Tax Return (Form 1040)
What does it mean
The Form 1040 Tax Return is the form used to determine the taxable income of an individual.
Why does it matter
The Form 1040 will be a banker's most frequently reviewed tax form because it is the form used for all individuals. In a 1040, a banker can determine the following income sources:
- Wages
- Interest Income (Schedule B)
- Retirement Income
- Business Income
- Rental Income (Schedule E)
- Etc
Other Relevant Terms
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A bit about me
Greetings! I'm Clay Sharkey, and there is nothing I like more than assisting others in achieving their goals. I firmly believe that by enhancing a banker's understanding of their customer's' business, they can provide superior service. This superior service, in turn, leads to stronger relationships for the bank, improved performance for the businesses, and better experiences for our communities. Win-win-win.
