Step 1: Understanding the Question:
We are given an inverse trigonometric equation involving a sum of arctangent functions equal to $\frac{\pi}{4}$. We need to solve for $x$.
Step 2: Key Formula or Approach:
Use the identity $\tan^{-1} A + \tan^{-1} B = \tan^{-1} \left( \frac{A+B}{1-AB} \right)$.