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New ways to file for 1991 return season.

The Internal Revenue Service is offering four new options for filing individual tax returns for the upcoming filing season. Two are available only in test areas; two are available nationwide.

TeleFile. This program is limited to Ohio taxpayers eligible to file form 1040-EZ who have not moved since they received their labeled returns from the IRS. A taxpayer will fill out new form 1040-TEL, which is similar to form 1040-EZ, call a toll-free IRS number (from a touch-tone phone) and punch in certain information. The IRS will figure the tax due or refund over the phone, after which the taxpayer must send in form 1040-TEL, payment for tax due and any supporting W-2 forms. Security measures will be taken to avoid refund thefts.

1040-EZ-1. This four-question form, tested in Texas last year, will be tested again in parts of Texas, Washington and Rhode Island. Taxpayers will enter interest income, answer three other questions, sign the form and attach W-2s; the IRS will figure the tax due or refund and send the taxpayer a notice or refund.

1040-PC. This program was tested last year and is now available nationwide. It will allow practitioners and taxpayers to use IRS-approved software (expected to be widely available from retailers in 1992) to generate a single sheet containing all information from form 1040 and accompanying forms and schedules. The single sheet is then to be filed in place of the actual return.

Balance-due electronic filing. Electronic filing for taxpayers who are due refunds has been available for several years. Last year, around 4,000 balance-due returns were filed in a test program. This year, balance-due electronic filing will be available nationwide.

Note: The IRS expects a total of 10 million returns to be filed electronically this year.
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Author:Wagenbrenner, Anne
Publication:Journal of Accountancy
Date:Dec 1, 1991
Words:292
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