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In this tutorial, Sean, a certified public accountant specializing in taxation, teaches viewers about Form 1040, the U.S individual income tax return. He covers the basics of the form and provides a step-by-step guide on how to fill it out accurately. Form 1040 is crucial as it determines the amount of income taxes owed to the IRS. It is important to fill out the form correctly as it is due around April 15th. Sean emphasizes the importance of correctly completing the form to avoid issues with the federal government.