Posted on 08/05/2019 12:14:56 PM PDT by Raycpa
This is an early release draft of the new 2019 IRS Form 1040-SR, U.S. Tax Return for Seniors, which the IRS is providing for your information, review, and comment. There is a 30-day comment period for this draft form (see below).
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If you wish, you can submit comments about this draft form to WI.1040.Comments@IRS.gov. We cannot respond to all comments due to the high volume we receive. Please note that we may not be able to consider some suggestions until the subsequent revision. Please send comments no later than August 15.
(Excerpt) Read more at irs.gov ...
It doesn’t look much different from the form I filed out last year. I’m single, take the standard deduction, have no dependents, no income other than pension and social security. As long as it’s one double-sided sheet, I’ll be happy.
Yep...it's been around for years. It used to be at the top on the reverse side of the form.
Cutoff date - January 2, 1955
Looks like 65 or older before the beginning of 2020.
I see the wife and I could get an extra $700 deduction if we were to get a divorce. :)
I’m 75....so been there, done that. Just retired a couple years ago.
I am an Enrolled Agent. I have a blind client that uses the blind check box. Standard deduction increases for blind tax payers.
How to Qualify As Blind By the IRS
You must keep in your tax records a certified letter from an eye doctor (or optometrist) stating that you have non correctable 20/200 vision in your best eye or that your field of vision is restricted to 20 degrees or less.
The IRS counts you for the whole year based on your status as of noon local time on January 1st. I think it used to have been midnight on December 31st. Can any tax advisor clarify?
Is a second after midnight also the standard for the new date now?
I have two stories about blind taxpayers. My first experience was getting a call from a "blind" taxpayer that he was going to be late for appointment because he could not find a parking spot. I discovered that blind is not totally blind.
The second was a client I inherited from a deceased tax preparer. This taxpayer lived in another state and we did her tax return for a number of years and did not know she was blind until we got details of a wrongful discharge lawsuit that mentioned both age and blindness. We never met her and we had no reason to think she was blind. This made me rethink my procedures but it is very rare that someone is blind and does not itemize.
All this stuff could fit on a 3x5 card, to simplify it.
What? A senior form? Is the print extra large size? does it come with GPS tracking if I misplace it? If I make a mistake can I claim Senior Moment?
I don’t like it. I suggest adding these lines:
How much of a refund do you want? __________
Do you want it by check or direct deposit? _______.
Can we get a discount on our taxes if we are AARP members?
I don’t know, sounds risky. What if after 31 years she doesn’t want to tolerate me anymore. :)
It made more sense when there were three flavors of the 1040, prior to the TCJA. Back then, seniors were disqualified by age from the 1040EZ and this was meant to be its equivalent. What it does do for seniors is give tax providers an alternate pricing hook. But realistically, it was mooted by the 2018 reforms.
People over 65 should no longer be bothered by the IRS. Let them live out the remainder of their days in tax-free peace.
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