-- Form 8863 - Education Credits
-- Form 5695 - Residential Energy Credits
-- Form 1040-A, Schedule 2 - Child and Dependent Care Credit
-- Form 8396 - Mortgage Interest Credit
-- Form 8859 - District of Columbia First-Time Homebuyer Credit
Advice for This Tax Season: Use E-file
The IRS has made all revised forms associated with the AMT available to tax
professionals and software companies who produce and support software and
online services.
TaxACT believes that the best advice taxpayers can follow this year is to
find out early if the AMT affects you and regardless if AMT affects you or
not, use e-file. Those who submit their IRS return electronically will
still fair better because; returns received electronically will be
processed faster as the IRS works to process the backlog of returns.
"We encourage our customers who use e-file to enter their tax data into
TaxACT® and submit their electronic return as they would normally --
TaxACT is current and up-to-date. As soon as the IRS begins accepting
returns, TaxACT returns will be processed. TaxACT customers can rest easy
knowing no other method will help them to get a faster tax refund -- in as
few as 8 days,"(1) says Stephanie Behrends, spokeswoman for 2nd Story
Software, Inc. -- makers of the popular tax program, TaxACT.
"Those who e-file their tax return also receive 'Proof of Filing' which is
an acknowledgement issued to the filer reflecting when the IRS received and
accepted the return. Conversely, if an error is detected, the IRS can
communicate the problem fast -- even pinpointing the location of the error
in the tax return."
To get a clear picture of the AMT's impact on your return or for more
information regarding TaxACT, visit www.TaxACT.com today and starting your
free Standard tax return.
About TaxACT
As a trusted and secure source for tax preparation and electronic filing
services for millions of taxpayers, TaxACT.com is the only Web-based tax
planning and preparation solution to offer taxpayers a year-round solution.
TaxACT is the pioneer of totally free federal tax preparation software and
online services. Dedicated to providing consumers with a complete Web-based
tax resource for a decade, TaxACTOnline.com is the 2nd most visited online
destination for tax preparation services.(2) Designed to make preparing
taxes electronically possible for everyone for little to no-cost, TaxACT
was the first to offer free federal electronic tax preparation, printing
and electronic filing services directly to all American taxpayers.
About 2nd Story Software, Inc.
2nd Story Software, a privately held company founded in 1998, is critically
acclaimed as being a leader in developing and marketing affordable tax
preparation software and Web-based services directly to consumers. The
comprehensive suite of TaxACT products continues to empower its users to
devise well-informed tax strategies with ease, while looking out for the
cost-conscious. More information regarding 2nd Story and the TaxACT product
line may be found by visiting www.TaxACT.com.
(1) In general, the IRS estimates it takes 8-15 days for taxpayers who use
e-file and direct deposit to receive their federal tax refund from an
accepted tax return. Some IRS processing delays may occur for tax year
2007. (2) According to collective week end-reports released by Hitwise™
during the 2004, 2005, 2006 primary tax seasons, TaxACT Online ranked
second in the percentage of traffic it received as compared to other
monitored Web-based tax preparation services. More information regarding
Hitwise may be viewed by visiting www.hitwise.com.
2nd Story Software, Inc., company and product logos, TaxACT and TaxACT
Online, among others, are registered trademarks of 2nd Story Software.
Other party trademarks or service marks are the property of their
respective owners and should be treated as such.
As a practical note, taxpayers are encouraged to consult a legal or tax
professional if in doubt. TaxACT provides general guidance and not legal or
specific tax advice.
Contact Information: Contact Information: Stephanie Behrends Public Relations Manager 2nd Story Software, Inc. (319) 373-3600