Instructions For Form 1040ez - Income Tax Return For Single And Joint Filers With No Dependents - Internal Revenue Service - 2007 Page 5
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36Before You Fill In Form 1040EZ
simplified procedure explained in its instructions to amend your
What’s New for 2007
2006 return. If you were not required to file a 2006 return, see the
2006 Form 1040EZ-T.
Earned Income Credit (EIC)
You may be able to take the EIC if you earned less than $12,590
($14,590 if married filing jointly). See the instructions for lines 8a
What’s New for 2008
and 8b that begin on page 10.
Earned Income Credit (EIC)
Mailing Your Return
You may be able to take the EIC if you earned less than $12,880
You may be mailing your return to a different address this year
($15,880 if married filing jointly).
because the IRS has changed the filing location for several areas. If
you received an envelope with your tax package, please use it. Oth-
The election to include nontaxable combat pay in earned income
erwise, see Where Do You File? on the back cover.
for the EIC is scheduled to expire and will not apply for 2008.
Telephone Excise Tax Credit
This credit was available only on your 2006 return. If you filed but
did not request it on your 2006 return, file Form 1040X using a
These rules apply to all U.S. citizens, regardless of where they live, and resident aliens.
Filing Requirements
Do You Have To File?
When Should You File?
Were you (or your spouse if filing a joint return) age 65 or older at
File Form 1040EZ by April 15, 2008. If you file after this date, you
the end of 2007? If you were born on January 1, 1943, you are
may have to pay interest and penalties. See below.
considered to be age 65 at the end of 2007.
If you were serving in, or in support of, the U.S. Armed Forces
in a designated combat zone, qualified hazardous duty area, or a
❏ Yes. Use Pub. 501, Exemptions, Standard Deduction, and
contingency operation, see Pub. 3.
Filing Information, to find out if you must file a return.
If you do, you must use Form 1040A or 1040.
What if You Cannot File on Time?
❏ No. Use Chart A, B, or C on page 7 to see if you must file a
return.
You can get an automatic 6-month extension if, no later than the
date your return is due, you file Form 4868. For details, see Form
4868.
Even if you do not otherwise have to file a return, you
should file one to get a refund of any federal income tax
TIP
However, even if you get an extension, the tax you owe is still
withheld. You should also file if you are eligible for the
due April 15, 2008. If you make a payment with your extension
earned income credit.
request, see the instructions for line 9 on page 15.
Have you tried IRS e-file? It’s the fastest way to get
your refund and it’s free if you are eligible. Visit
What if You File or Pay Late?
for details.
The IRS can charge you interest and penalties on the amount you
Exception for children under age 18.
If you are planning to file a
owe.
tax return for your child who was under age 18 at the end of 2007
If you file late, the penalty is usually 5% of the amount due for
and certain other conditions apply, you can elect to include your
each month or part of a month your return is late, unless you have a
child’s income on your return. But you must use Form 1040 and
reasonable explanation. If you do, attach it to your return. The pen-
Form 8814 to do so. If you make this election, your child does not
alty can be as much as 25% of the tax due. The penalty is 15% per
have to file a return. For details, use TeleTax topic 553 (see page
month, up to a maximum of 75%, if the failure to file is fraudulent.
30) or see Form 8814.
We will charge you interest on the penalty from the due date of the
A child born on January 1, 1990, is considered to be age 18 at the
return (including extensions). If your return is more than 60 days
end of 2007. Do not use Form 8814 for such a child.
late, the minimum penalty will be $100 or the amount of any tax
Resident aliens.
These rules also apply if you were a resident alien.
you owe, whichever is smaller.
Also, you may qualify for certain tax treaty benefits. See Pub. 519
If you pay your taxes late, the penalty is usually
1
⁄
of 1% of the
2
for details.
unpaid amount for each month or part of a month the tax is not paid.
The penalty can be as much as 25% of the unpaid amount. It applies
Nonresident aliens and dual-status aliens.
These rules also apply if
to any unpaid tax on the return.
you were a nonresident alien or a dual-status alien and both of the
following apply.
•
You were married to a U.S. citizen or resident alien at the end
Are There Other Penalties?
of 2007.
•
Yes. Other penalties can be imposed for negligence, substantial un-
You elected to be taxed as a resident alien.
derstatement of tax, reportable transaction understatements, filing
See Pub. 519 for details.
an erroneous refund claim, and fraud. We will charge you interest
on these penalties from the due date of the return (including exten-
Specific rules apply to determine if you are a resident
sions). Criminal penalties may be imposed for willful failure to file,
!
alien, nonresident alien, or dual-status alien. Most non-
tax evasion, or making a false statement. See Pub. 17 for details.
resident aliens and dual-status aliens have different fil-
CAUTION
ing requirements and may have to file Form 1040NR or
In addition to any other penalties, the law imposes a penalty of
Form 1040NR-EZ. Pub. 519 discusses these requirements and other
$5,000 for filing a frivolous return. A frivolous return is one that
information to help aliens comply with U.S. tax law, including tax
does not contain information needed to figure the correct tax or
treaty benefits, and special rules for students and scholars.
shows a substantially incorrect tax because you take a frivolous
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