Explanations of some new tax laws
From the latest issue of Intuit’s ProConnection newsletter:
Three Versions of Homebuyer Credit May Confuse Clients – On a related note, the folks at Jennings Seminars have a handy table of the different applications of the homebuyer’s credits available for download.
New Law Mandates Electronic Filing by Return Preparers If Filing Ten or More Returns – As a stubborn hold-out on e-filing so that I can attach a lot of explanatory details to tax returns, this was something I was not happy to see. I will be investigating the penalties for not complying with this request and will most likely continue to only prepare paper tax returns. The Bob Jennings seminar speaker a few weeks ago mentioned that e-filing is going to allow attachments of pdf pages in the next few years, so that may be what I need to be able to attach all of the self defense documents that I like to include with tax returns. Until that is possible, I will continue to refuse to e-file.