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KXLY January 18, 2021 6:56 AM newsfeedback@fool.com (Charlene Rhinehart, CPA) Posted: Updated: January 20, 2021 8:21 AM There’s no need to spend another second muddled about all the forms you’ll need to file your tax return. Here’s a quick resource to help you get acquainted with forms you may receive before and during tax time. 1. Form 1040, U.S. Individual Income Tax Return If you’ve ever wondered how the IRS calculates your income taxes, this is your one-stop form to unravel all the hidden gems. Form 1040 is where you declare your filing status, take your standard deductions, claim lucrative credits, and determine how much you owe the IRS. This is your starting point to understanding the basics of the tax return.

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