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Old 01-19-2006, 01:10 AM
Jack-:)
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Default Re: Tax Law Changes Delay e-file for a Small Number of 2005 Forms

Sad that IRS hasn't gotten its act together. It's a real
pain in the neck not to be able to e-file these returns and
having to go outside the tax programs to prepare the proper
forms to be attached to the snail mail filings!!!=(:

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
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Old 01-18-2006, 05:05 AM
pgattocpa@excite.com
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Default Tax Law Changes Delay e-file for a Small Number of 2005 Forms

The following is the Service's announcement that certain
forms will not be available for e-filing until late January.

IR-2006-014

January 17, 2006

Tax Law Changes Delay e-file for a Small Number of 2005 Forms

WASHINGTON - Following new tax law legislation enacted late
in the year, the Internal Revenue Service announced today
that e-file availability for a small number of 2005 tax
forms will be delayed until later this month.

The late tax law changes mean that 13 forms will not be
available for e-file until the end of January. None of the
most commonly used forms are affected by the delay, and 114
other forms remain available for e-filing.

Based on last year's January filings, a few hundred thousand
taxpayers could be affected by the delay, with the largest
group involving people filing Form 8863, "Education
Credits."

Affected taxpayers who e-file should wait until the end of
January to submit their returns. They will be unable to file
electronically these forms in the interim.

Affected taxpayers can still file on paper from copies of
the forms posted on the IRS.gov website, but the agency
noted that waiting to e-file until the end of the month will
still generally result in a faster refund because of the
faster processing times for electronic returns.

The IRS anticipates that all of the forms and related
computer-programming changes will be complete by the end of
January. Most taxpayers do not receive their Forms W-2 and
1099 until late January. In all, the IRS expects about 135
million returns to be filed this year.

Disaster-Related Forms

Form 982, Reduction of Tax Attributes Due to Discharge of
Indebtedness (and Section 1082 Basis Adjustments)

Form 8606, Nondeductible IRAs

Form 8863, Education Credits (Hope and Lifetime Learning
Credits)

Form 8915, Qualified Hurricane Retirement Plan Distributions
and Repayments

Form 3468, Investment Credit

Form 3800, General Business Credit

Form 5884-A, Credits for Employers Affected by Hurricane
Katrina, Rita, or Wilma

General Tax Forms:

Form 8379, Injured Spouse Allocation

Form 8611, Recapture of Low Income Housing Credit

Form 8864, Biodiesel and Renewable Diesel Fuels Credit

Form 8896, Low Sulfur Diesel Fuel Production Credit

Form 8271, Investor Reporting of Tax Shelter Registration
Number

Form 8886, Reportable Transaction Disclosure Statement

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 

Tags
2005, delay, efile, forms, law, number, small, tax
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