The new uncluttered Form 1040

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Joe Btfsplk
    Senior Member
    • Dec 2005
    • 527

    #1

    The new uncluttered Form 1040

    The IRS plans to add a new Schedule O to get a lot of lines off the Form 1040. This form will be for less-used credits and income deductions.

    When they get to Schedule Z, they will have to start using the Greek alphabet or something--or maybe using Schedule AA thru Schedule ZZ for the next 26.
  • Chief
    Senior Member
    • Jun 2005
    • 799

    #2
    Improvements to Form 1040

    That;s good news to me. Will necessitate professional preparers to have the handle on the changes. Best News I have heard !!!!!!

    Comment

    • Armando Beaujolais
      Senior Member
      • May 2005
      • 504

      #3
      Originally posted by Joe Btfsplk
      The IRS plans to add a new Schedule O to get a lot of lines off the Form 1040. This form will be for less-used credits and income deductions.

      When they get to Schedule Z, they will have to start using the Greek alphabet or something--or maybe using Schedule AA thru Schedule ZZ for the next 26.
      And how long do we think it will last?

      Every last possible space on Form 1040 will be taken up with line items. If they take some off, they'll just add new ones. Mark my words.

      Comment

      • Snaggletooth
        Senior Member
        • Jun 2005
        • 3314

        #4
        Proof

        I understand the new proof for the 1040 is out.

        Can someone provide a website where I can view it?

        Thanks, Ron J.

        Comment

        • Bees Knees
          Senior Member
          • May 2005
          • 5456

          #5
          The final 1040 has been out since the first week of November.

          Comment

          • BOB W
            Senior Member
            • Jun 2005
            • 4061

            #6
            Looks like.......

            ........ the same cluttered mess as always?
            This post is for discussion purposes only and should be verified with other sources before actual use.

            Many times I post additional info on the post, Click on "message board" for updated content.

            Comment

            • newbie
              Senior Member
              • Nov 2006
              • 333

              #7
              Into the future

              The idea of a new uncluttered Form 1040 is being examined for future years after 2007. I heard talk of this at a seminar and I guess I don't understand because I thought this was why we have the 1040EZ and 1040A, so why a simpler, easier to understand 1040 needed?

              Comment

              • DTS
                Senior Member
                • Jun 2005
                • 1852

                #8
                1040

                I'm with Bob! However, I did not compare to the '05 to see what the changes are. It looks exactly the same.

                Dennis

                Comment

                • Oxtrainer
                  Member
                  • Dec 2005
                  • 83

                  #9
                  New 1040

                  Only 77 lines and a zillion schedules. How much simpler can it be?

                  Comment

                  • Black Bart
                    Senior Member
                    • Jun 2005
                    • 3357

                    #10
                    Speaking of simple

                    I was just looking at a 2005 1040A (the "short form") book of forms and instructions. It's 82 pages long. They'll have to move all the forms up a notch pretty soon -- maybe make the 1040 into a 1040-J (jumbo).

                    Comment

                    • Bees Knees
                      Senior Member
                      • May 2005
                      • 5456

                      #11
                      Why don't they just go to three pages? Is there some kind of rule that says the 1040 can only be two?

                      Comment

                      • Joe Btfsplk
                        Senior Member
                        • Dec 2005
                        • 527

                        #12
                        Originally posted by Bees Knees
                        Why don't they just go to three pages? Is there some kind of rule that says the 1040 can only be two?
                        Why not cut it down to one page with just two lines?
                        Line 1 How much did you make?
                        Line 2 Send it in!

                        Comment

                        • Black Bart
                          Senior Member
                          • Jun 2005
                          • 3357

                          #13
                          1/2 page?

                          Originally posted by Bees Knees
                          Why don't they just go to three pages? Is there some kind of rule that says the 1040 can only be two?
                          Do any of my fellow graying colleagues here remember this? It seems like I remember when I first started in this business (late 60s-early 70s), that the 1040A form was on one-half of one page? Is that right?

                          Comment

                          • LawrenceGR
                            Senior Member
                            • Nov 2005
                            • 296

                            #14
                            Postcard

                            I remember when I was kid one of the first years I filed my own taxes the "short form" was about the size of a postcard. I seem to remember it as a computer punch card, one line for income and one line for withholding. That must have been about 1965 or 1966.

                            Comment

                            • Armando Beaujolais
                              Senior Member
                              • May 2005
                              • 504

                              #15
                              Originally posted by Black Bart
                              Do any of my fellow graying colleagues here remember this? It seems like I remember when I first started in this business (late 60s-early 70s), that the 1040A form was on one-half of one page? Is that right?
                              I think it was as recently as the early 70's, the income portion of 1040 was 1) Wages, 2) Other Income. They had itemized deductions right on the front page.

                              Any talk about "simplifying" the 1040 is nothing more than smoke and mirrors. They won't simplify a dang thing. Great, now the 1040 only has 20 lines on it, and they create 50 more forms and schedules and filing rules to compensate.

                              If it's really happening, it's just some yahoo's bright idea to screw things up even worse but at the same time be able to claim they've just succeeded in tax simplification.

                              Apologies to the yahoos out there, no offense intended.

                              Comment

                              Working...