Broad City image via Giphy.com
Well, we finally made it through the global annus horribilis that was 2020. Here's hoping things will be better — I'm not naïve enough to say much better — in 2021.
That hope extends to the tax world, which last year also was c0ronavirus chaotic. There were new laws, deadlines and regulations, some of which are still being deciphered. Yes, I'm looking at you Paycheck Protection Program (PPP).
All that change also naturally applied to tax forms. And in addition to new law revisions, we also have, even in more normal tax times, some new ones.
Regular readers know that the ol' blog focused on forms last year with the launch of Tax Form Tuesday. It worked. Sort of.
Sometimes a Tuesday slipped by without a form feature. Sometimes a tax document got attention a day or two early or late. The schedule slippage was because, as anyone who watches taxes knows, things happen that take precedence. Even in times when we're not coping with a COVID-19 pandemic.
So in 2021, the ol' blog will continue to report on tax forms, but without a set schedule. That's right, I'm free forming!
But like last year, I will continue to collect the posts on a special page. In fact, on this page. I am so thrilled with it — and am such a fan of alliteration…and of celebrating tax matters — this assemblage has been dubbed Tax Forms Fiesta.
While we're getting our new fiesta fired up, you can always peruse the forms that were the sorta weekly rage in 2020 at the archived Tax Forms Tuesday page.
- If you don't get your COVID money by Jan. 15, you'll have to claim it on your 2020 tax return (Form 1040, line 30; Jan. 4, 2021)
- Replacement direct deposit refunds should be easier to get under new IRS procedure (Form 3911, Taxpayer Statement Regarding Refund; Jan. 7, 2021)
- 9 tax software companies offer Free File products in 2021 (Jan. 15, 2021)
- Tax statements you need to file your 2020 return (Jan. 19, 2021)
- EITC claiming option: use 2019 or 2020 income (Schedule EIC; Jan. 29, 2021)
- Form 1040 goes bigger for 2020 return filings (Jan. 31, 2021)
- COVID PPE counts toward teachers' expenses tax deduction (Form 1040 Schedule 1, line 10, educators expenses; Feb. 5, 2021)
- Reporting all your income, including gambling winnings, on Form 1040 Schedule 1 (Feb. 8, 2021)
- 23 tax deductions, no itemizing required, on Schedule 1 (Feb. 9, 2021)
- IRS mails 260,000 failure-to-file notices, but admits many likely are wrong (IRS Notice CP59; Feb. 21, 2021)
And if you want more info on other forms not featured here, check out the ol' blog's Forms category. It will show Tax Form Fiesta! entries, as well as other tax documents that I've posted about over the years, with the newest post first. Just keep scrolling.