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In this tutorial, Sean, a certified public accountant specializing in taxation, introduces Form 1040, the U.S. individual income tax return. He provides basics about the form and explains how to fill it out. Form 1040 is crucial as it determines how much income tax you owe the IRS. It is important to fill out the form correctly as it affects what you owe the federal government. The form is due around April 15th, so it's essential to understand how to fill it out before the deadline.