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This form is prescribed for reporting income tax information to the IRS.
Individuals, businesses, and organizations who have taxable income are required to file this form.
The form can be filled out manually or electronically following the instructions provided by the IRS.
The purpose of this form is to report income, deductions, and credits to calculate the amount of tax owed.
Information such as income, expenses, deductions, and credits must be reported on this form.
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