Question

What is the purpose of the 1040 series of tax forms?

To file an extension for submitting your individual tax returns

To file individual tax returns To file corporate tax returns

To declare that you owe nothing in taxes​

Answer 1

To file individual tax returns

Step-by-step explanation:

The IRS 1040 form is a formal document from the IRS that individual taxpayers in the US use to file tax returns. It is a form for filing personal tax returns by US residents. Form 1040 assist an individual in calculating the amount of taxable income. It helps determine the tax amount due or amount of refund to claim from the IRS.