Don’t file your taxes until Feb. 11
Don’t bother filing your federal income taxes until February 11, 2008 for tax year 2007. Because your Congress took so long to make changes to the Alternate Minimum Tax (AMT), the IRS will actually reject electronically submitted forms if you use several specific forms. Don’t hurry if you use these:
- Form 8396 (mortgage interest credit)
- Form 8863 (education credits)
- Form 5695 (residential energy credits)
- Schedule 2, Form 1040A (child and dependent care expenses)
- Form 8859 (first-time homebuyer credit for D.C. residents)
It’s just as well, though because many more financial institutions are requesting extensions on sending out 1099s. So don’t hurry filing those taxes everybody.
January 22nd, 2008 at 11:44 pm
I think you have until march to file 1099s electronically.