Are many of you having to delay filing returns because Form 8283 is 'magically' not ready? I have called and submitted escalation to tech support because peers using other software do not have this problem.
I have found a workaround for now: You can't list non-cash (goodwill, salvation army, etc) for more than 500. You can put the remainder in carryover in order to see the tax savings. You may see a reduction in client's refund, but it's the best way to keep your submission and revenue running, given that Intuit will not have an update till 02/06---and no guarantee it will be fixed.
If any of you are experiencing this, PLEASE call tech support and demand an 'escalation' about correcting form 8283. To be frank, it's costs us money everyday we can't file and exposes us to competition.
bookmark this site and you can see when forms are going to be ready
Wow just wow. Your work around may "see a reduction in client's refund" and it might also perjure yourself when you sign return because there really is no carryover. There is a little note under the signing part of return concerning you signing a true, complete and correct return. It is only a week away to when the form is finished and released. Don't try to convince others to reduce client's refund and perjure themselves.
Not at all. The deduction is the SAME whether it's on carryover or not.
The 3 responses I see so far are obviously not WELLL educated in this business and this doesn't affect you. 14 days of holding 'pay by refund' clients is ridiculous. Over 10 years of using this software qualifies me to make this post, complain, and offer a solution. This happened a few years ago when MANY OF US complained. I was the one called out the delay for not being IRS-related then. I'm doing it again now. It was fixed within days--not WEEKS! We pay too much to Intuit for them to continually delay our ability to earn! AGAIN: The last time I did this, Intuit fixed it within days--not weeks!
THIS IS A COMMON FORM. Other softwares aren't being delayed!
The form is ready in my ProSeries Pro. The only glitch I see is having to fill out all info, even if under $500.
It really is no big deal, as any of my clients that use it will not be in until March.
And thanks to the super generous standard deduction thankfully I am not seeing this issue on the 1040 side so far this year.
Wow.. 2nd
You can put the remainder in carryover in order to see the tax savings.
Although slight, there is a possibility that this will delay the refund because the IRS might want to match it to the prior year. Seems like a risky thing to me. Let us know how it goes.
(Side note: testing the IRS computer capabilities in small ways like DJTENN is doing always interests me. I am for efforts to see what the IRS cares about. Maybe this yields interesting info.)
Turbotax is showing form 8283 won't be ready until 2/13 now. I've made numerous posts about this issue and tried to escalate. This is my last year using Turbotax. There are too many competitors now who don't have the ongoing issues that Turbotax does.
Most of my clientbase earn over 100k; so the 8283 is always more than $500. So yes, it's a huge disappointment to experience a delay with one of the most common forms. I'm comfortable with how I've worked around it. However, I don't like having it being less on the federal form versus the state.
It's not ready. Type in $1000 and check for errors
This has been a common practice of mine for over 20 years. Charitable is 50% of AGI.
Most of my clients earn over 100K. Charitable is the key form to get them beyond the lousy standard deduction. It is also the best way to help clients save money.
Further, I have only had 3 IRS audits in 20 years. I do have about 500 clients. None of the charitable has ever been an issue.
My suggestion is to look more into charitable contributions and carryover. You'll be surprised at how much you can save your clients.
Form 8283 is now delayed to 2/13/25
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