified to file with a basic tax form - and save manually lots of time and currency! If you are able to answer YES to all of the following and you can use a 1040Ez form:

* Is your payable income below $100,000?

* Will you be filing Single or Married Filing Jointly?

* Are you under age 65?

* Do you have no dependents?

* Was your interest income a total of $1,500 or less?