File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

Printable 1040ez Form

Amended Tax Form 2012File My 2012 Taxes Free OnlineHow Do I File My 2012 Taxes OnlineDownload 1040x FormFree Turbo Tax 2009Ez 1040 FormHow To File Tax AmendmentState Tax Return 2013Amend 2012 TaxesFree Fillable 1040x FormFree Income Tax SitesTaxslayerFree 1040ez FormState Taxes OnlyFiling 1040x1040ez 2014 FormsE File 2012 Taxes LateEz Federal Tax FormWhere Can I File My State Taxes OnlineAmended Tax FormsMilitary ComFillable State Tax FormsTurbotax Premier Federal E File State 2012 For Pc DownloadAarp Tax HelpUnemployment Taxes 2011Free 1040ez InstructionsIrs Form 1040xWhere To File My 2011 Tax ReturnWww Irs Gov Form 1040xTurbotax 2008 Free EditionHow Much To Do Back Taxes With Hr BlockPrint Free 1040ez Tax FormState Income Tax ReturnHow Can I File My State Taxes For Free2007 Tax ReturnFile 2009 Taxes Online Free State And FederalFree Tax Services Online1040ez Federal Tax FormHow Do I File An Amended ReturnFile State Tax Only

Printable 1040ez Form

Printable 1040ez form Part Two -   Income The eight chapters in this part discuss many kinds of income. Printable 1040ez form They explain which income is and is not taxed. Printable 1040ez form See Part Three for information on gains and losses you report on Form 8949 and Schedule D (Form 1040) and for information on selling your home. Printable 1040ez form Table of Contents 5. Printable 1040ez form   Wages, Salaries, and Other EarningsReminder Introduction Useful Items - You may want to see: Employee CompensationBabysitting. Printable 1040ez form Miscellaneous Compensation Fringe Benefits Retirement Plan Contributions Stock Options Restricted Property Special Rules for Certain EmployeesClergy Members of Religious Orders Foreign Employer Military Volunteers Sickness and Injury BenefitsDisability Pensions Long-Term Care Insurance Contracts Workers' Compensation Other Sickness and Injury Benefits 6. Printable 1040ez form   Tip IncomeIntroduction Useful Items - You may want to see: Keeping a Daily Tip RecordElectronic tip record. Printable 1040ez form Reporting Tips to Your EmployerElectronic tip statement. Printable 1040ez form Final report. Printable 1040ez form Reporting Tips on Your Tax Return Allocated Tips 7. Printable 1040ez form   Interest IncomeReminder Introduction Useful Items - You may want to see: General InformationSSN for joint account. Printable 1040ez form Custodian account for your child. Printable 1040ez form Penalty for failure to supply SSN. Printable 1040ez form Reporting backup withholding. Printable 1040ez form Savings account with parent as trustee. Printable 1040ez form Interest not reported on Form 1099-INT. Printable 1040ez form Nominees. Printable 1040ez form Incorrect amount. Printable 1040ez form Information reporting requirement. Printable 1040ez form Taxable InterestInterest subject to penalty for early withdrawal. Printable 1040ez form Money borrowed to invest in certificate of deposit. Printable 1040ez form U. Printable 1040ez form S. Printable 1040ez form Savings Bonds Education Savings Bond Program U. Printable 1040ez form S. Printable 1040ez form Treasury Bills, Notes, and Bonds Bonds Sold Between Interest Dates Insurance State or Local Government Obligations Original Issue Discount (OID) When To Report Interest IncomeConstructive receipt. Printable 1040ez form How To Report Interest IncomeSchedule B (Form 1040A or 1040). Printable 1040ez form Reporting tax-exempt interest. Printable 1040ez form U. Printable 1040ez form S. Printable 1040ez form savings bond interest previously reported. Printable 1040ez form 8. Printable 1040ez form   Dividends and Other DistributionsReminder Introduction Useful Items - You may want to see: General InformationDividends not reported on Form 1099-DIV. Printable 1040ez form Reporting tax withheld. Printable 1040ez form Nominees. Printable 1040ez form Ordinary DividendsQualified Dividends Dividends Used to Buy More Stock Money Market Funds Capital Gain DistributionsBasis adjustment. Printable 1040ez form Nondividend DistributionsLiquidating Distributions Distributions of Stock and Stock Rights Other DistributionsInformation reporting requirement. Printable 1040ez form Alternative minimum tax treatment. Printable 1040ez form How To Report Dividend IncomeInvestment