Delayed returns with Form 4562

[taxxcpa]

Some tax returns with depreciation can be e-filed.

If there are no mileage allowance deduction, no new assets in the current year and no sec 179 and no listed property in the current OR prior years, you can e-file returns, other than C-Corporations, which have depreciation.

If it is a C corporation, and there is any depreciation at all you must include Form 4652 and cannot e-file it until the IRS redesigns Form 4652.

[Elrod]

Thanks.............Yes..........

[TaxMan60601]

Don't know if this was already discussed somewhere on the board but

http://www.irs.gov/uac/Newsroom/IRS-To-Accept-Tax-Returns-with-Education-Credits,-Depreciation-Next-Week

IRS To Accept Tax Returns with Education Credits, Depreciation Next Week ... Starting Sunday, Feb. 10, the IRS will start processing tax returns that contain Form 4562, Depreciation and Amortization. And on Thursday, Feb. 14, the IRS plans to start processing Form 8863, Education Credits. ...

[Gail in Virginia]

Don't know if this was already discussed somewhere on the board but

http://www.irs.gov/uac/Newsroom/IRS-To-Accept-Tax-Returns-with-Education-Credits,-Depreciation-Next-Week

IRS To Accept Tax Returns with Education Credits, Depreciation Next Week ... Starting Sunday, Feb. 10, the IRS will start processing tax returns that contain Form 4562, Depreciation and Amortization. And on Thursday, Feb. 14, the IRS plans to start processing Form 8863, Education Credits. ...

Unfortunately, if you are still using ATX, it looks like it will be 2/15 before we can e-file with 4562 assuming the update due out that day is not late and works. Sigh.