New Form 3468 Investment Credit Still Not Available

I say something today that said IRS will accept electronically filed returns with Form 3468 starting March 30.

what is the basis of what you are saying?

in article snipped-for-privacy@j38g2000yqa.googlegroups.com, les at snipped-for-privacy@gmail.com wrote on 3/19/09 3:02 PM:

Since it is a credit, amending to claim it will get you a refund. If you are expecting a large refund without the credit, I would file now and then later amend. Amending a Trubotax return is easy. Just open the return, go to the 1040X and fill in the year. This will cause all the fields that have to do with your old return to populate. Then go to the state return and do the same thing. Now go back to the federal return and enter the new information. This will cause the right column on the 1040X to reflect the changes. Add an explanation of what the changes are on page 2 and print it off. Include any schedules that change like A,B,D, 6251 (AMT), etc. You do not include the 1040. Now go to the state return and check the box that says use the federal explanation, unless you want something different. Print off the state return. When you mail it in, include a copy of the federal

Do not make any changes to the return before you open up the 1040Xs or the "as it was" columns will be wrong. Uncompensated advice guaranteed correct or double your money back

Frank S. Duke, Jr. CPA Cincinnati, OH USA

ATTN: Software Developers, Return Transmitters and Authorized IRS e- file Providers/EROs

Please be advised, returns with Form 3468 claiming the Investment Credit, will be accepted electronically starting with the 6 PM drain March 30,

Form 3468 can also be transmitted for PATS testing on March 30, 2009, for the 4 PM drain.

The revised file specification for Form 3468 is available on irs.gov.

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