
Missed the tax deadline? Here’s what you should do
If you haven’t filed your taxes yet, don’t panic — but act fast.
You need to understand what Form 1040EZ is. Here’s what to know.
Form 1040EZ is the shortest and easiest form that a person or couple can use to file federal income taxes. Anyone who fits the criteria set forth by the IRS is eligible to use it.
The IRS has a list of criteria that one must meet before filing Form 1040EZ. They are:
Anyone filing income taxes who does not meet the list of criteria much file either a Form 1040 or Form 1040A. For most individuals, Form 1040EZ is what they use the first time they file taxes for a part-time or summer job in high school or college.
As they age, get married, start a career or make investments, they move on to more complicated forms.
Form 1040EZ is easy to fill out and only has four sections that require information. They are:
Need help with your income taxes? Visit our tax center to find everything you’re looking for.
If you haven’t filed your taxes yet, don’t panic — but act fast.
Typically, taxpayers have two options: Take the itemized deductions or take the standard deduction.
Regardless of what may cause a person to miss the tax-filing deadline, there are potential consequences.
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