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Welcome to Form 1040a, lesson 2. In this lesson, we will understand the requirements for using a 1040a compared to a 1040ez or 1040. We will fill out a sample 1040a to see the differences. A 1040a is similar to a 1040ez but allows for a dependent child. Additional tax credits can be claimed with a 1040a. A practice problem involves Joe and Katrina Smith, married with one child, working at a hospital and grocery store respectively, renting a townhome, and receiving $16 interest without a 1099 int. Tracking this interest is important.
