It’s that time of year again! Sometime in the next few months you may be preparing, or having someone else prepare, a 1040 tax return form for 2010. First be aware of some changes that have been made since last year, says “the tax guy” from Smart Money.
First of all, in case you haven’t heard, the deadline for filing IRS taxes is a smidgen later this year. It will be April 18th because Emancipation Day, a holiday celebrated in Washington, D.C., falls on April 15th this year.
Your tax preparer may also file electronically this year. Congress has passed laws that are pressuring them to e-file, and it’s safe to say this is the direction we are going as a country. On that note, you may also have noticed that your annual year-end 1040 booklet from the IRS never showed up. It won’t. Ever. Again. 2009 was the last year it was mailed out. If you miss it, you can still find it at IRS.gov and at their walk-in taxpayer assistance centers or participating libraries and post offices.
[Read more…] about Changes on the 1040 IRS Tax Form this Year…How Does It Affect You?