IRS Releases Draft of New Form 1040 for 2019

On June 29, 2018, the IRS released a draft of the new Form 1040 intended to simplify filing for taxpayers with straightforward tax returns. At approximately half the length of the current Form 1040, the new Form 2014 would replace the current Form 1040, Form 1040A, and Form 1040EZ. Taxpayers needing to supplement the “simple” Form 1040 would then build on the basic form with supplemental schedules, as needed. The IRS is currently accepting comments and feedback on the draft Form 1040 throughout the summer, and anticipates having a final version later this year.

A copy of the Draft NEW Form 1040 can be accessed here.