January 28, 2019

Individual Income Taxes: Are you getting ready for your 2018 tax return preparation?

2018 Individual Income Tax Return Preparation

The passage of the Tax Cuts and Jobs Act in December 2017 was the largest overhaul to the US Tax Code in 30 years.  Tax regulations for individual income tax payers were significantly change, as were individual income tax forms.  Regarding forms, the 2 page Form 1040 was reduced to 2 1/2 pages ... Don't ask me why the IRS didn't simply put the form on 1 page!  However, the omitted entries from Form 1040 were replaced with 6 ... yep, 6 ... new Schedule pages.  They are numerically numbered as Schedules 1,2,3,4,5,and 6.  So much for efficiency, right?  Not!

Time does fly by, and April will be here before you know it.  And, along with it, the deadline for paying 2018 individual income taxes, and either filing individual income tax returns or an extension of time to file.  Given all of the changes in 2018 taxes, don't delay preparing for this new tax return season!

Tax Concerns?
About Mary Rae Fouts, EA

Mary Rae Fouts, EA provides tax, insurance consulting, and expert witness services to clients throughout the United States.  For more information visit FoutsFinancialGroup.com.

Mary Rae Fouts


  1. Hi my family member! I want to say that this article is
    awesome, nice written and include almost all important infos.
    I would like to look more posts like this .

  2. I have learn some good stuff here. Definitely worth bookmarking for revisiting.
    I wonder how much attempt you put to make this kind of magnificent informative web site.

  3. Your style is really unique compared to other folks I've read stuff from.
    Thank you for posting when you've got the opportunity, Guess I'll just book mark
    this web site.

  4. I have been surfing on-line more than 3 hours today, but I never discovered any fascinating article like yours.
    It is pretty price enough for me. In my view, if all site owners and bloggers made good
    content material as you probably did, the web might be a
    lot more helpful than ever before.

  5. Hello terrific blog! Does running a blog similar to this take a massive amount work?
    I've very little understanding of coding however I had been hoping to start my own blog in the near future.

    Anyhow, should you have any suggestions
    or tips for new blog owners please share. I understand this is off topic however I just wanted to ask.

    Many thanks!

    1. My first suggestion is to find a blog platform that works for you. I liked Blogger the best; many bloggers use Wordpress. They both of many blogging templates available that can be customized without using html or similar coding.

      The amount of work necessary depends on the topics you blog about, and simply how much time you want to put into your blog. One convenient item on Blogger is the ability to schedule posts to publish in the future. This way you can type up posts when you have time, and schedule them for future posting. Good luck! MRF

  6. Will you review my tax return. I don't know if my unearned tax credit is right I thot it would be larger. I can email it to you thanks.

    1. Unfortunately no, I do not review tax returns that other people have prepared, before the returns are filed. Reviewing the prepared but unfiled return and charging a fee would require that I sign the return, and accept professional liability for return entries. This liability would required that I personally re-prepare the return, not just 'review' it. MRF


Thanks for sharing your comments! Comments are moderated before posting to weed out spam.