The 2020 tax season comes rapidly and the IRS is actually expecting more than 150 million returns by the time it’s done. Though acting early may help prevent identity theft and fraud, the IRS still advises taxpayers to wait for official documents before filing in order to file them right the first time.
However, because 2019’s Taxpayer First Act made the most comprehensive reforms to Internal Revenue Service procedures since 1998, it’s crucial this year to do your research to avoid potential mistakes. Read on to discover the new tax law changes you should know before filing a return this year.
