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In this video, 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 explains the importance of filling it out correctly to determine the income taxes owed to the IRS. With tax season approaching and W-2 forms being received from employers, it's crucial to understand how to fill out Form 1040 accurately. The form is due around April 15th, so Sean provides a tutorial on how to fill out the form to ensure compliance with federal tax requirements.