1040EZ FORM

Alternative to the Internal Revenue Service (IRS) 1040 form, which gives an easier and faster way of filing taxes. This is for taxpayers with rudimentary tax situations. To be eligible in using this type of form, one must have a taxable income of less than $100,000, interest income of no greater than $1,500, and has no dependents. Also called easy form or income tax return for single and joint filers with no dependents.