Some taxpayers brought ACA problems on their own heads by using the simple 1040-EZ
tax form to file their returns, even though the IRS does not let taxpayers who receive premium tax credits use the 1040-EZ
It also addresses the new lines for reporting ACA information on Forms 1040, 1040-A and 1040-EZ
Whether you received one W-2 and are reaching for the 1040-EZ
or are buried in a more complicated form, tax preparers are busily preparing for crunch time.
5 hours in record-keeping, studying the law and preparing and sending their forms for the 2006 tax year, including both those using the 1040-EZ
form and those using longer forms.
Essentials varies, with links to subsidiary webpages for Forms 1040-EZ
, 1040A, and 1040, 2005 tax rates, and hurricane tax relief.
Among the proposals to streamline regulation, the EPA is looking at a "self-compliance" procedure that would allow some printing businesses to fill out a form as simple as the 1040-EZ
income tax return, said Frank Furthermore of EPA's office of compliance.
Users looking to file electronically should check out the company's test program for filing 1040-A and 1040-EZ
This program is limited to Ohio taxpayers eligible to file form 1040-EZ
who have not moved since they received their labeled returns from the IRS.
This year, most individuals and families should be able to cope with Patient Protection and Affordable Care Act (PPACA) tax reporting requirements by checking the "full-year coverage" box on line 11 of Form 1040-EZ
, line 38 of Form 1040A or line 61 of Form 1040.
The forecast for CY 2009 includes an adjustment to reflect the estimated net impact of the downturn and the Federal response, resulting in a slight marginal projected decrease in the number of Forms 1040, 1040A, and 1040-EZ
filed in the near term.
For example, 23 million single taxpayers who filed form 1040-EZ
last year can file returns this year with a phone call of less than 10 minutes; some 3 million will have done so by Monday night.
Similarly, Forms 1040-A, 1040-EZ
, 2210, and 1040-ES are often not available.