A Brief Guide to Choosing the Right Tax Form

June 20, 2016
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Almost every American with a certain amount of salary is required to fill one of the many IRS tax forms to report their income, expenses, and other financial data. Therefore, learning about some of the most commonly used tax forms can help you choose the correct tax form from the ocean of options available and claim the tax deductions, tax credits, and other financial benefits available to you. Let’s take a look

E-filing the Return

Though many people prefer filing returns through paper forms, doing it online is one of the easiest ways to file a complete and an error-free return. Also, E-file helps you get the tax credit and the deduction you are entitled to claim. There are three e-filing options available for individual taxpayers on IRS.gov, and you can let the site’s software choose the correct tax form.

Choosing the Right Tax Form

There are three most common types of tax forms used for filing federal income tax:

Form 1040EZ

The shortest and simplest version of tax form with least filing time. You are qualified, if you:

Have no dependents
Are younger than 65
Earn less than $100,000
Have no plans to itemize your deductions

Note: You can’t use Form 1040EZ to claim the Premium Tax Credit. Moreover, you can’t use Tax form 1040EZ if you have already received advance payments of the premium tax credit in preceding year.

Form 1040A

The U.S. Individual tax form 1040 A is more comprehensive than 1040EZ but simpler than 1040 form. You can use this form if you:

Earn less than $100,000
Don’t have self-employed income
Have capital gain distributions
Claim certain tax credit
Make certain adjustments to your taxable income such as child tax, student loan interest

Note: Though form 1040A lets you make adjustments, it doesn’t let you itemize deductions.

Form 1040

The standard U.S. Individual tax form, also called “the long form”, applies to those who are not eligible for other two tax return forms. Qualifications include:

Your taxable income is $100,000 or above
You plan to itemize deductions
You are self-employed
You report income from the sale of a property

A Word of Advice

If you e-file a tax return, there is no need to mail any paper form to the IRS. For e-filing, you can visit IRS.gov and click on the ‘IRS e-file’ to check the available options. In addition, before filing any form, check IRS Free File. If you are not too tech-savvy and prefer a paper form, you can download it from IRS.gov/forms. Lastly, every taxpayer has a set of fundamental rights, also known as the “Taxpayer Bill of Rights”, which they should be aware of when dealing with the IRS. In the case of any doubt regarding the tax form to use, or wish to learn more about your rights, feel free to contact us for a no-obligation consultation.

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Brent Vahle

19:13 02 May 24

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18:44 02 May 24

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12:14 02 May 24

Great attorney who was able to provide quick and useful advice. Although my situation did not warrant their services, they still took the time to discuss solutions I could explore. I highly recommend visiting this office!

Tony Pantoja

12:57 09 Apr 24

Very professional and very knowledgeable, Jamie Flores was very straight forward and professional, a firm that doesn’t just take your money, Thanks

Carla Atwal

10:52 02 Apr 24

Nick was wonderful in guiding me with direction on some tax questions I had. He was concise, and to the point, and was happy to provide general info to me at no charge. I truly appreciate him and would highly recommend him.

Miguel Alvarado

15:56 25 Mar 24

By far the best attorneys I have ever worked with. They’re are very helpful and supportive from day one. They went above and beyond to make sure all my documents were submitted on time and gave updates as soon as they received them. I cannot name a single flaw in their work. Their team of assistants are very professional and seem to all be on the same page. I’ve made multiple phone calls and sent a ton of emails to their staff and they were able to help me all through the course of the case. I cannot express my gratitude enough for how excellent they handled my case.

Lucy Foy

06:55 19 Jan 24

My first appointment I had with, Tax Attorney Nick Nemeth, gave me such a sense of relief. He listened and gave me his professional advice, Mr Nemeth took my case. I was well kept updated, by phone calls and letters. That really impressed me and gave me so much confidence in them. The case went on for a couple of months. The day I received the call from one of his team members Kyle, informing me that the case was resolved and that I owed absolutely nothing to the IRS, I was overwhelmed with joy. I would recommend this law firm to anyone that needs help, with any tax issue. Thank you, to the Law Firm of Attorney Nick Nemeth and his team.

Bradley Runyon

20:17 13 Jan 24

I received a tax bill in the mail from the IRS last year in 2023. The fees and penalties I owed were something I myself could not afford. I reached out to Nick Nemeth's firm and received the best experience you could imagine. The team was professional, educational, and fast. If you have a tax issue with the IRS using another firm other than Nick Nemeth's would be an error in judgment. I would recommend their services above others.

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19:55 11 Jan 24

Working with Nick Nemeth and his team to resolve my debt with the IRS was the best decision I could have made. I felt such relief knowing I didn’t have to deal with the IRS myself. They did a wonderful job and were responsive to my questions and kept me abreast of my case. My outcome was exactly what I was hoping for. I strongly recommend using them if you have an issue to resolve with the IRS.

R G

20:53 21 Dec 23

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Susan Wilson

03:27 25 Jan 23

I have been very pleased with the solid counsel and guidance that Nick Nemeth has provided me regarding my tax issue. I found him to be honest and straightforward which I appreciated. I was impressed with his relevant experience and knowledge . He has definitely brought me peace of mind during a difficult and stressful time.

Sarah Howard

03:44 14 Nov 22

I would like to thank Mr. Nick and his staff for the superb help that I received from them. My IRS problem was resolved quickly and efficiently. It took 2 visits to convince me that I was over my head. I thought that I could call the IRS, appeal my tax notices and settle on a payment plan on my own. After many phone calls to the IRS, waiting sometimes more than 4 hours with no resolution to speak of, it proved to be extremely difficult and stressful. Revisiting Mr. Nick was a huge wake up call. My account was reviewed, and a payment plan was established with the IRS within a week. I will be forever grateful to the staff who worked on my case and especially to Lorna who listened to me vent while going through this painful process.

M W

00:33 07 Aug 22

I cannot say enough good things about Nick and his team. When I first met with Nick he was up front, honest, friendly and efficient. When I worked with one of his attorneys, Eric B, I was just as pleased. All of the staff there are nice and very helpful. I wish I hadn't waited so long to get help with my issue. Over 6yrs I tried getting through and getting anywhere with the IRS and hardly made any progress. I know this may not be the case for all, and even I thought it would take longer than it did, but 3mos and they had my situation straightened out. I still can't believe it. Thank you thank you THANK YOU for all that you did for me. This is a huge burden gone out of my life now thanks to you. If anyone needs help out there, I know you may not want to shell out more money to get their help but it may just save you in the long run.

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23:49 03 Aug 22

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19:44 12 Jul 22

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E-filing the Return