Employees of the Internal Revenue Service (IRS) returned to work just in time for the 2019 tax-filing season to begin. By mid-day Monday, several million tax returns had already been received for processing, and the IRS expects about 150 million individual tax returns by the April 15th deadline. As a reminder, a new Form 1040 is being used for tax year 2018. Details about this change and other information for the 2019 federal filing season can be found here.
The Internal Revenue Service (IRS) announced plans to consolidate the federal Forms 1040, 1040A and 1040EZ into a single Form 1040 for the 2019 filing season. The shorter form would be supplemented with schedules for more complex tax filing situations. Tax professionals can view the proposed new Form 1040 in draft form here and submit any comments to [email protected].