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Changes affect tax filers
The Internal Revenue Service recently announced changes to the upcoming filing season. As a result of the Alternative Minimum Tax Bill, which was signed into law in late December by President Bush, many taxpayers will be eligible to file on the usual schedule, but some will not.
The IRS will process all returns beginning Jan. 14 except those that contain any of four forms that are related to AMT calculations. About 125 million federal taxpayers will be eligible to file on the usual schedule, while 13 million federal taxpayers who use any of the five affected forms will not be accepted for processing until Feb. 11.
The five affected forms are:
* Form 8863, education credits
* Form 5695, residential energy credits
* Schedule 2 (Form 1040A), child and dependent care expenses for Form 1040A filers
* Form 8396, mortgage interest credit
The federal/state e-file system will open for all taxpayers not filing any of those four forms as scheduled on Jan. 11. The IRS or federal deadline for all taxpayers remains April 15. An automatic six-month extension has been granted by the IRS and remains available.
The Louisiana Department of Revenue will begin accepting returns on Jan. 14, and will begin processing returns on Jan. 30.
For more information on income tax assistance, contact any of the Department of Revenue's regional offices or call 1-888-524-3578. |
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