Richard Rubin

speaker

1,496 appearances 29 recordings 1 series first heard Oct 2017 last heard Jan 2024

Richard Rubin’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · IRS Suffered Significant Harm During Government Shutdown · 13 Feb 2019 podcast

that happens when there aren't people on the other end.

Yeah, I mean, she's always supported tax simplification.

And look, there are things that are simpler about this new tax system.

But in some sense, the tax code is always kind of complex.

And so it's going to be continue to be challenging as people work their way through this new system.

And

and try and figure out exactly how they interact with the IRS.

And the IRS, it's not like it's starting from new, it's starting from scratch.

It's starting from a period where funding has been relatively flat or down.

If you look at inflation-adjusted funding over time, and it's got fewer workers and an aging workforce and aging technology, and it's a government agency that has been struggling for years.

And so

giving it extra burdens is likely to cause concern, as Ms.

Olson writes in her report.

So the big change is it changes it from the cover page is now a postcard-style one-page thing, and then there are up to six schedules that get attached to it, schedules one through six.

And that's all new, and it'll look a little bit different.

Now, most people don't really...

use the form to fill out their taxes.

The 1040 is an output of the tax software or what your accountant puts in, depending on how your returns are prepared.

So most people don't do it with the form, but for the small percentage who do, they'll have to get used to this new system that just looks a little bit different from the way it's been in the past.

We are a step closer to that for some people.

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