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Va. tax
speed returns
- Virginia Tax Commissioner Wil4iam H. Forst has announced that Virginia taxpayers can look forward .to a number of changes next filing .season, including new tax laws, redesigned income tax forms and a -new accelerated refund program. ■> In a presentation to the Governor’s Commission for Efficiency, Commissioner Forst announced that these changes, coupled with the Department’s plans for technological development, will reduce taxpayer {“burden hours” — the amount of time spent on government paperwork — by as much as 900,000 hours »per year by 1992. .* Changes in the individual income ;tax structure account for one-third • of th« burden hours eliminated. Be{cause of the changes in the filing {threshold, more than 400,000 Vir<ginia taxpayers will not have to file {an individual income tax return bet ginning in 1988. Of those who must t file, the Department estimates that j more people will file the short form, {Form 760S, due to an increase in the • standard deduction amount. { Of the remaining burden hours, »approximately 400,000 hours will be C reduced through redesign of forms, i “Our goal was to make the forms ■’ easier to understand and complete,” {said Commissioner Forst. ; Among the forms redesigned for > taxable year 1987 are Form 760 (ini dividual income tax return — long f form) and Form 760S (individual in? come tax return — short form). Features of the 1987 returns include new column arrangements and p larger blocks for easier computation, ► and new, easier to use instruction • booklets.
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