If I am below the AMT income threshold then am I still affected by the tax filing delay imposed?

Answer 1

They haven't announced anything yet, and probably won't until Congress gets their act together and figures out what to do with the AMT.

Most likely scenario is that everyone will be able to file on the already announced January timeframes, but if your return if subject to AMT under current rules, it might not be processed until everything is settled. If you are below the AMT anyway, it shouldn't affect you.

Answer 2

The IRS should have only one program to validate and process each type of tax return. There wouldn't be different versions that could run if one was single vs married, dependents vs none, income below $50,000 and over $50,000, etc.

Without the patch, even the 1040EZ has an issue because a married couple making $100,000 would owe another $800 in AMT.

PS, I love how the poster *knows* he is below the AMT income threshhold. That's only true if his AGI is below $33750 if single and $45000 if married filing jointly.

Answer 3

definite it incredibly is confident, yet on condition which you employ specific types. or you may document on the conventional schedule of Jan one million by way of mail, mid January by way of efile. The postpone became brought about by way of Congress no longer passing the guidelines that impact AMT till previous due December. The IRS has to reprogram their desktops to handle the hot rules. they have executed some, yet no longer all of it - so some types nevertheless might desire to be reprogrammed. The types are: • form 8863, coaching credit. • form 5695, Residential capability credit. • form 1040A's schedule 2, baby and based Care costs for form 1040A Filers. • form 8396, loan pastime credit and • form 8859, District of Columbia First-Time Homebuyer credit. in case you do no longer use any of those, you isn't plagued by way of the postpone. submitting which comprise your final paystub has no longer something to do with the IRS, it incredibly is a few thing now and returned offered by way of tax prep companies. you at the instant are not truthfully submitting till you get your W-2 - what they do is furnish you with a extreme fee own loan for the quantity of your refund till you get your W-2, truthfully document, then they use your definitely refund to pay off the own loan. you will might desire to envision which comprise your tax prep place and ask them in the event that they're offering this form of non-public loan this 3 hundred and sixty 5 days - some may be, some at the instant are not.

Answer 4

The IRS has said that if the situation is not resolved this week, ALL returns will be delayed. Don't bother paper filing as it will only sit at the IRS and be delayed further.

Answer 5

If this fiasco happens, that will be all the more reason to e-file, even if the e-file can't be immediately transmitted, because many people will just mail it in, which will further flood the IRS with work.

Answer 6

No one knows yet. You can file but they may delay processing the return.