Are there changes in what is reported in the 2011 1040 tax returns or where to find the information?
Wouldn’t it be great if the IRS would just make up their mind and stick to it? Yes, there are changes and I am not convinced they really needed to make them. If you are looking in the same old places for cash flow from the tax returns, though, you will not be finding what you need. In fact, in the Tax Return Analysis: Essentials and 1040 Review training for lenders this year I am showing both the 2010 and the 2011 forms. Here is the rundown…