Form 1040 - Changing Again for 2019. Will it reduce or add confusion?
Form 1040 is changing again for 2019.
After going to great strides to reduce the main U.S. Individual Income Tax Return to a postcard size document, the IRS is once again modifying Form 1040.
Key changes include moving the signature box to page 2, spaces for entering spouse and dependent names, all income lines are now listed on page 1, removal of the checkbox for health care coverage since that’s no longer mandatory, separate lines for a variety of credits, and some other “housekeeping” adjustments.
Overall, we believe the revisions create a more cohesive and logical flow of the key income, deductions and credits.
What do you think?
You can see the draft form by clicking the link below.Read full article »
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