{"id":23850,"date":"2018-07-05T09:31:10","date_gmt":"2018-07-05T14:31:10","guid":{"rendered":"http:\/\/postalemployeenetwork.com\/news\/?p=23850"},"modified":"2018-07-05T09:31:10","modified_gmt":"2018-07-05T14:31:10","slug":"irs-working-on-a-new-form-1040-for-2019-tax-season","status":"publish","type":"post","link":"https:\/\/postalemployeenetwork.com\/news\/2018\/07\/05\/irs-working-on-a-new-form-1040-for-2019-tax-season\/","title":{"rendered":"IRS Working on a New Form 1040 for 2019 Tax Season"},"content":{"rendered":"

Under President Trump’s tax reform plan<\/a> the IRS is attempting to streamline IRS Form 1040. See the IRS statement below:<\/strong><\/em><\/p>\n

June 29, 2018<\/p>\n

WASHINGTON \u2013 As part of a larger effort to help taxpayers, the Internal Revenue Service plans to streamline the Form 1040 into a shorter, simpler form for the 2019 tax season.<\/p>\n

The\u00a0new 1040<\/a>\u00a0\u2013 about half the size of the current version — would replace the current Form 1040 as well as the Form 1040A and the Form 1040EZ.\u00a0 The IRS circulated a copy of the new form and will work with the tax community to finalize the streamlined Form 1040 over the summer.<\/p>\n

This new approach will simplify the 1040 so that all 150 million taxpayers can use the same form. The new form consolidates the three versions of the 1040 into one simple form. At the same time, the IRS will still obtain the information from each taxpayer needed to determine their tax liability or refund.<\/p>\n

The new Form 1040 uses a \u201cbuilding block\u201d approach, in which the tax return is reduced to a simple form. That form can be supplemented with additional schedules if needed. Taxpayers with straightforward tax situations would only need to file this new 1040 with no additional schedules.<\/p>\n

Since more than nine out of 10 taxpayers use software or a tax preparer, the IRS will be working with the tax community to prepare for the streamlined Form 1040. This will also help ensure a smooth transition for people familiar with software products and the interview process used to prepare tax returns.<\/p>\n

Taxpayers who file on paper would use this new streamlined\u00a0Form 1040<\/a>\u00a0and supplement it with any needed schedules.<\/p>\n

\n

IRS Caution: DRAFT\u2014NOT FOR FILING
\nThis is an early release draft of the 2018 IRS Form 1040, U.S. Individual
\nIncome Tax Return, which the IRS is providing for your information,
\nreview, and comment. There is a 30-day comment period for this draft form
\n(see below). Do not file draft forms. Also, do not rely on draft forms,
\ninstructions, and publications for filing. We generally do not release drafts
\nof forms until we believe we have incorporated all changes. However, in
\nthis case we anticipate it is likely that this draft will change at least
\nslightly before being released as final. Whether this draft changes or not,
\nwe will post a new draft later this summer with our standard coversheet
\nindicating we do not expect that draft to change. Forms generally are subject
\nto OMB approval before they can be officially released. Early release drafts
\nare at IRS.gov\/DraftForms, and may remain there even after the final release
\nis posted at IRS.gov\/LatestForms. All information about forms, instructions,
\nand publications is at IRS.gov\/Forms.
\nAlso, note that almost every form and publication also has its own page
\non IRS.gov. For example, the Form 1040 page is at IRS.gov\/Form1040; a
\nForm W-8BEN-E page is at IRS.gov\/W8BENE; the Publication 17 page is
\nat IRS.gov\/Pub17; the Form W-4 page is at IRS.gov\/W4; and the Schedule
\nA (Form 1040) page is at IRS.gov\/ScheduleA. If typing in a link instead of
\nclicking on it, be sure to type the link into the address bar of your browser,
\nnot in a Search box. Note that these are friendly shortcut links that will
\nautomatically redirect to the actual link for the page.
\nIf you wish, you can submit comments about this draft Form 1040 to
\nWI.1040.Comments@IRS.gov. We cannot respond to all comments due to
\nthe high volume we receive. Please note that we may not be able to consider
\nsome suggestions until the subsequent revision.<\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Under President Trump’s tax reform plan the IRS is attempting to streamline IRS Form 1040. See the IRS statement below: June 29, 2018 WASHINGTON \u2013 As part of a larger effort to help taxpayers, the Internal Revenue Service plans to streamline the Form 1040 into a shorter, simpler form for the 2019 tax season. The\u00a0new […]<\/p>\n","protected":false},"author":1,"featured_media":23851,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-23850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","last_archivepost"],"_links":{"self":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/23850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/comments?post=23850"}],"version-history":[{"count":1,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/23850\/revisions"}],"predecessor-version":[{"id":23852,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/23850\/revisions\/23852"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media\/23851"}],"wp:attachment":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media?parent=23850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/categories?post=23850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/tags?post=23850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}