The IRS has released Pub 554 (rev. 2016), “Tax Guide for Seniors,” for use in preparing 2016 tax returns. Pub 554 provides an overview of certain topics that are useful to older taxpayers and information to help those taxpayers determine whether filing a tax return is necessary and what items to report.

See updated Pub 554 at Publication 554 – IRS.gov

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.