Finally doing some 1040s...

Agree—it takes more pages to accomplish the same filing this year. Definitely not a simplification from where I sit.

I do a couple of consulting jobs on the side and receive 1099-misc from them. I had to do the same thing.

quote:

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If you received a 1099-MISC with the amount of the income in Box 7, Nonemployee Compensation, the person or company who issued the form did not consider you an employee*. Because of this, they did not withhold any of your applicable social security or Medicare taxes. When this is the case, you generally will have to pay the full amount of these taxes (rather than just half) and include this on your federal income tax return (Schedule SE). When you report the income on a Schedule C, the program will automatically calculate your self-employment taxes for you.

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Yes, use your name.

I'm not sure what tax professionals face, but I know several things:

1) My record keeping for 2018 taxes, both corp and individual was much easier.

2) Outside of some late K1's, my taxes were finished early.

3) My taxable income decreased significantly due to the new tax code

4) Both my marginal and effective rate decreased.

5) My tax attorney charged me the same amount as last year.

6) My state marginal and effective rates decreased. I'm assuming becuase of 3 & 4 above.

7) My federal return in 2018 was only 15 pages. In 2017 it was 16 pages. In 2016 it was 13 pages. So my individual returns are probably fairly basic with so few pages.

The fairest comparison I have is probably 2016, becuase I had significant capital gains in 2017. Comparing 2016 to 2018, there is no comparison. 2018 far exceeded my expectations. I way overpaid the government in estimated taxes in 2018.

While I have empathy for tax preparers if their jobs have become more difficult, I like the end result, and find it interesting that my tax attorney didn't see fit to increase his charges this year if tax prep was so much more difficult.