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  • Kathryn Bruns, CPA

Here we go again, the old "postcard" claim

Last year at about this time, the IRS bragged about their new 2018 Form 1040 template, claiming it was so simple, like a post card. The reality ended up being that page 1 may have resembled a postcard, but to get the full story of one's tax return, you had to rifle through multiple add-on pages. It was NOT intuitive or user friendly at all. I guess they received a lot of similar feedback for 2018, because the IRS is apparently at it again, "simplifying" their Form 1040 for 2019. I wonder if it will in fact end up better....we will soon find out. Don't try to sort through your taxes yourself, contact a qualified preparer like me to help you stay clean. Clean and drama free is the motto for 2020. Happy New Year and Happy Tax Season !! Check out my website to learn more about me here


FROM THE IRS:

The IRS recently released a draft version of the 2019 Form 1040. The 2019 form has changed significantly from the 2018 Form 1040. Whereas the 2018 Form 1040 included six schedules that needed to be attached to the 1040, the 2019 version has been reduced to the following three schedules: - Schedule 1 - Additional Income and Adjustments to Gross Income, - Schedule 2 - Additional Taxes, and - Schedule 3 - Additional Credits and Payments.

Schedule 1 is generally unchanged from the 2018 version. Schedule 2 combines Schedules 2 and 4 from the 2018 version. Schedule 3 combines Schedules 3 and 5 from the 2018 version.

In addition, the 2019 Form 1040 is slightly longer than the 2018 version because it now includes reporting and calculation of taxable income, and the calculation of tax, including credits. As a result, pages one and two of the 2019 Form 1040 take up about three quarters of a page each rather than a half page each.


Do you think your 2018 income tax return looked like a postcard?


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