IRS Discontinues Schedule C-EZ and Other Forms for 2019
IRS has announced that, for 2019, it will not be issuing certain forms that it issued in 2018. The obsolete …
Draft Instructions for 2018 Form 1040 released by IRS
IRS has released the Draft Instructions for the 2018 Form 1040. The new draft version of the 2018 Form 1040 …
2018 draft Form 1040 reduced to “postcard” size but requires more schedules
The new draft version of the 2018 Form 1040, obtained by Thomson Reuters Checkpoint from congressional staff, is markedly different …
The 2018 Bipartisan Budget Act’s retroactive provisions and the current filing season
The Bipartisan Budget Act of 2018 (BBA), which was enacted after IRS issued final versions of 2017 tax forms, made …
FBARs due Apr. 17, 2018, but filers who miss deadline get automatic 6-month extension
The Financial Crimes Enforcement Network (FinCEN), a bureau of the Treasury Department, has posted a clarification to its website regarding …
What’s New on the 2017 draft Form 1040 and related forms and schedules–Part II
IRS has released on its website a number of draft tax forms and instructions for the 2017 tax year, including …
What’s New on the 2017 draft Form 1040 and related forms and schedules–Part I
IRS has released on its website a number of draft tax forms and instructions for the 2017 tax year, including …
IRS initiates pilot program for auditing farmers’ Form 1040, Schedule F expenses
IRS’s Small Business/Self-Employed Division (SB/SE) has issued an internal memorandum that explains a pilot program for auditing expenses taken on …
IRS won’t reject returns that are silent regarding compliance with ACA individual mandate
On its website and in a statement, IRS has announced that it will not reject returns for tax year 2016 …