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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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Caution draft tax product is a preliminary version of a tax return that is submitted for review and feedback before the final filing.
Individuals or businesses who want to ensure accuracy and completeness of their tax returns may choose to file caution draft tax product.
Caution draft tax product can be filled out online through tax preparation software or with the assistance of a tax professional.
The purpose of caution draft tax product is to identify any errors or omissions in the tax return before the final filing, reducing the risk of penalties or audits.
Caution draft tax product must include all sources of income, deductions, credits, and any other relevant financial information for the tax year.
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