Which form should you use to file your federal income taxes? These days, most people sfotware and e-file their tax forms or have a tax preparer. It’s easy, because tax software or your preparer selects the right form for you. If you file on paper, you’ll need to pick the right form to use.
Before you decide, check out IRS Free File on IRS.gov. It has free tax software or a Fillable Forms option that allows you to fill in your tax forms using a computer. You can e-file the completed forms for free!
If you still prefer paper and pen, here are some tips on how to choose the best form for your situation.
You can generally use the 1040EZ if:
The 1040A may be best for you if:
The reasons you must use Form 1040 include:
The Schedule C-EZ may be best for if you have a profit from your business and:
The Schedule C is a must for you if you have a profit from your business and:
Form 1065 is the form your tax preparer would use if:
Form 1120 or 1120-S will used by your tax preparer for you if:
Jéneen R. Perkins is a freelance accountant and consultant serving entrepreneurs, families and small businesses. She prides herself in being fluent in English instead of “Accountant-ese”.
"Putting My Money Where My Mouth Is" is a journal about real life experiences and answers to tough tax questions posed to Jéneen R. Perkins, Owner of Eclat Enterprises, LLC