interest deducted. Printable 1040ez form 9. Printable 1040ez form   Rental Income and ExpensesIntroduction Useful Items - You may want to see: Rental Income Rental ExpensesVacant while listed for sale. Printable 1040ez form Repairs and Improvements Other Expenses Property Changed to Rental Use Renting Part of Property Not Rented for Profit Personal Use of Dwelling Unit (Including Vacation Home)Example. Printable 1040ez form Dividing Expenses Dwelling Unit Used as a Home Reporting Income and Deductions DepreciationChanging your accounting method to deduct unclaimed depreciation. Printable 1040ez form Limits on Rental LossesAt-Risk Rules Passive Activity Limits How To Report Rental Income and ExpensesSchedule E (Form 1040) 10. Printable 1040ez form   Retirement Plans, Pensions, and AnnuitiesWhat's New Reminder IntroductionThe General Rule. Printable 1040ez form Individual retirement arrangements (IRAs). Printable 1040ez form Civil service retirement benefits. Printable 1040ez form Useful Items - You may want to see: General InformationIn-plan rollovers to designated Roth accounts. Printable 1040ez form How To Report Cost (Investment in the Contract) Taxation of Periodic PaymentsExclusion limited to cost. Printable 1040ez form Exclusion not limited to cost. Printable 1040ez form Simplified Method Taxation of Nonperiodic PaymentsLump-Sum Distributions RolloversIn-plan rollovers to designated Roth accounts. Printable 1040ez form Special Additional TaxesTax on Early Distributions Tax on Excess Accumulation Survivors and Beneficiaries 11. Printable 1040ez form   Social Security and Equivalent Railroad Retirement BenefitsIntroduction Useful Items - You may want to see: Are Any of Your Benefits Taxable? How To Report Your BenefitsHow Much Is Taxable? Examples Deductions Related to Your BenefitsRepayments More Than Gross Benefits 12. Printable 1040ez form   Other IncomeIntroduction Useful Items - You may want to see: Bartering Canceled DebtsInterest included in canceled debt. Printable 1040ez form Exceptions Host or Hostess Life Insurance ProceedsSurviving spouse. Printable 1040ez form Endowment Contract Proceeds Accelerated Death Benefits Public Safety Officer Killed in the Line of Duty Partnership Income S Corporation Income RecoveriesItemized Deduction Recoveries Rents from Personal Property RepaymentsMethod 1. Printable 1040ez form Method 2. Printable 1040ez form RoyaltiesDepletion. Printable 1040ez form Coal and iron ore. Printable 1040ez form Sale of property interest. Printable 1040ez form Part of future production sold. Printable 1040ez form Unemployment BenefitsTypes of unemployment compensation. Printable 1040ez form Governmental program. Printable 1040ez form Repayment of unemployment compensation. Printable 1040ez form Tax withholding. Printable 1040ez form Repayment of benefits. Printable 1040ez form Welfare and Other Public Assistance Benefits Other IncomeEmotional distress. Printable 1040ez form Deduction for costs involved in unlawful discrimination suits. Printable 1040ez form Energy conservation measure. Printable 1040ez form Dwelling unit. Printable 1040ez form Current income required to be distributed. Printable 1040ez form Current income not required to be distributed. Printable 1040ez form How to report. Printable 1040ez form Losses. Printable 1040ez form Grantor trust. Printable 1040ez form Nonemployee compensation. Printable 1040ez form Corporate director. Printable 1040ez form Personal representatives. Printable 1040ez form Manager of trade or business for bankruptcy estate. Printable 1040ez form Notary public. Printable 1040ez form Election precinct official. Printable 1040ez form Difficulty-of-care payments. Printable 1040ez form Maintaining space in home. Printable 1040ez form Reporting taxable payments. Printable 1040ez form Lotteries and raffles. Printable 1040ez form Form W-2G. Printable 1040ez form Reporting winnings and recordkeeping. Printable 1040ez form Inherited pension or IRA. Printable 1040ez form Employee awards or bonuses. Printable 1040ez form Pulitzer, Nobel, and similar prizes. Printable 1040ez form Payment for services. Printable 1040ez form VA payments. Printable 1040ez form Prizes. Printable 1040ez form Strike and lockout benefits. Printable 1040ez form Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

