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The late passage of the Alternative Minimum Tax "patch" by Congress will delay the filing of some federal returns.

The late passage of the Alternative Minimum Tax "patch" by Congress will delay the filing of some federal returns. The Arkansas Department of Finance & Administration said those who file paper returns for Arkansas should not expect any delays in their returns, but a limited number of taxpayers filing electronic Arkansas returns could experience some delay in processing. The IRS has targeted Feb. 11 for taxpayers who file electronically and use Form 8863, Education Credits; Form 5695, Residential Energy Credits; Form 1040 A's Schedule 2, Child and Dependent Care Expenses for Form 1040 A filers; or Form 8396, Mortgage Interest Credit. For electronic returns that do not involve any of these forms, the IRS expects to begin processing on Jan. 14. For more information on the delay, go to www.irs.gov.
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Title Annotation:Business Briefs
Publication:Arkansas Business
Date:Jan 14, 2008
Words:131
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