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October 16, 2014

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Tax return filing.

The IRS has estimated that implementing all of the bill's changes will require creating or revising about 450 forms, publications and instructions.

We've seen some of those suggested form changes already, like the technically shorter but realistically longer from many new Form 1040. And we've seen the IRS punt when it comes to one document, the proposed new W-4, that isn't needed file an annual tax return.

In addition, Uncle Sam's tax collector also must modify around 140 information technology systems to ensure that it can handle all the newly revised tax forms.

That's a lot for the IRS to take care of even before it gets to processing around 140 million tax returns in 2019. And some are worried the agency might not be up to the task.

don't make these tax filing mistakes.

used the correct IRS forms. Forms are being updated.

Look for the proper forms for your filing status. If you need help, contact a tax professional.

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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