A LITTLE THIS-A, A LITTLE THAT-A

 
+ The IRS has released the 2021 Form 1040 and 2021 Form 1040-SR.  Click here to download these forms as well as other 2021 IRS forms and schedules.

I will review the changes to the Form 1040, Form 1040-SR and Schedules 1, 2 and 3 here at TWTP next week.

+ Here are some more examples of the damage done by the IRS excessive COVID-19 closure – and more proof that the IRS is FU-ed - from fellow tax pros (highlights are mine):

“I e-filed a 1040X in August and it still doesn't show up in "\’Where's My Amended Return?’ Called the e-file service to follow up. Yes, the IRS has it, but expect a 40 week wait time.  I said, ‘I think I misheard you.’  She said, ‘No, you didn't.’ 40 Weeks!” – Jan Roberg

“I am currently quoting to clients for IRS processing time:

Paper-filed amended return: 12-18 *months*
Electronically filed amended return: 8-14 *months*
These both should be weeks rather than months, but this is the world we live in today.” – Russ Fox

"I filed a 2019 amendment in August 2020.  I am still waiting on my refund.  I got the state refund in 7 weeks."  - Steve  

This is unacceptable – but there is nothing taxpayers, or tax professionals, can do about it.

DO NOT contact your tax preparer to ask why you haven’t received your federal refund!

FYI – the IRS is paying interest on late refunds (which is taxable on your 2021 or 2022 return).

TTFN