1040 Federal Income Tax Form for 2009, 2010
71Well let’s start at the beginning. Do you even have to file a tax return? If you have a refund coming your way, you must file an income tax return to get the money. Here are some of the reasons why you would want to file if you were eligible for any of these items:
- Additional child tax credit
- Earned income credit
- First time home purchase credit
- Health coverage tax credit
- Recovery rebate credit
The reasons listed above are just some of the reasons why you would want to file a 1040 federal income tax form. There are exceptions for children under the age of nineteen and also for full time students. Under certain situations the parent or parents can include the dependent child’s income onto their tax return. You will want Form 8814 if you choose this option.
Resident Alien, Non-Resident Alien or Dual-Status Alien
Things can get a bit tricky is you are a resident alien, non-resident alien or dual-status alien. In most cases non-resident aliens and dual-status aliens need to use different forms. You may need to use the 1040NR or the 1040NR EZ. For more detailed information on that you may want to take a look at Publication 519. This publication will help you to understand the requirements needed for you to comply with the United States tax laws.
April 15th
Okay now, we all know April 15th is the due date for filing your tax return. But what if I didn’t get it done in time you may ask? You can file for an extension using Form 4868. You must file this form by the original due date. Do not get filing your tax form and paying any taxes owed confused in your mind. They are two very separate issues. If you owe, you must pay on time. The extension will give you six months to send in the paperwork but, if you owe, you must pay on time or else you will incur penalties and interest on what monies you owe.
Help!
What I would advise you to do is to give yourself a break and let the tax experts handle the tax area. TurboTax Online is fast, easy, secure, guarantees the biggest refund possible and they will do all of the hard work for you! They are always up to date with the latest tax laws. You can even try for free. You do not pay unless you choose to file. Get started now!
PrintShare it! — Rate it: up down flag this hub









