Aug 11

New Draft 1040 for 2019

Form 1040 is again changing for 2019 (possibly the form is beginning to morph back towards something similar to the 2017 1040). A draft of this new 2019 form was released by the Internal Revenue Service last  month.

So much for the post card thought. Those in the profession will tell you though, there were plenty of goodies for  taxpayers in recent new tax law legislation.

While it appeared we were headed for simplification there is extreme complication with some of the provisions of this new legislation. The 20% qualified business income deduction is a prime example.