TAX FORMS
Tax forms are official documents taxpayers use to report their income, deductions, credits, and other financial information to the government for tax purposes. These forms vary depending on the taxpayer's filing status, income sources, and deductions claimed. Examples of common tax forms include Form 1040 for individual income tax returns, Form 1099 for reporting miscellaneous income, and Form W-2 for reporting wages and salary income. Tax forms provide a standardized format for reporting financial information, ensuring consistency and accuracy in tax reporting and processing.
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