For years, individual taxpayers have been promised tax simplification that would result in a Form 1040 which would be the size of a postcard. Despite the rhetoric about simplifying the tax laws, most practitioners would say that the TCJA actually made the overall tax rules more complex. But that has not stopped the IRS from giving that “postcard 1040” a shot. The IRS has posted on its website a draft version of the Form 1040 for 2018 that is one-half page long and two sided. However, to accomplish this “feat,” the IRS was required to create six new supporting schedules (cleverly named Schedule 1, Schedule 2, Schedule 3…) to support the now-shortened Form 1040. These schedules are in addition to the schedules that previously existed and will continue to exist, such as Schedules A, C, D, E, F, H, and SE. If you are curious, the draft form and the new schedules can be found here. Note that this new form will replace the current 1040, 1040EZ, and 1040A and, if you are not filing electronically, will need to be mailed in an envelope to prevent public disclosure of your social security number.
-
INDUSTRIES
-
SERVICES
-
- CPA Tax Services
- Tax services for businesses
- Tax services for nonprofits
- Business Transition Strategy
- Credits and Incentives
- Cost Segregation Studies
- Opportunity Zones
- R&D tax credits
- Section 179D Energy Efficient Tax Deduction
- State and Local Tax Incentives
- Work Opportunity Tax Credit
- Individual Tax
- International tax
- State and Local Tax Services
-
-
SOFTWARE SOLUTIONS
-
- Wipfli Marketplace
- Wipfli Connect Industry CRM Solutions
- Wipfli Connect for Banking
- Wipfli Connect for Nonprofits
- Wipfli Connect for Contractors
- Wipfli Connect for Manufacturing
- Wipfli Connect for Real Estate
- Integrated Products for Sage Intacct
- CFO Connect for Sage Intacct
- EMRConnect for Sage Intacct
- Equipment Management
- LM-2 on Sage Intacct
- Concur Connectors for Sage Intacct
- PositivePay for Sage Intacct
- SchoolConnect for Sage Intacct
- Integrate invoice processing & AP automation with Concur Connectors
-
-
ABOUT
-
-
CAREERS
- CONTACT
- LOCATIONS