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Everything Old Is New Again As IRS Releases Form 1040 Draft

Source: forbes.com - Jul 25, 2019

Just six (or so) months after the Internal Revenue Service (IRS) released the much talked about - and maligned - form 1040 for the 2018 tax year, there’s a new draft in town. Here’s a quick peek at the latest version, intended for the 2019 tax year:

Still determined to inspire tax professionals to kick their copy machines, the first page of the form 1040 doesn’t fill the page. Instead, as last time, it takes up just 2/3 of the page. It just feels like a Congressional compromise: still bigger than the promised postcard, but smaller than a standard size piece of paper.

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Category: General Business