The simple 1040 return that was never really simple just got more complicated. The new 1040 for 2022 includes lots of changes to what we have seen in the past. These changes include more reporting on page on of the 1040, with 11 new items to track. It also includes a host of new schedules and forms.
Why all the changes, well the IRS is not saying much but those of us who have been around a few years see more items that can be verified against third party reporting and a road map for those 87,000 new auditors the IRS is currently hiring.
One thing we know for certain is that more people than ever will need help this year as they will not just be able to use last year’s return as a templet.