subject: Who Can File Form 1040EZ? [print this page] If you are deciding which 2009 individual income tax return you should file then there are three main IRS tax forms that you can consider. These forms are Form 1040, Form 1040 and Form 1040EZ. This article will mainly focus on Form 1040 EZ as it is least complex as well as shortest form.
These forms are Form 1040, Form 1040 and Form 1040EZ. This article will mainly focus on Form 1040 EZ as it is least complex as well as shortest form.This form is very simple and thus it is designed or excludes many adjustments to an individual's income.
This form is very simple and thus it is designed or excludes many adjustments to an individual's income. Some of the most common attributes of financial activities that will avoid you from using the Form 1040 EZ are:-
Sole proprietorships
Alimony paid or received
IRA deductions
Taxable Social Security benefits.
You are eligible for form 1040 EZ, if you meet the following criteria.
When your taxable income < $100,000.
While filing tax, your status is married filing jointly or single.
Your spouse and you are under the age of 65.
You do not claim for any dependents.
Your interest income is less than or equal to $ 1500.
Apart from the criteria mentioned above, you need to fulfill the following conditions also.
You only have taxable scholarship, wages, fellowship grants, salaries etc.
You do not have any advance earned income credit.
You are not claiming the additional standard deduction for real net
disaster losses, estate taxes or qualified motor vehicle taxes.
You are not a debtor in a Chapter 11 bankruptcy case
If you are unable to meet the requirements above then you need to fill form 1040A or form 1040.
