![]() Today, here's a review of the new - and now only - Form 1040. I took a look at the Schedule A that itemizing taxpayers use in my earlier filing checklist post. Now only did the Tax Cuts and Jobs Act (TCJA) make the most changes to the tax code in more than 30 years, the documents we use to comply with the tax laws have been revised, too. (Short story: Get ready for some delays.) ![]() ![]() IRS staff are going to face more than the usual filing season chaos since most of them are coming back to work after 35 days of being shutout. The Internal Revenue Service today begins processing millions, if you go by the agency's prior filing season data, of early-filed tax returns. Just like the Highlander character of film and television fame, the new Tax Cuts and Jobs Act under which we're now filing our 2018 tax returns says there can be only one.
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