WASHINGTON
— The Internal Revenue Service announced it will immediately begin the final
reprogramming steps for its income-tax processing systems to prepare for the upcoming
tax season following final passage of the Alternative Minimum Tax “patch”
Wednesday by the House.
“Our people will do everything
they can to quickly update our systems for this major change and make this filing
season as smooth as possible for everyone,” said Linda Stiff, IRS Acting
Commissioner. “Our goal is to process tax returns accurately and to issue
refunds to taxpayers as quickly as possible.”
The AMT
and AMT-related tax calculations affect a number of core IRS processing systems
that will need to be updated. The IRS is continuing to aggressively explore options
for the 2008 filing season in order to minimize the impact of processing delays
on taxpayers. Additional details will be available to the public as soon as plans
are finalized.
To help the tax professional and software
communities prepare for the upcoming filing season, revised copies of the 12 tax
forms impacted by the AMT legislation will be posted to IRS.gov within 72 hours
after the AMT patch is signed into law.
As more details
on the AMT situation develop, the IRS encourages taxpayers to visit IRS.gov
for more information.
