Tax season may have officially kicked off but many taxpayers still can’t file their returns. Since Congress waited until the end of the year to re-up some of the 2010 deductions, IRS had a little bit of work to do… On top of updating forms to conform with those deductions, IRS had to update new returns to reflect changes that were effective for 2011. The result? A whole lot of outdated forms on the IRS web site.
The IRS has announced that the following business forms affected by the extender provisions have not yet been updated:
- Form 1120-PC, U.S. Property and Casualty Insurance Company Income Tax Return
- Form 941 (First Quarter 2011), Employer’s Quarterly Federal Tax Return
- Form 709, U.S. Gift Tax Return
- Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return
- Form 706-NA, United States Estate (and Generation-Skipping Transfer) Tax Return for non-resident
- Form 8849 Schedule 3 (Calendar year 2011), Certain Fuel Mixtures and the Alternative Fuel Credit
For individuals, the IRS has announced that the following forms are still affected:
- Schedule A (Form 1040), Itemized Deductions
- Form 8917, Tuition and Fees Deduction
- Educator Expense Deduction claimed on Form 1040, Line 23, and Form 1040A, Line 16
- Form 4684, Casualties and Thefts
- Form 8859, District of Columbia First-Time Homebuyer Credit
And it doesn’t stop there. A few other forms are affected, too, though mostly niche-y ones. They are:
- Form 3800, General Business Credit
- Form 5074, Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands (if certain credits claimed)
- Form 5405, First-Time Homebuyer Credit and Repayment of the Credit (page 2 only)
- Form 6478, Alcohol and Cellulosic Biofuel Fuels Credit
- Form 8689, Allocation of Individual Income Tax to the U.S. Virgin Islands (if certain credits claimed)
- Form 8834, Qualified Plug-In Electric and Electric Vehicle Credit
- Form 8844, Empowerment Zone and Renewal Community Employment Credit
- Form 8910, Alternative Motor Vehicle Credit
- Form 8936, Qualified Plug-In Electric DriveMotor Vehicle Credit
And don’t get excited if you’re e-filing: the delays affect both paper and electronic returns.
If one is e-preparing/e-filing, I assume we can go ahead with our data entry part, and wait for the changes to cascade through?