Tax Tip: Which Form --1040, 1040A, or 1040EZ?
If you cannot use Form 1040EZ or Form 1040A, you probably need a Form 1040. You can use the 1040 to report all types of income, deductions, and credits. You may have received a Form 1040A or 1040EZ in the mail because of the return you filed last year. If your situation has changed this year, it may be to your advantage to file a Form 1040 instead. For example, you may pay less tax by filing a Form 1040 because you have enough deductions to itemize this year.
Remember, choosing the correct tax form could mean money in your pocket. Check your tax instructions carefully. Publication 17 , "Your Federal Income Tax," is a helpful guide to preparing your Federal tax forms. To obtain a copy in the mail, call the IRS at 1-800-829-3676.
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This daily Tax Tip has been provided by the IRS