Defining Form 1040

For those of you who are not familiar with US tax forms, "Form 1040" is the most common of the US Federal tax forms. Most people file one of the several versions of this form.

Ever wonder why the IRS calls it Form 1040?

Because for every $50 that you earn, you get 10 and they get 40.

Sent by: Joke Labs posted on 02 July 2007