Instructions For Form 1040ez - Income Tax Return - Internal Revenue Service - 2010 Page 18
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402010 Form 1040EZ— Lines 10 through 12c
Line 10
Fast refunds!
Choose direct deposit— a fast, simple, safe,
Add lines 7, 8, and 9a. Enter the total on line 10.
secure way to have your refund deposited automatically into
your checking or savings account, including an individual re-
Amount paid with request for extension of time to file.
tirement arrangement (IRA).
If you filed Form 4868 to get an automatic extension of time to
file, include in the total on line 10 any amount you paid with
If you want us to directly deposit the amount shown on line
that form or by electronic funds withdrawal, or credit or debit
12a to your checking or savings account, including an IRA, at a
card. If you paid by credit or debit card, do not include on line
bank or other financial institution (such as a mutual fund,
10 the convenience fee you were charged. To the left of line
brokerage firm, or credit union) in the United States:
10, enter “Form 4868” and show the amount paid.
•
Complete lines 12b through 12d (if you want your refund
You may be able to deduct any credit or debit card
deposited to only one account), or
convenience fees on your 2011 tax return, but you must
TIP
•
Check the box on line 12a and attach Form 8888 if you
file Form 1040 to do so.
want to split the direct deposit of your refund into more
than one account or use all or part of your refund to buy
paper series I savings bonds.
If you do not want your refund directly deposited to your
11
Line 11, Tax
account, do not check the box on line 12a. Draw a line
through the boxes on lines 12b and 12d. We will send you a
check instead.
Do you want the IRS to figure your tax for you?
Why Use Direct Deposit?
Yes. See Pub. 967 for details, including who is eligible
•
You get your refund faster by direct deposit than you do
and what to do. If you have paid too much, we will
by check.
send you a refund. If you did not pay enough, we will
•
Payment is more secure. There is no check that can get
send you a bill.
lost or stolen.
•
No. Use the Tax Table that starts on page 27.
It is more convenient. You do not have to make a trip to
the bank to deposit your check.
•
It saves tax dollars. It costs the government less to refund
by direct deposit.
Refund
If you file a joint return and check the box on line 12a
If line 12a is under $1, we will send the refund only on written
!
and attach Form 8888 or fill in lines 12b through 12d,
request.
your spouse may get at least part of the refund.
CAUTION
If you want to check the status of your refund, see page 25.
Before checking the status of your refund, please wait at least
72 hours after the IRS acknowledges receipt of your e-filed
IRA.
You can have your refund (or part of it) directly depos-
return (3 to 4 weeks after you mail a paper return) to do so.
ited to a traditional IRA, Roth IRA, or SEP-IRA, but not a SIMPLE
But if you filed Form 8379 with your return, allow 14 weeks (11
IRA. You must establish the IRA at a bank or other financial
weeks if you filed electronically).
institution before you request direct deposit. Make sure your
direct deposit will be accepted. You must also notify the trus-
If your refund is large, you may want to decrease the
tee or custodian of your account of the year to which the
amount of income tax withheld from your pay by filing
TIP
deposit is to be applied (unless the trustee or custodian will
a new Form W-4. See Income tax withholding and
not accept a deposit for 2010). If you do not, the trustee or
estimated tax payments for 2011 on page 22.
custodian can assume the deposit is for the year during which
you are filing the return. For example, if you file your 2010
return during 2011 and do not notify the trustee or custodian
Refund Offset
in advance, the trustee or custodian can assume the deposit to
If you owe past-due federal tax, state income tax, child sup-
your IRA is for 2011. If you designate your deposit to be for
port, spousal support, or certain federal nontax debts, such as
2010, you must verify that the deposit was actually made to
student loans, all or part of the refund on line 12a may be
the account by the due date of the return (without regard to
used (offset) to pay the past-due amount. Offsets for federal
extensions). If the deposit is not made by that date, the de-
taxes are made by the IRS. All other offsets are made by the
posit is not an IRA contribution for 2010.
Treasury Department’s Financial Management Service (FMS).
For federal tax offsets, you will receive a notice from the IRS.
You and your spouse each may be able to contribute up
For all other offsets, you will receive a notice from FMS. To find
!
to $5,000 ($6,000 if age 50 or older at the end of 2010)
out if you may have an offset or if you have a question about
to a traditional IRA or Roth IRA for 2010. The limit for
it, contact the agency you owe the debt to.
CAUTION
2011 is also $5,000 ($6,000 if age 50 or older at the end
of 2011). You may owe a penalty if your contributions exceed these
Injured spouse.
If you file a joint return and your spouse has
limits.
not paid past-due federal tax, state income tax, child support,
spousal support, or a federal nontax debt, such as a student
For more information on IRAs, see Pub. 590.
loan, part or all of the refund on line 12a may be used (offset)
to pay the past-due amount. But your part of the refund may
TreasuryDirect®.
You can request a deposit of your refund
be refunded to you if certain conditions apply and you com-
(or part of it) to a TreasuryDirect® online account to buy U.S.
plete Form 8379. For details, use TeleTax topic 203 (see page
Treasury marketable securities and savings bonds. For more
26) or see Form 8379.
information, go to
Form 8888.
You can have your refund directly deposited into
Lines 12a Through 12d
more than one account or use it to buy up to $5,000 in paper
series I savings bonds. You do not need a TreasuryDirect®
DIRECT
DEPOSIT
account to do this. For more information, see the Form 8888
Simple. Safe. Secure.
instructions.
Instructions for Form 1040EZ
- 18 -
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