Individual Tax Preparation in DFW (Dallas-Fort Worth)

Individual Tax Return — Form 1040 (Employment Income)

The Form 1040 is used for tax filing purposes. The form is known as a U.S. Individual Income Tax Return and it will be used by people who need to file their yearly income tax return. The form will be received and recorded by the United States Internal Revenue Service. The Form 1040 is one of the simplest forms available to accurately and completely file income taxes.

A Form 1040 will require a lot of personal information. Information to prove your identity will be needed, including full name, social security number, and address. Financial information is also required. This is how the IRS will ensure you are paying the appropriate amount of income tax. You will need to include your total earnings for the year from your job. Certain expenses and deductions can also be included in order to reduce the amount of taxes you owe.

Self-Employment Income and Your Individual Tax Return

If you freelance or work as an independent contractor, clients may send you Form 1099-NEC to report payments; banks and other payers may issue other 1099 forms. These are income statements, not tax returns. We help you reconcile them with your records, report all taxable income on your Form 1040, and prepare Schedule C and Schedule SE when applicable, including eligible business expenses and self-employment tax.

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