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Thread: IRS Releases 2018 Form 1040 AND Six Associated Schedules

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    Default IRS Releases 2018 Form 1040 AND Six Associated Schedules

    The IRS has now released draft forms of the 2018 Form 1040 as well as six related "schedules." Here we go!

    LINK --->>> https://apps.irs.gov/app/picklist/li...mitSearch=Find

    Form 1040 - Everyone files this one. No more 1040A or 1040EZ. They're both gone!

    Schedule 1 - "Additional Income and Adjustments to Income" - Anyone have to report taxable state refunds, or Schedule C income, or any routine adjustments to income (SE or SEHI or deductible IRA payments?)

    Schedule 2 - "Tax" - Probably a low-use form.

    Schedule 3 - "Nonrefundable Credits" - Forms 2441 and 1116 and 8880 amounts transfer here

    Schedule 4 - "Other Taxes" - Schedules SE and H in addition to Form 5329 taxes transfer here

    Schedule 5 - "Other Payments and Refundable Credits" - Think anyone might have made any 2018 federal estimated tax or extension payments?

    Schedule 6 - "Foreign Address and Third Party Designee" - Gosh, think any of us ever have had an instance to provide "third party designee" information on a federal tax return ? ?

    So much for the "postcard tax return" I guess.

    As I said earlier, don't sell your H&R Block stock yet. If you see a sale on printer paper, you also might want to consider its merits.

    And I guess now we will have to deal with a two-headed client tax monster next spring: 1) "There's a big tax cut. . .why is my refund so small??" and 2) "Why are my tax prep fees still so high. . .when I can now file on a 'postcard'??"

    FE.
    Last edited by FEDUKE404; 07-09-2018 at 04:13 PM.

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