Posts Tagged ‘form 1040 ez’
IRS.gov Forms 1099
Question: 1099-MISC form and W-2?
I am doing my boyfriends taxes by printing the forms off the IRS.GOV website…do I include the wages from the 1099-MISC form on the 1040-EZ, or is the 1040_EZ only for W-2’s? On the 1099 the only amounts listed are under non-employee compensation.
Answer: You can’t use Form 1040-EZ. You MUST use Form 1040 plus Schedule C or C-EZ. If the net income on the Schedule C is $400 or more you also need to attach Schedule SE to calculate the self-employment tax.
IRS: More money for some deductions
People who do standard deductions will see more money in their tax returns this year.