IRS Issues Draft of New Postcard Tax Return

One of the changes in last year’s tax bill, the Tax Cuts and Jobs Act, was a direction to the IRS to prepare a postcard-sized Form 1040, rather than the current double-sided full page form.  The IRS has released a new draft of the form.  While the promise was that the postcard form would make tax filing easier, that may not be the case.  If you have any questions about the form, any other aspect of the Tax Cuts and Jobs Act, or any questions about Federal Income Tax or Connecticut taxes, please call Robert S. Cooper