2000 Tax Help Archives  

Tax and Credits Figured by the IRS

This is archived information that pertains only to the 2000 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

If you choose, the IRS will figure your tax and certain credits on Form 1040EZ, Form 1040A, or Form 1040 if you mail your return by April 17, 2000. This applies even if you don't have to file a return but are filing to claim the earned income credit or a refund of taxes paid. If you paid too much tax (either through withholding or estimated taxes), you will receive a refund. If you did not pay enough, you will receive a bill. If the Internal Revenue Service figures your tax, you will not be charged interest or penalty for late payment if the bill for the tax due is paid within 30 days of the date of the bill, or April 17, 2000, whichever is later. If a balance is due, make your check payable to the U.S. Treasury. If you did not pay enough tax during the year, you may be charged a penalty for underpayment of estimated tax. See Topic 306 for more detailed information.

Fill in parts of the return and any schedules that apply. See Publication 967, The IRS Will Figure Your Tax for complete information.

If you qualify for the earned income credit or the tax credit for the elderly or the disabled, IRS will figure it for you. However, there are certain requirements you must meet to qualify for these credits. See Publication 596, Earned Income Credit, and Publication 524, Credit for the Elderly or the Disabled to see if you qualify. Also, see Topic 601, Earned Income Credit, or Topic 603, Credit for the Elderly or the Disabled. Publication 967 provides details on what information you must provide us, such as which lines you must fill in and which forms you must complete and attach to your return.

Forms and publications can be downloaded from this site, or ordered by calling 1-800-829-3676.

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