Tax forms

A proposed revision to the standard withholding document heralds major changes.

CPAs and EAs are raising objections to the draft version of the Employee’s Withholding Allowance Certificate.

The National Association of Enrolled Agents has written a letter to the Internal Revenue Service strongly criticizing the draft version of the new Form W-4, the Employee’s Withholding Allowance Certificate, saying it raises privacy concerns and creates a “substantial risk of underwithholding.”

The Internal Revenue Service’s six additional schedules hardly seem to fit onto a postcard.

The draft version of the streamlined form tries to deliver on one of the promises of the tax simplification effort, but adds more schedules.

The IRS’s new 1040 tax form doesn’t exactly fit on a standard postcard as Republicans promised, but it’s smaller and simpler than before — and it may push more filers to use software rather than in-person tax preparers.

The short form would fulfill one of the promises of last December’s tax overhaul.

The first quarterly payments are due on April 17.

Late receipt of wage reporting documents is reducing the capabilities of a new system for deterring tax cheats.

The Internal Revenue Service may be changing Schedule UTP, the Uncertain Tax Position Statement, which corporate taxpayers file with their Form 1120 tax returns, because it doesn’t contain enough information to be useful in compliance efforts, according to a new report.