Friday, January 11, 2008

The 411 on 2/11

The IRS officially starts accepting tax returns for the 2007 tax season today, but the problem now lies with those taxpayers who file certain forms affected by the AMT patch. Those returns will be accepted a whole month. (February 11th 2007). If you file any of these forms you will have to wait another month:

New Features in QuickBooks 2008

- Education credits (Form 8863)
- Residential energy credits (Form 5695)
- Mortgage interest credit (Form 8396)
- Child and dependent care expenses on Schedule 2 of their Form 1040A

Be sure to speak with your tax advisor to see if you will be delayed this tax season

Keeping Your Business N Synergy

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