The day after Christmas most Americans received their 1040 Tax Package in the mail. The IRS must intentionally delay these mailings until after Christmas so we can enjoy giving to one another without being reminded of how much we must give to Uncle Sam.

We have been told by Congress that the new Tax Reform Act of 1986 (TRA 86) is revenue neutral {the federal government will get the same amount of money). We also have been informed that our tax returns will now be more simplified. The verdict on both of these assertions will be out until our first trial run (1987 Returns).