In this video, we explain what an IRS 1040 form is and how to file it?. Learn more about IRS 1040 Form here: https://bit.ly/3rZudQO. Form 1040 is how individuals file personal income tax to the IRS. It’s used to report your gross income—the money you made over the past year—and how much of that income is taxable after credits, deductions, and personal exemptions. It will determine the amount of tax you owe or the refund you receive. *** Check Out These Other Videos You Might Like: ▪ How to Reduce Your Tax Bill With Itemized Deductions: ▪ How To Calculate Estimated Tax Payments: ▪ Year-End Tax Moves for Small Business Owners: Helpful Resources: ▪ Bench FAQs for Tax Professionals: https://bit.ly/3t1ZcNg ▪ When Are Taxes Due? 2021 Filing & Extension Deadlines: https://bit.ly/2Pbgr0f ▪ Bench for Tax Professionals: How it Works: https://bit.ly/2Q2LETe Let us know your thoughts about what an IRS 1040 form is in the comments below, and don’t forget to subscribe to our channel for more content about the IRS 1040 form! *** Join Our Growing Community Of Small Business Owners: Facebook: https://www.facebook.com/BenchAccounting/ Instagram: https://www.instagram.com/benchaccounting/ Twitter: https://twitter.com/bench LinkedIn: https://www.linkedin.com/company/benchaccounting/ *** How Bench Can Help: Try us for free - we’ll do one month of your bookkeeping and prepare a set of financial statements for you to keep: https://bit.ly/3uGK3le With Bench, you get a bookkeeping team to complete your monthly books and help you make decisions to support the best interests of your business. We’ve helped thousands of small business owners take back more time to focus on doing what they love! With Bench on your team, you’ll have properly completed books to help you: 1. Get real-time insights into the financial health of your business 2. Manage your expenses with detailed expense tracking 3. Use bookkeeping records for loan applications and loan forgiveness 4. File your taxes at tax time with our annual financial package, and make the most of your tax deductions Plus, if you ever have questions, your dedicated team of experts are just a quick message away in the Bench app. *** About Bench: We're an online bookkeeping and tax prep service powered by real humans. With Bench, you get a dedicated team of experts to track every detail for you. Your bookkeeping team imports bank statements, categorizes transactions, and prepares financial statements every month. Come tax season, we handle the tax prep and filing, and even offer year-round tax advisory support. #Tax #IRS #IRSForm