In an effort to streamline the filing of Form 1040 for both taxpayers and tax professionals, the IRS is crafting a shorter, simpler form for tax year 2018 returns.

The intent of the new 1040 is to replace the current versions of Form 1040, Form 1040A and Form 1040EZ. This consolidated approach enables the IRS to obtain enough information from each taxpayer to determine their refund or liability. As needed, the new 1040 can be supplemented with additional schedules.

Read the IRS’ news release about the new Form 1040
Read More

You can preview the early release draft of the 2018 IRS Form 1040, U.S. Individual Income Tax Return. The IRS is providing this preview for your information, review and comment — this draft is not for filing.

You can rest assured that TaxAct Professional is working diligently to ensure a timely and accurate release of the 2018 software!