Changes in the Tax Forms

Last 2018m the IRS created a shorter "post-card" size tax form to replace the existing Form 1040. The new 1040 has 6 schedules which report items that in pastyears were located on the 1040. These six schedules reports various items such as:

• Income

• Adjustments

• Credits

• Taxes

• Payments

• Foreign Address

The IRS recently revealed that they will be redesigning the 1040 for 2019. The six schedules that are used in 2018 are reduced to three schedules for 2019

New things to be updated in 2019 1040 Form

• Date of divorce should be entered

• Alimony