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  • Writer's pictureJazmin Cintora

What's New in 2020 Tax Calendar?

According to the IRS, there are a few changes accuring in the 2020 Tax Calender.


What’s New?


Form 1040-SR. Form 1040-SR, U.S. Tax Return for Seniors, has been introduced for 2019. You can use this form if you were born before January 2, 1955. The form generally mirrors Form 1040.


Extended due date for furnishing 2019 Forms 1095-B and 1095-C. Notice 2019-63 extends the due date for furnishing the 2019 Forms 1095-B and 1095-C from January 31, 2020, to March 2, 2020.


Reminders:


Forms 1040A and 1040-EZ are no longer available.

Forms 1040A and 1040-EZ will no longer be available beginning with tax year 2018. For tax year 2018, individuals will file Form 1040. For tax years after 2018, individuals will file Form 1040 or Form 1040-SR. If you need to file a prior year tax return, use the form and instructions revision for that tax year.


Form 1065-B can’t be filed for tax years beginning after 2017. The Bipartisan Budget Act of 2015 (P.L. 114-74) repealed the electing large partnership rules for tax years beginning after 2017.


Online IRS Tax Calendar.

The IRS Tax Calendar for Businesses and Self-Employed is available online at IRS.gov/TaxCalendar. This calendar is also available in Spanish.


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