Plain-English answers for every line on every major IRS form. No jargon. No IRS-speak.
The primary form filed by most individual U.S. taxpayers. Form 1040 covers wages, interest, dividends, capital gains, deductions, credits, and tax owed or refunded.
Used by sole proprietors to report income and expenses from a business. Schedule C calculates net profit or loss, which flows to Form 1040 as self-employment income.
The form your employer sends you each year showing your total wages, tips, and other compensation along with all taxes withheld. You need this form to file your federal and state tax returns.