Every year paying federal tax in the United States is obvious and therefore, it is essential to pay your taxes before the deadline to avoid getting penalized. There are variant categories of tax forms which you have to deal with according to your requirements. If you are about to file individual income tax return, then there are three forms available for you from the Internal Revenue Service; Form 1040ez, Form 1040A and Form1040. If you are looking for the easy and least complex one, you should go for Federal 1040ez form which is also known as easiest tax form.
Before you start filing this one, you need to first consider whether you are eligible for it or not. There are several 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. Suppose, your taxable income is something less than $100,000, 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 be eligible for federal 1040ez form 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 to efile Federal 1040ez tax form.
Once you are ready to prepare your federal 1040ez and if you are capable of doing completing your tax return on your own, you do not have to hire a Certified Public Accountant and for doing 1040ez online, you need not getting help from a professional tax preparer because it is easy to do online. However, Federal1040ez.com is offering you a free service for preparing and filing your Federal 1040ez absolutely free.
It really doesn’t matter what type of form you filed in prior years, as long as you are eligible to use Form 1040EZ for your recent tax return. In a case, if you owe to IRS, you can send in the payment at a later date. However, you need to be aware that there are penalties and interest if you pay past the April 18th deadline. When you’re filing your tax return online, you are given the freedom to start filing your federal 1040ez at work and then go home to finish your tax return using a different computer. It doesn’t matter which computer you use, as long as the computer meets the website’s minimum system requirements.