Another New Tax Form
Posted by taxguru on June 3, 2004
If this bill becomes law, there will be one more “simple” type income tax form available; this one just for seasoned citizens, the 1040S. The draft of the form isn’t yet available on the IRS website, but it probably won’t be needed until the 2006 tax season, for 2005 tax returns; so there’s plenty of time to work on the actual design. It will probably only be used by do it yourselfers and assembly line preparers, such as H & R Block and Jackson Hewitt. Most of us upper strata preparers don’t ever use the “simple” forms (1040A or 1040EZ) at all, even when they would be appropriate. I always set my software to suppress all of the “easy” forms so all of my returns will be consistent with each other.
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