File Your Taxes on the New Form 1040 Post Card Size

The IRS New Post Card Size Form 1040

By now, most of you have either seen the new Form 1040, or have read a lot of comments on the Internet. Is it really the size of a post card? Can you file your taxes using just this new form?

Pretty much. (See the front and back below)

Some may. Probably not for most.

What is the Form 1040?

This form was first introduced over a hundred years ago as the primary summary form for individual tax returns. In the beginning, all Form 1040 returns were done by hand. Eventually when computers came upon the scene, a few outside vendors were preparing tax returns for accounting firms.

These returns, however, had to be mailed in by the taxpayer. Then in 1986, e-filing was introduced by the IRS, and this was the point that forever changed the method you could file your taxes. View full post…

Read More... 30 Comments