e-News for Payroll Professionals

Sign-up for e-News for Payroll Providers to receive information about:

  • Recent legislative changes affecting federal payroll reporting,
  • IRS news releases and special announcements pertaining to the payroll industry,
  • New employment tax procedures
  • Other information specifically affecting federal payroll tax returns.

Subscribe / Unsubscribe
Page Last Reviewed or Updated: 21-Mar-2014

The Printable 1040ez Form

Printable 1040ez form 7. Printable 1040ez form   Figuring Gross Profit Table of Contents Introduction Items To Check Testing Gross Profit AccuracyExample. Printable 1040ez form Additions to Gross Profit Introduction After you have figured the gross receipts from your business (chapter 5) and the cost of goods sold (chapter 6), you are ready to figure your gross profit. Printable 1040ez form You must determine gross profit before you can deduct any business expenses. Printable 1040ez form These expenses are discussed in chapter 8. Printable 1040ez form If you are filing Schedule C-EZ, your gross profit is your gross receipts plus certain other amounts, explained later under Additions to Gross Profit. Printable 1040ez form Businesses that sell products. Printable 1040ez form   If you are filing Schedule C, figure your gross profit by first figuring your net receipts. Printable 1040ez form Figure net receipts (line 3) on Schedule C by subtracting any returns and allowances (line 2) from gross receipts (line 1). Printable 1040ez form Returns and allowances include cash or credit refunds you make to customers, rebates, and other allowances off the actual sales price. Printable 1040ez form   Next, subtract the cost of goods sold (line 4) from net receipts (line 3). Printable 1040ez form The result is the gross profit from your business. Printable 1040ez form Businesses that sell services. Printable 1040ez form   You do not have to figure the cost of goods sold if the sale of merchandise is not an income-producing factor for your business. Printable 1040ez form Your gross profit is the same as your net receipts (gross receipts minus any refunds, rebates, or other allowances). Printable 1040ez form Most professions and businesses that sell services rather than products can figure gross profit directly from net receipts in this way. Printable 1040ez form Illustration. Printable 1040ez form   This illustration of the gross profit section of the income statement of a retail business shows how gross profit is figured. Printable 1040ez form Income Statement Year Ended December 31, 2013 Gross receipts $400,000 Minus: Returns and allowances 14,940 Net receipts $385,060 Minus: Cost of goods sold 288,140 Gross profit $96,920   The cost of goods sold for this business is figured as follows: Inventory at beginning of year $37,845 Plus: Purchases $285,900   Minus: Items withdrawn for personal use 2,650 283,250 Goods available for sale $321,095 Minus: Inventory at end of year 32,955 Cost of goods sold $288,140 Items To Check Consider the following items before figuring your gross profit. Printable 1040ez form Gross receipts. Printable 1040ez form   At the end of each business day, make sure your records balance with your actual cash and credit receipts for the day. Printable 1040ez form You may find it helpful to use cash registers to keep track of receipts. Printable 1040ez form You should also use a proper invoicing system and keep a separate bank account for your business. Printable 1040ez form Sales tax collected. Printable 1040ez form   Check to make sure your records show the correct sales tax collected. Printable 1040ez form   If you collect state and local sales taxes imposed on you as the seller of goods or services from the buyer, you must include the amount collected in gross receipts. Printable 1040ez form   If you are required to collect state and local taxes imposed on the buyer and turn them over to state or local governments, you generally do not include these amounts in income. Printable 1040ez form Inventory at beginning of year. Printable 1040ez form   Compare this figure with last year's ending inventory. Printable 1040ez form The two amounts should usually be the same. Printable 1040ez form Purchases. Printable 1040ez form   If you take any inventory items for your personal use (use them yourself, provide them to your family, or give them as personal gifts, etc. Printable 1040ez form ) be sure to remove them from the cost of goods sold. Printable 1040ez form For details on how to adjust cost of goods sold, see Merchandise withdrawn from sale in chapter 6. Printable 1040ez form Inventory at end of year. Printable 1040ez form   Check to make sure your procedures for taking inventory are adequate. Printable 1040ez form These procedures should ensure all items have been included in inventory and proper pricing techniques have been used. Printable 1040ez form   Use inventory forms and adding machine tapes as the only evidence for your inventory. Printable 1040ez form Inventory forms are available at office supply stores. Printable 1040ez form These forms have columns for recording the description, quantity, unit price, and value of each inventory item. Printable 1040ez form Each page has space to record who made the physical count, who priced the items, who made the extensions, and who proofread the calculations. Printable 1040ez form These forms will help satisfy you that the total inventory is accurate. Printable 1040ez form They will also provide you with a permanent record to support its validity. Printable 1040ez form   Inventories are discussed in chapter 2. Printable 1040ez form Testing Gross Profit Accuracy If you are in a retail or wholesale business, you can check the accuracy of your gross profit figure. Printable 1040ez form First, divide gross profit by net receipts. Printable 1040ez form The resulting percentage measures the average spread between the merchandise cost of goods sold and the selling price. Printable 1040ez form Next, compare this percentage to your markup policy. Printable 1040ez form Little or no difference between these two percentages shows that your gross profit figure is accurate. Printable 1040ez form A large difference between these percentages may show that you did not accurately figure sales, purchases, inventory, or other items of cost. Printable 1040ez form You should determine the reason for the difference. Printable 1040ez form Example. Printable 1040ez form   Joe Able operates a retail business. Printable 1040ez form On the average, he marks up his merchandise so that he will realize a gross profit of 331/3% on its sales. Printable 1040ez form The net receipts (gross receipts minus returns and allowances) shown on his income statement is $300,000. Printable 1040ez form His cost of goods sold is $200,000. Printable 1040ez form This results in a gross profit of $100,000 ($300,000 − $200,000). Printable 1040ez form To test the accuracy of this year's results, Joe divides gross profit ($100,000) by net receipts ($300,000). Printable 1040ez form The resulting 331/3% confirms his markup percentage of 331/3%. Printable 1040ez form Additions to Gross Profit If your business has income from a source other than its regular business operations, enter the income on line 6 of Schedule C and add it to gross profit. Printable 1040ez form The result is gross business income. Printable 1040ez form If you use Schedule C-EZ, include the income on line 1 of the schedule. Printable 1040ez form Some examples include income from an interest-bearing checking account, income from scrap sales, income from certain fuel tax credits and refunds, and amounts recovered from bad debts. Printable 1040ez form Prev  Up  Next   Home   More Online Publications