Frank Ellis, a Traverse City Tax Preparation Planner and published author who is recognised for his high-flying deeds in the field of tax and finance related articles proudly announces the new article that is now available on their website. The article sheds light to all the important information about 1040EZ tax form.
Every US taxpayer is required to file an annual US Individual Income Tax return to comply and report all earnings and tax liability with the Internal Revenue Service (IRS). 1040EZ is much shorter to fill out and can be e-filed or a printable version can be prepared and mailed to the IRS.
The article further describes what 1040EZ tax form is all about. IRS offers three different forms: Form 1040, Form 1040A and Form 1040EZ for taxpayers to file their Individual Income Tax Return. The Form A is a hybrid of the Form 1040 and Form 1040EZ while Form 1040EZ is a very simplified version of the tax return and the Form 1040A allows for additional adjustments to income and credits available.
In addition, the article establishes the conditions a taxpayer must meet in order to qualify to file the Form 1040EZ. Some of the condition includes that the taxpayers filing status must be single or married filing jointly, the taxpayer cannot claim any dependents, the taxpayer must be under age 65 and must not be blind at the end of the tax year, the taxpayer’s taxable income (line 6 of Form 1040EZ) must be less than $100,000 and several other conditions.
How to get a 1040ez form online is also made simplified, different software that makes the task easy are explained in the article. For instance, a taxpayer can also use TurboTax; a software by Intuit, one of the leaders in tax software. TurboTax software is free and very easy to use and available to any who qualifies to file a Form 1040EZ. Anyone that qualifies to file form 1040EZ can make use of the TurboTax Federal Free software to prepare and file return.
As complex as the US tax brackets can be, the Form 1040EZ is one method of simplifying tax returns for middle to low class individuals giving them a great relief in time and money.
To learn more about the 1040EZ tax form, go to http://nationaltaxreports.com/what-is-irs-1040ez-tax-form/