Tax Forms Elmhurst NY

The time is just about right to file for income taxes. The deadline is April 15th, and you should do what you can to avoid missing the deadline. Otherwise, you end up having pay penalties, which is totally unnecessary. When filing for individual income tax, there are 3 types of forms that you can use. Be sure to pick the right form.

Local Companies

Thomas Nicholas Glushko
917-777-4369
1 Battery Park Plz 34th Fl
New York, NY
Stephen Xavier Wright
212-441-1637
199 Water St
New York, NY
Burton M. Zwiebach
718-997-5470
6530 Kissena Blvd
Flushing, NY
Jeremy Shayn Sloan
212-902-5667
85 Broad St Fl 17th
New York, NY
Francesca Victoria Naso
212-261-8001
750 7th Ave
New York, NY
Eslyn Rosemarie Tripuraneni
9731 101st Ave
Ozone Park, NY
Arthur S. Levine
310 E 70th St
New York, NY
Stefanie Gatti
36 E 36th St Apt 10k
New York, NY
Christopher C. Warren
212-454-2123
345 Park Ave Fl 27th
New York, NY
Michael Aidan O'Connor
212-552-1693
1 Chase Manhattan Plz Fl 26th
New York, NY
Data Provided by:
  

Provided By:

1040Ez - Choose The Right Forms To Use When Filing For Taxes

Author: Gen Wright

The time is just about right to file for income taxes. The deadline is April 15th, and you should do what you can to avoid missing the deadline. Otherwise, you end up having pay penalties, which is totally unnecessary. When filing for individual income tax, there are 3 types of forms that you can use. Be sure to pick the right form.

1) 1040 EZ

This is perhaps the most commonly used form. You can use this form if:

- Your income is less than $100k

- You are filing as a single, or you are filing jointly as a married couple

- Both you and your spouse are under the age of 65, and both of you are not blind.

- There are no dependents in your claim.

- You earn less than $1,500 in interest income.

2) 1040 A

- Your income is less than $100k

- You have capital gains to declare.

- You are claiming certain tax credits.

- You claim deductions for special items (e.g. student loan interest, tuition fees, etc)

If you don't fall into either one of the categories above, you probably need to fill in the 1040 form.

3) 1040

- Taxable income is above $100k

- There is income from sale of property.

- There are tax deductions.

- You have self employed income to declare.

Choosing the right form to use is important because if you make mistakes when filing for your tax returns, you will be asked to file again. Of course, if you file early enough, you may still be able to meet the April 15th deadline. But if there is not enough time, you may have to meet the October 15th deadline. For the second deadline, penalties apply. So you want to avoid being in this situation.

One way to file quickly and get the job done well is to efile. When you efile, the information you submit is sent directly to the IRS for processing. The process can take between 7 to 10 days. If you qualify for income tax refunds, the funds can be deposited directly into your bank account. The entire time frame, from the point you submit your tax returns, to the time you get the cash in your account, is only about 14 days. This speed is impossible to achieve if you choose the manual filing route.

On an authorized efile website (look out for the IRS logo), there will be a list of supported forms. Of course, all the commonly used forms are supported - 1040EZ, 1040A, 1040, etc. To efile, just create an account with your SSN number. Once an account is created, you can use back the same account to efile again.

Login with your password and user name (your SSN number) and the efiling process will begin. Simply follow the instructions to complete the filing.About the Author:

Learn more about 1040ez and filing tax return from our website.

Article Source: http://www.articlesbase.com/credit-articles/1040ez-choose-the-right-forms-to-use-when-filing-for-taxes-790785.html

Related Articles
- Financial Statement Creation Elmhurst NY
In every business, financial statements and financial statement creation are important in making it successful. A good financial statement will allow you time, cut down on extra unneeded paperwork, and it will be much easier when tax season approaches. Financial statement creation can also be helpful when more than one business partner is involved so all financial items are in one place for everyone to see.
- Personal Loans Guide Elmhurst NY
- Investment Property Mortgages Elmhurst NY
- Tax Preparation Timeline Elmhurst NY
- Education Loans Elmhurst NY
- Negotiation a Delay in Loan Payments Elmhurst NY
- Disability Insurance Elmhurst NY
- Management of Income Elmhurst NY
- Getting Money for College Elmhurst NY
- Tax Professionals Help Avoid Tax Debts Elmhurst NY