How To Fill Out The Form 1040EZ

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Tax Preparation for Form 1040EZ
For the Year 2002
As American citizens it is required by the “Sixteenth Amendment of the Constitution” (Sieg, Johnson 1-2) for us to file income taxes on a yearly basis. This is a comprehensive, yet effortless guide giving instructions for completing the form 1040EZ, along with the supplies that are needed and even if the 1040EZ is right for you.
It is necessary to have these items in order to complete this form correctly. The supplies needed are as follows: pen, pencil, paper, calculator, W-2 form, 1099NT form, 1099-OID, Social Security Card, Checkbook, envolope, form 1040EZ, and also the government printed instructions. I will often refer to the numerous lines on the form 1040EZ as per diagram. It is recommended that you do your first do the form in pencil as you follow along. Then, when you are finished you may go back and fill it in with a black or blue ink pen this insures accuracy.
“Should you use the 1040EZ?”(IRS 12) Well there are several stipulations to use this form. Here are eight questions to help you figure out if the 1040EZ is for you.
1. If your filing status is single or married filing jointly.
If you were a Nonresident alien at any time in 2002.
2. If you do not claim any dependents.
3. If you do not claim a deduction for educator expenses, the student loans interest deduction, or the tuition and fees deduction.
4. If you do not claim an education credit, the retirement savings contributions credit, or the health insurance credit for eligible recipients.
5. If you were under age 65 and not blind at the end of 2002.
6. If your income is less than fifty thousand dollars.
7. If you only had wages, salaries, tips, taxable scholarship or fellowship grants, unemployment compensation, or Alaska Permanent Funds dividends, and your taxable interest was not over one thousand five hundred dollars.
8. If you did not receive and advance earned income credit pa...