The Facts About Income Tax Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you. Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Emotional vs. Strategic Decisions Information vs. instinct. Are your choices based on evidence of emotion? Building Your Legacy A four-step framework for building a personal legacy. What Is My Current Cash Flow? Assess whether you are running “in the black” or “in the red” each month.