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  #10  
Old 01-22-2005, 06:28 PM
Arthur Kamlet
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Default Re: EZ or 1040 AX

- quote -

> > I'm a single 23 year old head of household. I own
> > no assets, have no children. Went to school one
> > semester last year. I will probably claim one
> > dependent. Is there any advantage to doing the
> > 1040 A over the EZ?


> Maybe this is just terminology confusion, but you CANNOT use
> the 1040EZ form if you have children. You also cannot claim
> Head of Household status without dependent children.


Typo. I think Herb meant "qualifying person" who does not
have to be a child. A child does not have to be a
dependent.

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

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  #9  
Old 01-22-2005, 05:11 PM
Arthur Kamlet
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Default Re: EZ or 1040 AX

<majiin99[at]cs.com> wrote:

- quote -

> I'm a single 23 year old head of household. I own
> no assets, have no children. Went to school one
> semester last year. I will probably claim one
> dependent. Is there any advantage to doing the
> 1040 A over the EZ?


Who is the qualifying person you are using to file head of
household? HoH cannot be filed on Form 1040EZ, assuming
you are head of household in the tax sense of the word.
Since you will probably claim one dependent, who is that
dependent? If it's you, then you do not file head of
househild even if you are living on your own.

And if you have paid tuition and fees, you might have
credits or deduction to be claimed, but not on Form 1040EZ.

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

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  #8  
Old 01-22-2005, 05:11 PM
Dick Adams
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Default Re: EZ or 1040 AX

<majiin99[at]cs.com> wrote:

- quote -

> I'm a single 23 year old head of household. I own
> no assets, have no children. Went to school one
> semester last year. I will probably claim one
> dependent. Is there any advantage to doing the
> 1040 A over the EZ?


You may be the head of your head of your household by virtue
of being the only person who lives there. But unless you
have a qualifying dependent, you do NOT qualify for head of
Household filing status. A qualifying dependent is almost
always a child.

As for 1040-A vs 1040-EZ, the 1040-EZ is people who do not
have deductions. It appears you may have deductions for
tuition and fees.

My suggestion is that you read the instructions that come
with the forms. Although you do not appear to have a
complicated return, you may want to have someone prepare
it for you this year so you have a better understanding of
the process and can file it yourself until it becomes
complicated.

Dick

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  #7  
Old 01-21-2005, 02:18 PM
John H. Fisher
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Default Re: EZ or 1040 AX

- quote -

> I'm a single 23 year old head of household. I own
> no assets, have no children. Went to school one
> semester last year. I will probably claim one
> dependent. Is there any advantage to doing the
> 1040 A over the EZ?


You may not claim education credit on 1040EZ.

"Jack" - John H. Fisher - TaxService[at]aol.com
Philadelphia, Pa - Atlantic City, NJ - West Wildwood, NJ
My Newsgroups & Boards at: http://members.aol.com/TaxService/index.html

Where Ignorance is bliss, 'tis folly to be wise!=

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  #6  
Old 01-21-2005, 01:58 PM
Wayne Brasch
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Default Re: EZ or 1040 AX

<majiin99[at]cs.com> wrote:

- quote -

> I'm a single 23 year old head of household. I own
> no assets, have no children. Went to school one
> semester last year. I will probably claim one
> dependent. Is there any advantage to doing the
> 1040 A over the EZ?


From what you say, I don't believe you can qualify as head
of household for tax purposes. You may file as single. The
Form 1040A has adjustments to income that may apply to you
that the Form 1040EZ does not. Otherwise, you are probably
just as well off to use the Form 1040EZ.

Wayne Brasch, CPA, M. S. Taxation

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  #5  
Old 01-21-2005, 01:58 PM
A.G. Kalman
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Default Re: EZ or 1040 AX

majiin99[at]cs.com wrote:

- quote -

> I'm a single 23 year old head of household. I own
> no assets, have no children. Went to school one
> semester last year. I will probably claim one
> dependent. Is there any advantage to doing the
> 1040 A over the EZ?


Your facts or possibly your use of certain terms is
confusing. You state you are head of household. Head of
household has a very specific meaning in tax law.
Therefore, I don't know whether your reference is to your
filing status or merely a statement that are an unmarried
individual maintaining your own place of abode. You state
you have no children and will probably claim one dependent.
I'm not sure if you meant to say you would only claim one
exemption or whether there is actually some other individual
that meets the definition of being your dependent for tax
purposes.

That said, you can only use a 1040EZ if your filing status
is either Single or Married Joint AND you have no
dependents.

--
Alan
http://taxtopics.net

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  #4  
Old 01-21-2005, 01:58 PM
Bill
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Default Re: EZ or 1040 AX

majiin99[at]cs.com posted:

- quote -

> I'm a single 23 year old head of household. I
> own no assets, have no children. Went to
> school one semester last year. I will probably
> claim one dependent. Is there any advantage
> to doing the 1040 A over the EZ?


The EZ can only be used if you're single or MFJ with _no
dependents. Your only option is the 1040A, in order to get
the benefit of the larger standard deduction for HOH, and an
extra exemption for your dependent.

You should check the requirements for claiming dependency,
and be sure your dependent meets all five -- citizenship or
residency, gross income, join return, member of household or
relationship and support tests.

Bill

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  #3  
Old 01-21-2005, 01:58 PM
Nan Eklund
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Default Re: EZ or 1040 AX

There is no advantage. One picks the form that has the
lines you need. For example, if you have student loan
interest, you'll need 1040A.

Nan, EA in LA
PREJUDICE can be divided into PRE-JUDGEMENTS (easier than
thinking) and BIGOTRY (easier to feel good about oneself
when one can push down another group).

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  #2  
Old 01-21-2005, 01:39 PM
Helen P. OPlanick EA
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Default Re: EZ or 1040 AX

- quote -

> I'm a single 23 year old head of household. I own
> no assets, have no children. Went to school one
> semester last year. I will probably claim one
> dependent. Is there any advantage to doing the
> 1040 A over the EZ?


You should always use the simplest tax form you qualify for.
The tax rules are exactly the same.

Helen, EA in PA
Director, NAEA; Immediate Past President, PSEA; Tax Expert, AOL
Enrolled Agents - THE Tax Professionals

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  #1  
Old 01-21-2005, 01:39 PM
Herb Smith
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Default Re: EZ or 1040 AX

majii...[at]cs.com wrote:

- quote -

> I'm a single 23 year old head of household. I own
> no assets, have no children. Went to school one
> semester last year. I will probably claim one
> dependent. Is there any advantage to doing the
> 1040 A over the EZ?


Maybe this is just terminology confusion, but you CANNOT use
the 1040EZ form if you have children. You also cannot claim
Head of Household status without dependent children.

If you are single, with no children, you claim one
EXEMPTION, not dependent.

Why not just file on a Form 1040 and get used to it, you
will probably be using it soon enough (once you start
getting a significant income or get married and have
children)?

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Old 01-21-2005, 01:39 PM
mytax@adams.net
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Default Re: EZ or 1040 AX

No, not to you. Only to the IRS.

Missy Doyle

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  #-1  
Old 01-19-2005, 06:08 PM
majiin99@cs.com
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Default EZ or 1040 AX

I'm a single 23 year old head of household. I own
no assets, have no children. Went to school one
semester last year. I will probably claim one
dependent. Is there any advantage to doing the
1040 A over the EZ?

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