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The 2025 taxes indicate the start of a new time period. Significantly, 2026 is also the 250th anniversary of the founding of the United States. This is a signficant time in history for many people.
The Tax Forms and Documents
file sizes
Updated Tax Policies
Taxes and the IRS have played a significant role in governance over the last 25 years and throughout our life time. They have made some decisions over the last decade on how taxes will be completed in the future. Most of this benefits tax payers. New Policies are easier to follow and more lenient.
Through research and discovery, it was determined that the US Tax Code is overly complicated, that there are way too many tax forms, and that most businesses can be taxed from data in a financial statement. Individuals can be taxed from the last paystub of each year from each job. Tax brackets are likely unconstitutional but programmed into a computer. We are currently at a 22% individual tax rate and the tax rate for the self employed is 12.5%. They provide a lot of their own services that is normally paid for with government taxes.
I've discovered 4,000 pages of tax code in 26 CFR that is referenced in tax forms. Many people don't know what the different sections are. This includes workers at the IRS who show up to tax court. The Federal Tax Code is found in USC 26 and CFR 26. I've downloaded copies from the official websites. They can be downloaded here.
The official websites don't always work properly and take a really long time to print out pages. The document can also be downloaded officially once you know which ones they are.
Form Instructions
I've downloaded the following tax forms and added notes
There are two or three ways to use these forms
Finding forms is easy now, go to IRS.gov and type the form name in the text box. Download the forms and instructions. Normally, you will only need the form now.
The instructions are most often overly complicated and don't answer any questions for most people. They are mostly reference guides for tax professionals but can be useful for some individuals.
Most of the forms are self explanatory, if it doesn't make sense enter 0 or check "no". The IRS will let you explain yourself at a hearing. These are sometimes over the phone. There might not be any CPA or accounting services available anyways.
Using the 1065 page 3, the section number can be found by typing 1.[section number] in the pdf search. Try 1.721, 1.7471, or 1.267A.
If the tax form references another form try IRS.gov, if its a Section Number, try 26 CFR Ch. 1 sc. A. If the section is missing or repealed, enter 0 or check no.
Most people will be filing for a late extension in January or February each year going forward and will submit individual taxes by September and business taxes by October. This simplifies missing forms, tax documents, receipts and statements at the start of the year and gives more time to complete the taxes calmly.
The taxes collected in 2026 will budgeted in Congress during the 2028/2029 Congressional Session. This means even taxes that are filed by December with penalty should have taxes paid or accounted for by October 2027. This is constitutional with Congressional budgeting.
The schedule C is recommended to be used by partners and shareholders to account for their own individual taxes. It does not need to be turned in to the IRS. The recommendation is 1 per each business.
The schedule C is normally used for DBA Sole Propriertorship.
There is also a schedule 1 and other forms referenced in the 1040. If it seems useful, download it and submit the duplicate data. The IRS will let you know if you no longer have to submit a form or which form they prefer for your taxes. This will most likely be through letter or if you call in to ask questions.
Partnerships and LLC
The 1065 is used for both DBA partnerships and LLCs
From here, most people will likely need to hire a business planner, tax professional, or accounting service. They will not always be generally available and people should plan accordingly because business income is continuing to increase when compared to areas with W2 workers only.
The tax forms should be accurate for most purposes. On the parnership, it is for individual partners with no organizational ownership and no ownership of organizations. This is an additional step. The goal is to be brief. This will get people started with running an LLC with 2 or more people.
The forms should be easy to follow and this can replace software for people who are unsatisfied and can no longer find tax planning or filing services in their areas. There should be further updates on tax form simplification as the economy resumes. This is planned to be more helpful to the consumer.
I'm not making any commitments to do these forms every year. There may be another update in 2029 or 2032. Work through the forms and feel more confident when you submit them, they are designed to be simple to work with. A professional will be more likely to help if you can get through most of the form.