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Caution: DRAFT TAX PRODUCT. This is an advance proof copy of an IRS tax form, instructions, or publication. It may be subject to change and OMB approval ...
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Who needs caution draft tax product?

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Individuals who want to estimate their tax liability before submitting their final tax returns.
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Anyone who wants to practice filling out tax forms before the actual tax season.
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Caution draft tax product is a temporary filing that allows taxpayers to estimate their tax liability before the final tax return is submitted.
Individuals or businesses who need more time to gather all necessary information to complete their final tax return may choose to file a caution draft tax product.
Caution draft tax product can be filled out by providing estimated income, deductions, and credits for the tax year.
The purpose of caution draft tax product is to give taxpayers a preview of their expected tax liability in order to avoid any surprises when the final tax return is filed.
Taxpayers must report estimated income, deductions, and credits on the caution draft tax product form.
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