Bloomberg News
Slide 1 of 10

In late June, the Internal Revenue Service and the Treasury Department unveiled a new, postcard-sized version of the classic Form 1040, with the goal of replacing the current 1040, and the current Form 1040A and Form 1040EZ, for next tax season. It takes a “building block” approach, according to the IRS, removing all information that isn’t strictly necessary, and placing it on a series of supplemental schedules.

The IRS is accepting comments on the proposed form and schedules for the next couple of weeks at WI.1040.Comments@IRS.gov. It expects to release revised proposals after that.


next