Final answer:
The Form 1040 is a U.S. income tax form that individuals use to file their annual tax returns. It consists of two pages and is accompanied by various schedules, such as Schedule 1, which may be required depending on the taxpayer's circumstances.
Step-by-step explanation:
The Form 1040 is a U.S. income tax form that individuals use to file their annual tax returns. It consists of two pages and is accompanied by various schedules, such as Schedule 1, which may be required depending on the taxpayer's circumstances.
To complete the Form 1040, you will need to gather information about your income, deductions, and credits for the tax year. This information can be found in your W-2 forms, 1099 forms, and other relevant documents.
Once you have all the necessary information, you will enter it into the appropriate sections of the Form 1040, calculating your taxable income, deductions, and ultimately your tax liability. You may also need to fill out additional schedules, such as Schedule 1, if necessary.