IRS releases draft instructions for Schedule J | KPMG | GLOBAL

IRS releases draft instructions for Schedule J

IRS releases draft instructions for Schedule J

The IRS has posted a draft version of the instructions for Schedule J (Form 1040) on income averaging for farmers and fishermen.

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The Schedule J draft instructions [PDF 456 KB] reflects a date of August 1, 2017, and there is cautionary language that these instructions are not to be relied upon for filing purposes and are subject to change and to OMB approval before being officially released in final format.

 

For more information, contact KPMG’s National Director of Cooperative Tax Services:

David Antoni | +1 (267) 256-1627 | dantoni@kpmg.com

Or Associate National Director of KPMG’s Cooperative Tax Services:

Brett Huston | +1 (916) 554-1654 | bhuston@kpmg.com

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