form 8283 not ready

[djtenn2000]

Are many of you having to delay filing returns because Form 8283 is  not ready?  The update keeps getting push farther out.  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. This tells me that this is a software issue; not a forms availability problems.  Meanwhile, I've got hundreds of returns I can't file because of this.

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.

[BobKamman]

I can only find the draft version on the IRS website.  This tells me that it is an IRS problem, not a software problem.  But then, that might just be my knee-jerk reaction.  

[Taxprohere]

I'm curious, @djtenn2000 your post got me wondering!  On Feb 1, you already have hundreds of clients who:

are itemizing and with excess of $500 for noncash donations. 

You would think these are homeowners with a sizeable mortgage interest, (or with high medical bills and maybe giving away their life's accumulation before reaching the clouds?)  From my experience, homeowner-taxpayers in that situation are just starting to get their mortgage tax forms, many have investments as well, waiting for those. 

But you already have hundreds of itemizing, generous taxpayers as clients...sure you're not exaggerating just a bit? 😉

[IRonMaN]

If you want to check someone’s posts from almost exactly one year ago, I think we had a similar discussion 

[abctax55]

@Taxprohere ...

Good observation & the OP actually stated the same thing on Jan 29th...3 days ago.

[djtenn2000]

I'm pretty sure it was 2023. However, my post then was very accurate and caused tthe update to be corrected within a few days-- not weeks.  This time it looks slightly differently, but it's the same laziness. 

Regardless, it costs us money daily. 

Those of us who understand how important charitable deductions are, please take a moment to help esuclate this so we can get is fixed.  

[Taxprohere]

Specifically, the OP means noncash charitable deductions, since the cash category doesn't have a software issue.  But it is impressive to have 40% of your client base already completed (those without K1s or investment income of course) who still benefit more by itemizing than the standard deduction.

I'm only at 3% of my client base done, the ones who just have W2s, etc, standard deduction, really basic stuff right now.  Homeowners, self-employed, investment clients I'll see in March. Guess I have time to think about the logistics of another comment, that on the 50% AGI limit for noncash/carryover: 

I can see taxpayers generous with cash donations year after year, etc, but super-large noncash donations, doesn't someone run out of things to donate, year after year?  Unless they're shopaholics, and constantly buying stuff and turning around and donating?  I wouldn't give them personal advice for that!, but for my clients I advise (or 'teach them' to borrow a phrase) to adjust any prepayments/withholding so their refund is small, or even a small balance.  With the goal not to have a large refund, it also makes early filing not as important for them, and not stressful for a tax preparer having 40% of client base in just the first few days! 

[djtenn2000]

Lol! It’s not 40% so far. It’s a lot of new clients. Great catch there bc that means I will definitely have well over 500 this year. 

i do advise clients to with similar as you suggest. But that’s not the monopoly of thought when it comes to taxes. I don’t think ppl think of taxes as “savings” when they get the results. They only see refunds as a savings. However, my 1099 and business owners completely get it lol!

[djtenn2000]

I did post it. But oddly the Intuit moderator closed it bc she said it was in the TurboTax forum. I didn’t even realize the DIYs could get in this particular forum. 

Nevertheless, I’ve reposted bc I think it’s important whenever we have long form delays that our peers, using other softwares, do not. 

[BobKamman]

If IRS hasn't released it, they haven't approved its use by other software companies.  If those companies are telling IRS to go suck swampwater, should we applaud or avoid?