Brian Larson, CPA, reminded me today that income tax time will bring some significant changes. For starters, Form 1040 for 2018 has changed dramatically. It looks very different compared to the way it has looked for decades.
What’s more, Form 1040A and Form 1040EZ will no longer be used. You have to file 1040. The good news is that 1040 is much shorter. The bad news is that if you couldn’t use 1040A or EZ in the past, the shorter 1040 isn’t going to be much help, because all the stuff they took off of 1040 is now on one of the six (!) schedules that go with it.
The new schedules are numbered, 1 through 6. I guess Schedules A, B, C, and D, which have also been around for as long as I can remember, are gone.
If you want to find out more, there’s a page on the IRS web site with a condensed explanation of the new 1040 and schedules, with links to the forms.
The contents of this blog, this web site, and any writings by me that are linked here, are all my personal commentary. None of it is intended to be legal advice for your situation.