5 Simplifications in the 2013 Tax Code

Old, complicated code, left; new, less complicated code, right

We have made changes to the tax code that should make submitting your tax return even easier. Here are just a few of the highlights:

 

  1. The filing requirement for Form 309Q, Businesses That May Conduct Certain Transactions with Formerly Bankrupt Entities Now Under the Supervision of the Federal Bankruptcy Master, has been reduced from 352 pages to 323 pages. NOTE: most businesses may now need to supplement this filing with Form 309Qi, Why I Left Out 29 Pages from My 309Q Filing.
  2. For couples filing individual returns, there may no longer be a need to file Form IRS19INDIV, Reassurance of Marital Solidity for Married Couples Filing Individually (Commonly known as the “We’re good, we’re tight, don’t worry” form). Couples considering filing separately should use new Worksheet IRS19INDIVWKSHT to determine whether filing IRS19INDIV is necessary. Instructions for the new worksheet may be obtained only in quantities of 500 or more.
  3. Certain individuals earning less than the estimated minimum their mothers would have expected them to be earning by their age may no longer need to file Form 716PRNTS, Why I Am Not a Tax Deadbeat, But Merely an Underachieving Failure. Instead, they can file Form 716PRNTS-EZ. Please do not use fingerpaints to fill in this form.
  4. A certain subset of degenerate gamblers can waive filing Form 7CUM11, Complete Listing of My Bad Beats for Tax Year 2013, IF AND ONLY IF they attach a brand new $500 bill to their Form 1040. Do not use staples. And do not tell anyone else about this. Seriously.
  5. Individuals earning less than $75,000 per year can now check a box on their return to indicate their guess as to how much greater a percentage of their gross income they are paying in taxes than the super-wealthy. Those guessing correctly can expect to receive Informational Mailing IM-TAXEMPLOY, How To Supplement Your Income With Seasonal Work Opening Envelopes at the IRS Service Center Nearest You