Ohm's Law in phasor form relates the voltage, current, and impedance in alternating current (AC) circuits using phasors, which are complex numbers representing sinusoidal functions. It expresses that the phasor voltage ($$V$$) across an impedance ($$Z$$) is equal to the phasor current ($$I$$) times the impedance, given by the equation $$V = IZ$$. This formulation helps analyze AC circuits by simplifying calculations involving sinusoidal sources and their effects on circuit components.