Monday, February 14, 2011

More IRS Form Delays

Today, many of the IRS forms were released for electronic filing (E-File), including teacher's/educator expenses, Schedule A - Itemized Deductions, and many others.

However, some forms are still not released and returns cannot be E-Filed yet. One of these forms includes Form 982 - Insolvency Worksheet. This affects those of you who may have cancelled debt and must include the reported amounts as income, except when you are "insolvent" and have not filed Bankruptcy.

If you have any questions about your return, please call me at your convenience.

Our new extended hours are 7 a.m. to 9 p.m. daily.