August 12th, 2019
New draft forms are here we say—doo dah doo dah
How do you think the final versions will play? Oh doo dah day
Comments they will fly
Changes they will try
I’m bettin’ we won’t know until next July oh doo dah day!
On July 11, the IRS released a draft of the 2019 Form 1040.
The comment period ends on August 15. To express your opinion, send an email to WI.1040.Comments@IRS.gov.
The IRS also recently released the draft of the Form 1040-SR, which is designed to meet the mandate of the Bi-Partisan Budget Act (BBA) to provide senior citizens with a simplified way to file their taxes.
(Sorry—no fine Corinthian leather)
A 30-day comment period began July 11, 2019. Like the draft 2019 Form 1040, the public has until August 15, 2019 to provide comments on the draft form. Use the same comment email address mentioned at the top of this report.
As of May 23, 2018, IRS statistics for tax filing year 2017 show there were just slightly more than 134 million tax returns filed. Out of that number, more than 124 million were electronically filed. So we would like to thank the IRS for their diligent effort to aid the 7% of taxpayers who still file their returns by paper. As for the 93% who electronically filed for 2017, we merely say, Oh Doo Dah Day…
by Tom O’Saben, EA
Disclaimer: University of Illinois Tax School is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in this site is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information. This blog and the information contained herein does not constitute tax client advice.