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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.**
‎December 13, 2020
2:21 PM