Postcard Sized Tax Return Cancelled


Plans to provide taxpayers with a postcard sized 1040 have been officially scrapped.  The IRS is now working on a version that’s shorter than the traditional 1040, but looks more like the typical tax return you’re used to. After the 2018 tax filing season, the IRS rolled out a prototype replacing old forms 1040, 1040A, and 1040EZ.  It was shorter than those forms, but it didn’t really reduce the amount of paperwork.  The new version required taxpayers to complete six additional forms and schedules which could lead to confusion and more errors.  Since the vast majority of taxpayers file electronically, the need for a postcard sized return is reduced. The IRS expects to have the final form in place by November.



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