About Tax Form 1040ez and Tax Form 1040.

When you want to file your federal income tax returns, you might become a bit confused. This is because there are different forms to select from and you may not know which one is suitable for you to file your taxes. The following tax helps direct will give you the information you need to choose the right tax forms.

2010 1040EZ, Income Tax Return for Single and Joint Filers.

You may file the 1040EZ form if you are doing so as single or married and filing jointly or independently. You cannot use 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 2010 1040EZ, there is also a limit to your credits. The only time you can file this form is when you are claiming 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 ordinary standardized deduction. Additional typical deductions are provided for blind people and taxpayers who are above the age of 65. You might 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 2010 version. Therefore one may be entitled to receive a larger refund while filing 1040 or 1040A. Let us discuss few of such provisions.

File 2010 1040ez Federal Income Tax Online For Free.

Would you like to prepare and e-file 2010 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!

Filing 2010 1040ez Form 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.

Instructions for Form 2010 1040EZ

IRS has designed the instructions to make your tax return filing as easy and obvious as possible. IRS did this by arranging the instructions for Form 2010 1040EZ preparation in the majority helpful order.

• Section 2— Filing necessities will help you choose if you even have to file.
• Section 3— Line Instructions for Form 1040EZ 2010 follows the major sections of the form, starting with “Top of the Form” and ending with “Signing Your Return.” Cut-outs from the form connect the instructions visually to the form.
• Section 4— After You Have finished gives you a checklist to help you complete a correct tax return. Then we give list to help you complete a correct return.
• Section 6— Getting Tax Help has topics such as how to get tax help and tax products, getting refund information, and useful tax facts.

Source: IRS.GOV

Before You Start to File 2010 1040ez Form.

Even if you can use Form 1040EZ, it may benefit you to use Form 1040A or 1040 instead. For example, you may qualify for an increased standard deduction only if you file Form 1040A or 1040.

What's New for 2010?

Due date of 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 unemployment 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. See Form 5405 for details. If you have to file Form 5405, you must file Form 1040. You cannot file Form 1040EZ.

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

Source: IRS.GOV

Checklist for Using Form 2010 1040EZ.

You can use Form 2010 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, see Nonresident aliens below.
• 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.
• If you earned tips, they are included in boxes 5 and 7 of your Form W-2.
• 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.

If you do not meet all of the requirements, you must use Form 1040A or 1040.

Source: IRS.GOV

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