![MP900316868[1]](http://tntaxaccounting.files.wordpress.com/2011/12/mp9003168681.jpg?w=300&h=199)
As noted back back in January, many IRS forms were not released when the tax season started January 30th. Two of the most common forms that were not available during the start of the season were released during the month of February. These two forms were:
- Form 4562 – Depreciation and Amortization (Including Information on Listed Property) – Released on February 10, 2013. We were happy to see depreciation released. Since most of our customers are farmers or business owners this form affected almost all of our clients.
- Form 8863 - Education Credits – Released on February 14, 2013. This form was not originally listed by the IRS, but was later added. It is also good this form was released, it affected a LOT of taxpayers.
The IRS has updated its list of forms being held. During this upcoming week the IRS will allow e-filing of these forms (after they have completed testing). The forms that should be released this week include:
- Form 3800 General Business Credit
- Form 4136 Credit for Federal Tax Paid on Fuels
- Form 5074 Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands
- Form 5471 Information Return of U.S. Persons With Respect to Certain Foreign Corporations
- Form 5695 Residential Energy Credits
- Form 5735 American Samoa Economic Development Credit
- Form 5884 Work Opportunity Credit
- Form 6478 Credit for Alcohol Used as Fuel
- Form 6765 Credit for Increasing Research Activities
- Form 8396 Mortgage Interest Credit
- Form 8582 Passive Activity Loss Limitations
- Form 8820 Orphan Drug Credit
- Form 8834 Qualified Plug-in Electric and Electric Vehicle Credit
- Form 8839 Qualified Adoption Expenses
- Form 8844 Empowerment Zone and Renewal Community Employment Credit
- Form 8845 Indian Employment Credit
- Form 8859 District of Columbia First-Time Homebuyer Credit
- Form 8864 Biodiesel and Renewable Diesel Fuels Credit
- Form 8874 New Markets Credits
- Form 8900 Qualified Railroad Track Maintenance Credit
- Form 8903 Domestic Production Activities Deduction
- Form 8908 Energy Efficient Home Credit
- Form 8909 Energy Efficient Appliance Credit
- Form 8910 Alternative Motor Vehicle Credit
- Form 8911 Alternative Fuel Vehicle Refueling Property Credit
- Form 8912 Credit to Holders of Tax Credit Bonds
- Form 8923 Mine Rescue Team Training Credit
- Form 8932 Credit for Employer Differential Wage Payments
- Form 8936 Qualified Plug-in Electric Drive Motor Vehicle Credit
Of this list I am hoping they get the Form 8903 (DPAD), Form 8582 (PALL), Form 4136 (Fuel Tax Credit), and Form 5695 (Residential Energy Credit) released the quickest. These forms are holding up the vast majority of our clients that are waiting on forms to be released (especially our farmers, even though the IRS extended the “farmer deadline” it doesn’t mean we want to keep holding all of these returns).
