Latest handy numbers
Final 1040 form
IRS has released the final version of its new 1040 form and its six new schedules: F/1040, Sch/1 Additional Income, Sch/2 AMT & PTC, Sch/3 Nonrefundable Credits, Sch/4 Other Taxes, Sch/5 Refundable Credits, Sch 6 Foreign Address or Third Party Designee.
Tax Reform pub for taxpayers
The IRS has issued a “summary” of tax reform provisions geared toward taxpayers (who want to know a lot): Pub 5307, Tax Reform Basics for Individuals and Families
Renew your PTIN
PTIN renewal season has opened. To file returns for clients next year, you need to renew your PTIN by Dec. 31.
The good news — there is no charge to renew your PTIN for 2019. So, there’s no reason to put it off. Go to www.IRS.gov/ptin or rpr.irs.gov.
That’s also where you can check your Continuing Education credits.
IRS announcements & guidance
- 2019 inflation adjustments: Rev.Proc. 2018-57
- 2019 mileage rates
- Deducting business meals: Notice 2018-76
- FAQ on 20% Deduction for Qualified Business Income
- Section 199A guidance
IRS also has set up a webpage of resources about the Tax Cuts & Jobs Act (TCJA).