| How does AMT effect the 2008 filing season? |
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Here's the essential information regarding possible delays from the IRS due to the recent Alternative Minimum Tax (AMT) patch.
"...the IRS expects to be able to begin processing returns for the vast majority of taxpayers in mid-January. However, as many as 13.5 million taxpayers using five forms related to the Alternative Minimum Tax (AMT) legislation will have to wait to file tax returns until the IRS completes the reprogramming of its systems for the new law." (Source: irs.gov) The following forms cannot be filed until Feb. 11, 2008:
Therefore, if you do not have to file with any of these forms, then you will not be subject to any delays. Click Here and get started on your taxes now! |
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