1040 Exam Prep - Module I: The Form 1040 Formula
By Norma Wahnon
Published: December 9, 2011.
Module I of the 1040 Exam Prep e-Books Series presents an overall picture of the components included on an individual tax return preparation. Form 1040 is easier to understand if it is viewed as an algebraic sum or formula of tax concepts aligned to determine the adjusted gross income, taxable income, and tax liability of an individual taxpayer.