Report New Form 1040 in General Chat Posted July 18, 2018 This proposed new Form 1040 is a joke much like a lot of things that go on in Washington and in the media. Why all of a sudden is the IRS wanting to change a simple form into a summary postcard that will require a lot of extra schedules in order to file a complete tax return. This is especially cumbersome when a client has K-1s from S-Corp. or partnerships, and rental income required to be reported on Sched. E. Next they will be wanting to send refunds via coupons that can only be used at your local Wal-mart. It is a joke to continually wanting to change something that is working and has worked for at least the fifty years that I have been preparing taxes. I am strongly against this new proposed Form 1040 for this year or any year in the future. It is not a way to cut costs. It is a way for the nation to have to cut more trees to accommodate the extra paperwork that it will necessitate. BAD IDEA!! Paul L. McClure, CPA 7
New Form 1040
in General Chat
Posted
Washington and in the media. Why all of a sudden is the IRS wanting to change a simple form
into a summary postcard that will require a lot of extra schedules in order to file a complete tax
return. This is especially cumbersome when a client has K-1s from S-Corp. or partnerships, and
rental income required to be reported on Sched. E. Next they will be wanting to send refunds via
coupons that can only be used at your local Wal-mart. It is a joke to continually wanting to change
something that is working and has worked for at least the fifty years that I have been preparing
taxes. I am strongly against this new proposed Form 1040 for this year or any year in the future.
It is not a way to cut costs. It is a way for the nation to have to cut more trees to accommodate the
extra paperwork that it will necessitate. BAD IDEA!!
Paul L. McClure, CPA