Can 990 Schedule R Instructions 2023-2024

Hi, this is Evan Hutcheson and I'm going to go over the basic 1040 tax return. I will just kind of go over a grand overview of these two pages of this 1040. I'm not going to go over the other schedules and forms. This is the form that everything flows into, so no matter what you're going to have to file a Form 1040 if you're filing a US income tax return. You might not have to file any more schedules or forms, but everything that you do file flows into this form right here. So it's two pages long. As I said, this is kind of what it looks like and the final final numbers are right here. You're either going to get a refund or you're going to owe, and that's what all this is about. So if we start at the top, we'll put your name - John Doe, and your social right here. John Doe does not have a spouse, he lives on one two three Main Street, and he has no dependents. If you had a spouse, oh go right here. If you had a dependent, we go right here, and that would increase his exemptions. So it's just him, so it says one personal exemption and we'll get to that in just a second. The next portion of the return is the income portion. Now, there are many different kinds of income that need to be reported on your income tax return. One of the main ones and one of the ones that most a lot of people are only familiar with is the W-2 income. Some people just get a W-2 and they're used to just filing it and getting a refund because usually there's enough federal income tax being withheld to...