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Video instructions and help with filling out and completing Are Form 2350 Guides

Instructions and Help about Are Form 2350 Guides

Hello everybody, all right. In this video, I'm going to do something ridiculous because I actually enjoy doing my taxes. This year, I decided I'm gonna do my taxes entirely by hand. I'm actually gonna fill out the 1040 tax return form. It's completely free and I did, even though my taxes are pretty complicated. I've got rental income, dividends, self-employment income, and I wanted to walk you through it to show you how easy it is, especially if your tax situation is even simpler than mine. Now, if you're gonna do this, it's gonna take about probably six to ten hours. Now, for me, yeah, that's a lot but I kind of enjoy it on one hand, but also it really helps me get a good feel for what's going on with my money and understand how my tax code works in the country I live in. So, I think, I think it's useful educational and if you're crazy, a little fun. First, let me show you what your tax return is. Your tax return is this simple two-page document form 1040 that you fill out and you send in to the government to tell them how much income you made and how much tax you've already paid through withholding on your paychecks. As you can see, there are only 79 lines on this form, and if your tax situation is really easy, you might be able to fill out form 1040a or 1040ez, which is even smaller. But let's go with the worst case. So, let's just summarize exactly what this form looks like. First is a section that's just your information, you, and your spouse if you're married filing jointly. A name, address, social security number, etc. The next section is called exemptions. You get one exemption for yourself, your...