In order to find this equation we must first find the slope of the original line. To do this, we solve the original equation for y.
4x + y - 2 = 0
4x + y = 2
y = -4x + 2
The original slope (the coefficient of x) is -4, which means the new slope will also be -4 because parallel lines have the same slope. Now, we can use this slope along with the point in point-slope form to find the equation of the line. Just plug in the numbers and solve for the coefficient.