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#10
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| - quote - > > I'm a single 23 year old head of household. I own
Typo. I think Herb meant "qualifying person" who does not> > 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. have to be a child. A child does not have to be a dependent. __ Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#9
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| <majiin99[at]cs.com> wrote: - quote - > I'm a single 23 year old head of household. I own
Who is the qualifying person you are using to file head of> 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? 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 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#8
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| <majiin99[at]cs.com> wrote: - quote - > I'm a single 23 year old head of household. I own
You may be the head of your head of your household by virtue> 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? 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 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#7
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| - quote - > I'm a single 23 year old head of household. I own
You may not claim education credit on 1040EZ.> 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? "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!= ![]() << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#6
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| <majiin99[at]cs.com> wrote: - quote - > I'm a single 23 year old head of household. I own
From what you say, I don't believe you can qualify as head> 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? 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 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#5
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| majiin99[at]cs.com wrote: - quote - > I'm a single 23 year old head of household. I own
Your facts or possibly your use of certain terms is> 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? 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 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
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| majiin99[at]cs.com posted: - quote - > I'm a single 23 year old head of household. I
The EZ can only be used if you're single or MFJ with _no> 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? 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 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
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| 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). << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
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| - quote - > I'm a single 23 year old head of household. I own
You should always use the simplest tax form you qualify for.> 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 tax rules are exactly the same. Helen, EA in PA Director, NAEA; Immediate Past President, PSEA; Tax Expert, AOL Enrolled Agents - THE Tax Professionals << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
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| majii...[at]cs.com wrote: - quote - > I'm a single 23 year old head of household. I own
Maybe this is just terminology confusion, but you CANNOT use> 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 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)? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| No, not to you. Only to the IRS. Missy Doyle << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
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| 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 Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| 1040 |
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