Instructions For Form 1040ez - Income Tax Return For Single And Joint Filers With No Dependents - 2011 Page 23
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43Section 4—After You Have Finished
However, even if you get an extension, the tax you owe is still
Return Checklist
due April 17, 2012. If you make a payment with your extension
This checklist can help you file a correct return. Mistakes can
request, see the instructions for line 9.
delay your refund or result in notices being sent to you.
What if You File or Pay Late?
Did you:
We can charge you interest and penalties on the amount you
owe.
Enter the correct social security number for you and your
spouse if married in the space provided on Form 1040EZ?
Interest.
We will charge you interest on taxes not paid by
Check that your name and SSN agree with your social
their due date, even if an extension of time to file is granted.
security card.
We will also charge you interest on penalties imposed for
failure to file, negligence, fraud, substantial valuation misstate-
Use the amount from line 6, and the proper filing status, to
ments, substantial understatements of tax, and reportable
find your tax in the Tax Table? Be sure you entered the
transaction understatements. Interest is charged on the pen-
correct tax on line 10.
alty from the due date of the return (including extensions).
Go through the three steps in the instructions for lines 8a
and 8b, if you thought you could take the EIC? If you could
Penalties
take the EIC, did you take special care to use the proper
Late filing.
If you file late, the penalty is usually 5% of the
filing status column in the EIC Table?
amount due for each month or part of a month your return is
Check your math, especially when figuring your taxable
late, unless you have a reasonable explanation. If you do,
income, federal income tax withheld, earned income credit,
include it with your return. The penalty can be as much as 25%
total payments, and your refund or amount you owe?
of the tax due. The penalty is 15% per month, up to a maxi-
Check one or both boxes on line 5 if you (or your spouse)
mum of 75%, if the failure to file is fraudulent. If your return is
can be claimed as a dependent on someone’s (such as your
more than 60 days late, the minimum penalty will be $135 or
parents’) 2011 return? Did you check the box even if that
the amount of any tax you owe, whichever is smaller.
person chooses not to claim you (or your spouse)? Did you
leave the boxes blank if no one can claim you (or your
Late payment of tax.
If you pay your taxes late, the penalty
spouse) as a dependent?
is usually
1
/
of 1% of the unpaid amount for each month or
2
part of a month the tax is not paid. The penalty can be as
Enter an amount on line 5? If you checked any of the boxes,
much as 25% of the unpaid amount. It applies to any unpaid
did you use the worksheet on the back of Form 1040EZ to
tax on the return. This penalty is in addition to interest charges
figure the amount to enter? If you did not check any of the
on late payments.
boxes, did you enter $9,500 if single; $19,000 if married filing
jointly?
Frivolous return.
In addition to any other penalties, there is
Sign and date Form 1040EZ and enter your occupation(s)?
a penalty of $5,000 for filing a frivolous return. A frivolous
Include your apartment number in your address if you live in
return is one that does not contain information needed to
an apartment?
figure the correct tax or shows a substantially incorrect tax
because you take a frivolous position or desire to delay or
Attach your Form(s) W-2 to the left margin of Form 1040EZ?
interfere with the tax laws. This includes altering or striking out
Include all the required information on your payment if you
the preprinted language above the space where you sign. For
owe tax and are paying by check or money order? See the
a list of positions identified as frivolous, see Notice 2010-33,
instructions for line 12.
2010-17 I.R.B 609 available at
File only one original return for the same year, even if you
html.
have not gotten your refund or have not heard from the IRS
since you filed? Filing more than one original return for the
Are there other penalties?
Yes. There are penalties for neg-
same year or sending in more than one copy of the same
ligence, substantial understatement of tax, reportable transac-
return (unless we ask you to do so) could delay your refund.
tion understatements, filing an erroneous refund claim, and
fraud. There may be criminal penalties for willful failure to file,
tax evasion, or making a false statement. See Pub. 17 for
details.
Filing the Return
Where Do You File?
See the last page.
Due Date
Private delivery services.
File Form 1040EZ by April 17, 2012. (The due date is April 17,
You can use only the IRS-desig-
instead of April 15, because April 15 is a Sunday and April 16 is
nated private delivery services below to meet the “timely mail-
ing as timely filing/paying” rule for tax returns and payments.
the Emancipation Day holiday in the District of Columbia.) If
These private delivery services include only the following.
you file after this date, you may have to pay interest and
•
penalties, discussed later on this page.
DHL Express (DHL): DHL Same Day Service.
•
Federal Express (FedEx): FedEx Priority Overnight, FedEx
If you were serving in, or in support of, the U.S. Armed Forces
Standard Overnight, FedEx 2Day, FedEx International Pri-
in a designated combat zone or a contingency operation, you
ority, and FedEx International First.
can file later. See Pub. 3 for details.
•
United Parcel Service (UPS): UPS Next Day Air, UPS Next
What if You Cannot File on Time?
Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A.M., UPS
Worldwide Express Plus, and UPS Worldwide Express.
If you cannot file on time, you can get an automatic 6-month
extension (to October 15, 2012) if, no later than the date your
The private delivery service can tell you how to get written
return is due, you file Form 4868. For details, see Form 4868.
proof of the mailing date.
- 23 -
Instructions for Form 1040EZ
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