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TAX PROCESSING TO START ON TIME FOR MOST TAXPAYERS
December 28, 2007
The IRS has announced that tax processing will start on time for most taxpayers, but that return processing will be delayed for some taxpayers affected by the belated enactment of the AMT patch. Processing won't start until around February 11 for taxpayers with the following forms in their returns:
* Form 8863, Education Credits.
* Form 5695, Residential Energy Credits.
* Form 1040A’s Schedule 2, Child and Dependent Care Expenses for Form 1040A Filers.
* Form 8396, Mortgage Interest Credit.
* Form 8859, District of Columbia First-Time Homebuyer Credit.
Kay Bell and Russ Fox have more.
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