Instructions For Form 1040ez - Income Tax Return - Internal Revenue Service- 2006 (Page 9 of 36) in pdf

Are There Other Penalties?

Where Do You File?

Yes. Other penalties can be imposed for negligence, substantial un-

See the back cover.

derstatement of tax, reportable transaction understatements, and

fraud. We will charge you interest on these penalties from the due

You can use certain private delivery

Private delivery services.

date of the return (including extensions). Criminal penalties may be

services designated by the IRS to meet the “timely mailing as

imposed for willful failure to file, tax evasion, or making a false

timely filing/paying” rule for tax returns and payments. These pri-

statement. See Pub. 17 for details.

vate delivery services include only the following.

•

In addition to any other penalties, the law imposes a penalty of

DHL Express (DHL): DHL Same Day Service, DHL Next

$500 for filing a frivolous return. A frivolous return is one that does

Day 10:30 am, DHL Next Day 12:00 pm, DHL Next Day 3:00 pm,

not contain information needed to figure the correct tax or shows a

and DHL 2nd Day Service.

•

substantially incorrect tax, because you take a frivolous position or

Federal Express (FedEx): FedEx Priority Overnight, FedEx

desire to delay or interfere with the tax laws. This includes altering

Standard Overnight, FedEx 2Day, FedEx International Priority, and

or striking out the preprinted language above the space where you

FedEx International First.

•

sign.

United Parcel Service (UPS): UPS Next Day Air, UPS Next

Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A.M., UPS

Worldwide Express Plus, and UPS Worldwide Express.

Chart A—For Most People

IF your filing status is . . .

THEN file a return if your gross income* was at least . . .

Single

$ 8,450

Married filing jointly**

$16,900

*Gross income means all income you received in the form of money, goods, property, and services that is not exempt from tax, including any income from sources outside

the United States (even if you can exclude part or all of it).

**If you did not live with your spouse at the end of 2006 (or on the date your spouse died) and your gross income was at least $3,300, you must file a return.

Chart B—For Children and Other Dependents

If your parent (or someone else) can claim you as a dependent, use this chart to see if you must file a return.

In this chart, unearned income includes taxable interest, ordinary dividends, and capital gain distributions. Earned income includes wages,

tips, and taxable scholarship and fellowship grants. Gross income is the total of your unearned and earned income.

TIP

To find out if your parent (or someone else) can claim you as a dependent, use TeleTax topic 354 (see page 6).

You must file a return if any of the following apply.

•

Your unearned income was over $850.

•

Your earned income was over $5,150.

•

Your gross income was more than the larger of —

•

$850, or

•

Your earned income (up to $4,850) plus $300.

Chart C—Other Situations When You Must File

You must file a return using Form 1040A or 1040 if any of the following apply for 2006.

•

You received any advance earned income credit payments from your employer. These payments are shown in box 9 of your

Form W-2.

•

You owe tax from the recapture of an education credit (see Form 8863).

•

You claim a credit for excess social security and tier 1 RRTA tax withheld.

You must file a return using Form 1040 if any of the following apply for 2006.

•

You owe any special taxes, such as social security and Medicare tax on tips you did not report to your employer.

•

You owe uncollected social security and Medicare or RRTA tax on tips you reported to your employer or on your group-term life

insurance.

•

You had net earnings from self-employment of at least $400.

•

You had wages of $108.28 or more from a church or qualified church-controlled organization that is exempt from employer social security

and Medicare taxes.

•

You owe tax on a qualified plan, including an individual retirement arrangement (IRA), or other tax-favored account. But if you are filing a

return only because you owe this tax, you can file Form 5329 by itself.

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Instructions For Form 1040ez - Income Tax Return - Internal Revenue Service- 2006 Page 9

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