The IRS recently released a revised Form 1040 in draft form for 2018 individual tax returns touting the simplification of the form resulting in a "postcard-sized" form. But the size reduction resulted in six new schedules. Is this really simpler? The jury is still out but there is a pretty steep learning curve for the upcoming filing season with both a new form and the new tax law being enacted. US News & World Report has an article summarizing the new form and the schedules that go along with it. If you are intimidated by change or think now is the time to get help with your tax preparation, contact us and let us do the worrying about the changes.
J. Alan Hayes