Posted by Texasmark1 on October 18, 2018 at 07:11:15 from (75.107.74.117):
Thought I'd start getting things in shape for end of year filings and all. Visit irs.gov and WOW......things have changed. Apparently there is a brand new 1040 due out because in looking at the SS tax rate calculation form, which is out for 2018, references are made to 1040 line numbers that aren't there on the existing 1040 we've used for years.
In addition, Schedule F calculations have a new set of rules, one to quote is that 7 year depreciation items are now 5 year.
Apparently IRS hasn't published (www irs.gov) the new 1040 but the new farmer's tax guide is out there.....https://www.irs.gov/pub/irs-pdf/p225.pdf
Anybody know where the new 1040 might be located if published at this time?
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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