Tax Strategy: What’s new for 2019 tax returns
As we try to finish up the 2018 tax return filing season, it might be of some comfort to think that 2019 tax returns will not involve too much new that we did not encounter in 2018.
In general, that is true, although we still have some uncertainty even at this point hanging over 2018 tax returns, such as expired provisions and technical corrections to the Tax Cuts and Jobs Act that Congress is still looking at, which could affect both 2018 and 2019.
There might even be some hope that, as the Internal Revenue Service looks at problems encountered with the filing of 2018 tax returns, additional guidance may be forthcoming to help resolve some of those issues before 2019 tax returns are due. Still, there are a number of tax law changes and IRS changes that we know at this point will be new issues for 2019 tax returns.