tax forms

Tax forms are official documents used by individuals and businesses to report their income, expenses, and other financial information to the government for tax purposes. They help determine how much tax you owe or the refund you might receive. Common forms include the 1040 for personal income tax in the U.S. and W-2 for reporting wages. Each form has specific instructions and requirements, ensuring that taxpayers provide accurate information. Completing these forms correctly is important to comply with tax laws and avoid penalties.