New Form 1040
IRS is working on replacing the current Form 1040 as well as Forms 1040A and 1040EZ for tax year 2019. The IRS is trying to finalize the new form 1040 over the summer, but they did release an early draft this last Friday. This is good news for taxpayers that have simpler financial situations.
Early Draft For New Form 1040 Released
The new draft, which has a “building block” approach, is the size of a postcard:
You can find out more information about the new draft on the IRS website.
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