Individual efile Section - PowerPoint PPT Presentation

Loading...

PPT – Individual efile Section PowerPoint presentation | free to view - id: 17a4a0-ZDc1Z



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Individual efile Section

Description:

New Forms for 2007. Form 5695 Residential Energy Credits. Form 8888 ... Form 8906 - Distilled Spirits Credit. Form 8907 - Nonconventional Source Fuel Credit ... – PowerPoint PPT presentation

Number of Views:85
Avg rating:3.0/5.0
Slides: 11
Provided by: mercid
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Individual efile Section


1
  • Individual e-file Section

2
Individual Electronic Filing
  • New Forms
  • Federal Telephone Excise Tax Refund
  • PATS
  • Fed/State
  • Form 8453

3
Individual Electronic Filing
  • New Forms for 2007
  • Form 5695 Residential Energy Credits
  • Form 8888 Direct Deposit of Refund
  • Form 8900 - Qualified Railroad Track Maintenance
    Credit
  • Form 8906 - Distilled Spirits Credit
  • Form 8907 - Nonconventional Source Fuel Credit

4
Individual Electronic Filing
  • New Forms for 2007 (contd)
  • Form 8908 Energy Efficient Home Credit
  • Form 8910 Alternative Motor Vehicle Credit
  • Form 8911 Alternative Fuel Vehicle Refueling
    Property Credit
  • Form 8912 Clean Renewable Energy Bond Credit
  • Form 8913 Credit for Federal Telephone Excise
    Tax Paid

5
Individual Electronic Filing
  • Federal Telephone Excise Tax Refund
  • Claim safe-harbor amount
  • As line entry on Form 1040, 1040A, or Form
    1040-EZ, or on
  • Form 1040EZ-T, Claim for Refund of Federal
    Telephone Excise Tax
  • Form 8913 to claim actual amount

6
Individual Electronic Filing
  • PATS Changes
  • Software Developers will be required to pass 15
    scenarios using the most commonly used forms
  • After the required scenarios are passed, the
    developers can test additional scenarios
  • Testing for TY 2006 will begin 11/9/2006

7
Individual Electronic Filing
  • Fed/State
  • No new states being added
  • WV is only new state mandating e-file
  • in filing season 2007
  • Imperfect Fed/State returns will be accepted for
    Error Reject Codes 501/504

8
Individual Electronic Filing
  • Form 8453
  • Form 8453 large volume submitted late or not to
    IRS as required.
  • In 2006, phone calls were made to practitioners
    who did not submit at least 50 of their Forms
    8453.
  • Increased weekly volume of letters to taxpayers
    for missing Forms 8453OL.

9
Individual Electronic Filing
  • Returns accepted through August 30, 2006
  • Total 72.0 million
  • Practitioner 51.8 million
  • Online 20.2 million
  • Fed/State 36.5 million

10
2007 Filing Season DatesIndividual Electronic
Filing
  • PATS Testing Nov. 9, 2006
  • HUB Testing Jan. 9, 2007
  • Live Processing Jan. 12, 2007
  • Publication 1346 Mid October 2006
  • Publication 1436 Mid October 2006 (PATS)
  • PATS Scenarios Mid October 2006
  • PATS Answer File Early November 2006
  • Suspension Letters to EROs for Missing Form 8453
    mid October, 2006
  • Taxpayer Letter Requesting Form 8453 mid
    November, 2006
About PowerShow.com