Guidance from the IRS
Topic 352 - Which Form – 1040, 1040A or 1040EZ?
If all of the following conditions are met you are eligible to use our BASIC Package which includes 1040EZ.
- Your filing status is single or married filing jointly
- You claim no dependents
- You, and your spouse if filing a joint return, were under age 65 on January 1, 2010, and not blind at the end of 2009
- You have only wages, salaries, tips, taxable scholarship and fellowship grants, unemployment compensation, qualified state tuition program earnings, or Alaska Permanent Fund dividends, and your taxable interest was not over $1,500
- Your taxable income is less than $100,000
- 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 owe any alternative minimum tax
- You do not claim a student loan interest deduction, an educator expense deduction, or a tuition and fees deduction, and
- You do not claim an education credit, retirement savings contributions credit, or a health coverage tax credit
If you file Form 1040EZ, you cannot itemize deductions or claim any adjustments to income or tax credits (other than the earned income credit.)
If you do not meet the above conditions then our Premium Package is right for you.
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