Thursday, November 14, 2019

IRS Schedule 1: The new shell game that may only confuse you.

IRS Schedule 1: The new shell game that may only confuse you.
Look how much simpler your tax return is now! Why there's even blank space on the first page of your return! Yes! Wow. Isn't this great news? Or this could be a fairly transparent shell game where the information that used to be on page 1 on your 1040 is simply now on the another page - now known as IRS Schedule 1. Per https://ift.tt/2Qf93iq "Have additional income, such as capital gains, unemployment compensation, prize or award money, gambling winnings. Have any deductions to claim, such as student loan interest deduction, self-employment tax, educator expenses." Be sure to suscribe as we go over more the the complexities that Tax Reform (Tax Cuts and Jobs Act of 2017) created. Parent & Parent LLP 144 South Main Street Wallingord, CT 06492 (230) 269-6699 ino@irsmedic.com https://youtu.be/K6yJMb6aKvM IRS Medic

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