Terry D EA Posted December 28, 2007 Report Share Posted December 28, 2007 I thought many of you would like to know the information below regarding the filing season delay. Looks like we will be ready for individuals earlier than the projections. Enjoy!! Terry D. ATTN: Software Developers, Return Transmitters and Authorized IRS e-file Providers/EROs EROs can submit most returns when the e-file system opens on January 11 but there are a few forms the IRS will be unable to process due to processing changes required by the "AMT patch." As a result, the following forms should not be transmitted for PATS testing and cannot be e-filed until further notice. *Form 5695, Residential Energy Credits *Form 8396, Mortgage Interest Credit *Form 8859, District of Columbia First-Time Homebuyer Credit *Form 8863, Education Credits *Schedule 2 (Form 1040A), Child and Dependent Care Expenses However, you may continue to test your software without these forms and pass PATS testing. You may test the above forms at a later date when the changes to these forms have been implemented. EROs may prepare and hold tax returns containing one or more of these forms until the IRS can accept them. EROs must advise taxpayers that the returns will not be e-filed until the IRS can accept the five forms mentioned above. The stockpiling rule does not apply in this situation. The IRS e-file specifications reflecting the legislative changes are available to software developers and transmitters for download on IRS.gov and the Electronic Filing Bulletin Board System. In addition, Form 8886, Reportable Transaction Disclosure Statement, will be unavailable for PATS testing and for submitting through live e-file production until further notice. More details will be shared as they become available regarding the date IRS will accept returns containing one or more of the forms described above. The IRS issued news release IR-2007-209 announcing guidance to help tax filers in 2008 affected by late enactment of the AMT patch. The news release is available on IRS.gov. :rolleyes: Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted December 28, 2007 Report Share Posted December 28, 2007 How many of you are going to offer to file the tax return without the education credits and residential energy credit, and then amend at a later date? Will you charge for the amended return Just Curious? Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
elfling Posted December 28, 2007 Report Share Posted December 28, 2007 Encountered one client last year that insisted on filing early without 8863 and then running an amendment. The 1040X amendment took months to arrive. Since I charge by the form the client was charged for the amendment. I am more curious about the Schedule 2, Form 1040A. If form 1040 with form 2441 is used instead will that be subject to the delay? Elfling Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted December 28, 2007 Report Share Posted December 28, 2007 I am more curious about the Schedule 2, Form 1040A. If form 1040 with form 2441 is used instead will that be subject to the delay? Elfling I don't file 1040A's. My clients go 1040EZ or 1040, and the EZ is more of a marketing pitch than a form preference. It takes the same amount of time to do a simple 1040 as a simple 1040A or EZ. So the Schedule 2 won't impact me. But the education credits and residential energy credits will impact about 25% of my clients Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
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