Posted on 06/21/2018 8:46:57 AM PDT by Libloather
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that new tax forms, designed to make the filing process clearer and simpler for Americans, will be released next week.
“Next week we will be unveiling the new 1040 and it will be a postcard as we promised,” he said during a press conference celebrating the six-month anniversary of the passage of tax reform. “Hardworking taxpayers won’t have to spend nearly as much time filling out their [tax forms].”
The 1040 form is the U.S. individual income tax return. Republicans promised to simplify the filing process for taxpayers, famously claiming the forms would be postcard-sized.
(Excerpt) Read more at foxbusiness.com ...
I saw this movie.
IRS Form 1040
How much did you make ________________
Send it in
“IRS Form 1040
How much did you make ________________
Send it in”
I spent it all.
I’ll believe it when I see it.
But if I do see it, I think it will only contribute to a Red Wave in November, no matter HOW the Media and the Libs react.
But who files their taxes on paper?
Why not make it an 8.5 x 11 with plenty of room to write?
Won’t impact November. 2020 though...
...printed with three point font.
But then there is the Schedule C, etc.
Too easy to misplace.
It's a start.
A) How much did you make?
B) Is that all?
Sure. For people with salary at a corporation, who do not itemize deductions.
Everyone else has to do the long forms, ineptly named “schedules.”
The federal tax system is a mess. It was made that way by congress with its laws giving special favors to some, to make them think that they are getting something that their neighbor doesn’t get, while their neighbor is getting a special break, designed to make him think that he is getting something at someone else’s expense.
It’s all designed to make us hold fast to “our” special breaks, and to fight any change to them, so that the tax law could never be changed.
Just try changing it. Every time you remove some special break people are in the streets yelling and screaming.
I went to a company about a job interview on time and it turned out they wanted to add me to their files etc and then they would send me the information on that job/employer.
The paperwork I was to sign was double sided on 8.5”x11” paper. I didn’t sign and asked if there was a copy I could take with me, it was printed at half the size on half a sheet of paper.
Our acct. had seen a prototype and said that our Federal Tax form will be simple and easy.
However, our California 2018 tax return will be a “b$tch” to fill out.
He had given one of our adult off spring the same warning to save everything for his California state taxes.
Relatives in the living from the East Coast to California have been told the same re their state taxes.
He feels that tax audits by blue states and some red states will increase and become very punitive.
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