IRS Acknowledges Erroneous Rejects

[grmy2h]

The IRS has acknowledged that their tax return processing centers are erroneously rejecting some 1040 returns and providing the following reject codes:

F1040-428 – “The e-File database indicates a First Time Homebuyer Installment Payment is due for the Primary SSN. Include amount on Line 59b, 'FirstTimeHmByrRepaymentAmt' of Form 1040 and attach Form 5405 if required.”

F1040-429 – “The e-File database indicates a First Time Homebuyer Installment Payment is due for the Spouse SSN. Include amount on Line 59b, 'FirstTimeHmByrRepaymentAmt' of Form 1040 and attach Form 5405 if required.”

The IRS expects to have this issue corrected around February 9.