ELI5: Explain Like I'm 5

IRS tax forms

Okay kiddo, so you know how when you buy things, you usually have to pay some extra money that's called "taxes"? Well, the government uses that money to help pay for things like schools, roads, and hospitals.

Now, since everyone has to pay taxes, they need to fill out a special form called an "IRS tax form" to tell the government how much money they earned and how much taxes they already paid.

There are different kinds of tax forms for different situations. For example, if you have a job, you'll fill out a form called a "W-2" that tells the government how much money you made and how much they should take out of your paycheck for taxes.

If you have your own business or work freelance, you'll need to fill out a different form called a "1099" to show how much money you earned from different clients.

The IRS tax forms can look pretty confusing at first, but they usually come with instructions that help you fill them out step by step. It's important to fill out your tax forms accurately and on time, because if you don't, you could end up owing the government more money or even getting in trouble.

But don't worry, grown-ups usually get help from accountants or special software to make sure they fill out their tax forms correctly. And now you know a little bit more about how taxes work!