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2CHAPTERActivity: Individual 2 0 M I N.
Materials: One activity
handout per student and
access to foundations.
Com/2 (optional)
Objective: The purpose of
this activity is to understand the importance
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What is 2 0 m i?
2 0 m i stands for Form 1040, U.S. Individual Income Tax Return.
Who is required to file 2 0 m i?
Individuals who meet specific income thresholds or have certain tax situations are required to file Form 1040.
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You can fill out Form 1040 by providing information about your income, deductions, credits, and tax liability for the tax year.
What is the purpose of 2 0 m i?
The purpose of Form 1040 is to report your annual income to the IRS and calculate your tax liability for the year.
What information must be reported on 2 0 m i?
You must report your income, deductions, credits, and tax liability on Form 1040.
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