Retirement tax questions

Nobody has the retirement forms yet - not even professional software because the IRS has not even finish the forms yet - they are still in the draft state at the IRS.   The electronic version cannot be installed until the IRS releases the electronic specifications (schema) and that usually takes about 2 months after the paper version is released.    I am guessing, not before February 2021.

 

Tax season will not start until Jan 27 even for simple returns that do not need the new forms. 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**