Tax Law and News IRS Announces They Are Working on a New 1040 Tax Form; Intuit ProConnect Has Got You Covered Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Intuit Accountants Team Published Jun 29, 2018 1 min read Today the IRS announced they are working on changes to the 1040 tax forms. The IRS has said that “this new approach will simplify the 1040 so that all 150 million taxpayers can use the same form. The new form consolidates the three versions of the 1040 into one simple form.” In addition to shortening Form 1040 to a postcard-sized return, the changes eliminate Forms 1040EZ and 1040A and increase the number of tax schedules supporting Form 1040 by six additional forms. The 1040 forms (1040, 1040A, 1040 EZ) are the most common tax forms. The announcement today is the first major change to 1040 tax forms in decades. But, Intuit® ProConnect™ has you covered. Our teams are working with the IRS and Treasury, and our products will be up to date for next tax season so you can file with complete confidence with ProConnect (ProConnect Tax Online, Lacerte® and ProSeries®). Who will be able to file with the new Form 1040? Taxpayers who have a straightforward tax situation and claim the standard deduction will probably be able to file their taxes using the new Form 1040. Intuit is ready to work with the IRS and Treasury to deliver the new 1040 tax forms and schedules. ProConnect Tax Online, Lacerte and ProSeries customers can feel confident that our software developers will incorporate the necessary changes into our software products. We’ll continue to keep you informed as we make progress toward next filing season. Check back with the ProConnect Tax Pro Center for updates on 1040 tax form changes. Previous Post July 2018 Tax and Compliance Deadlines Next Post Remind Your Clients That Sales Tax Holidays Can Save Them… Written by Intuit Accountants Team The Intuit® Accountants team provides ProConnect™ Tax, Lacerte® Tax, ProSeries® Tax, and add-on software and services to enable workflow for its customers. Visit us at https://proconnect.intuit.com, or follow us on Twitter @IntuitAccts. More from Intuit Accountants Team Comments are closed. Browse Related Articles Tax Law and News Taxpayers can now file amended returns electronically Tax Law and News How to Navigate Amending Returns for Your Client Tax Law and News How self-employed individuals and household employers c… Tax Law and News TaxProTalk: QBI Deduction and Forms Availability Tax Law and News New IRS form available for self-employed individuals to… Tax Law and News Key changes and insights on Form 1099-K Tax Law and News Taxpayers should continue to report digital asset incom… Webinars Navigating Common IRS Red Flags: Nov. 19 Tax Law and News IRS readies nearly 4 million refunds for unemployment c… Tax Law and News January 2024 tax and compliance deadlines