Tax Forms Wantagh 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

Sidney Bender
516-357-3634
600 Old Country Rd Ste 241
Garden City, NY
Jeffery L. Sena
516-739-1584
106 Garden St
Garden City, NY
Mark John Connolly
516-319-0796
30 Corchaug Ave
Port Washington, NY
Barbara Ann Marra Dower
516-336-5970
1325 Franklin Ave Ste 540
Garden City, NY
Richard Mark Klapow
8 Fieldstone Ln
Great Neck, NY
Dennis James Wiley
516-877-7000
1100 Franklin Ave Ste 401
Garden City, NY
Daniel B. Posner
2945 169TH ST
FLUSHING, NY
Teresa A. White
631-851-0088
140 Fell Ct Ste 303
Hauppauge, NY
Camy Tribeni Narain
718-845-5840
11023 Rockaway Blvd
South Ozone Park, NY
Joseph A. Calamari
718-990-6009
8000 Utopia Pkwy
Jamaica, 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
- Investment Property Mortgages Wantagh NY
Obtaining investment property mortgages is essential if you want to grow your property management business and become a successful landlord. Fortunately working with a mortgage lender doesn't have do be an impossible challenge as long as you prepare well and know what to expect ahead of time.
- Tax Professionals Help Avoid Tax Debts Wantagh NY
- Management of Income Wantagh NY
- Personal Loans Guide Wantagh NY
- Education Loans Wantagh NY
- Financial Statement Creation Wantagh NY
- Tax Preparation Timeline Wantagh NY
- Disability Insurance Wantagh NY
- Getting Money for College Wantagh NY
- Negotiation a Delay in Loan Payments Wantagh NY