03-04-2010, 06:16 PM | #121 |
Getting Wild
Join Date: Oct 2009
Location: Louisiana
Posts: 79
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Re: Tomberlin Tax Credit
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03-05-2010, 08:26 AM | #122 | |
Not Yet Wild
Join Date: May 2009
Posts: 29
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Re: Tomberlin Tax Credit
Quote:
Come to find out my return was filed with a form 8910 instead of a 8936. The IRS did not know why. When I was filling out my return Turbo Tax was not checking the box on line 53 and listing 8936 on the 1040. I called Turbo Tax and they said no problem just send it. I have no idea what it sent electronically but the paper copy I printed had the form 8936 with it. I guess I will find out in time how to correct this. I have to wait till March 15 to file an amended return. |
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03-05-2010, 08:27 AM | #123 |
Not Yet Wild
Join Date: May 2009
Posts: 29
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Re: Tomberlin Tax Credit
If you used Turbo Tax can you check line 53 of your 1040 and see if it checked the box and listed 8936 as the form?
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03-05-2010, 10:07 AM | #124 |
Not Yet Wild
Join Date: Aug 2009
Location: Palm Beach County, FL
Posts: 72
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Re: Tomberlin Tax Credit
I didn't use TT, I used an accounting firm which I have used for many years. Don't think I can be much help. Hopefully it's as simple as sending in the correct form and clears this whole thing up.
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03-05-2010, 04:48 PM | #125 | |
Not Yet Wild
Join Date: Mar 2010
Posts: 4
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Re: Tomberlin Tax Credit
Quote:
I also have to wait until my notice gets delivered sometime after 3/15. I may be asking TT for a refund of my software price! |
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03-05-2010, 04:55 PM | #126 |
Not Yet Wild
Join Date: Mar 2010
Posts: 4
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Re: Tomberlin Tax Credit
Apparently, this is a pervasive bug with TurboTax...
http://www.nevzone.com/viewtopic.php?f=6&t=89&start=20 |
03-05-2010, 05:29 PM | #127 |
Not Yet Wild
Join Date: May 2009
Posts: 29
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Re: Tomberlin Tax Credit
Below is an email i received from Turbo tax about two weeks ago just before I sent it. The spooky part is I have one return in hand from Turbo Tax that has the 8936 in it. Best I can figure out a different return was sent to the IRS electronically with form 8910 instead of 8936.
"Thank you for contacting TurboTax Help and Support. You called requesting assistance regarding the following issue: I was completing mu 1040 Line 53 / Box c using form 8936 at the bottom of These are the actions we took to assist you in resolving your issue: We resolved your issue by I did Recreate your return, issue and i had the same issue however after reviewing with a lead person the issue is not affecting your calculations. Thank you for using Turbo tax and thank you for your phone patience. If you have any trouble transmitting for e-file. Contact us again. Marion" |
03-05-2010, 05:41 PM | #128 |
Not Yet Wild
Join Date: Mar 2010
Posts: 4
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Re: Tomberlin Tax Credit
Nevermind everyone. My issue was an AMT issue. Apparently, the AMT is unaffected by the 8936 tax credit, so they reduced my credit in order for me to pay the full AMT amount.
This really sucks. But, I guess it wasn't a TT form issue after all. UPDATE: After reading the IRS guidance on their website, the ARRA was supposed to permit the 8936 credit to be used to offset AMT. I'm on the phone with an IRS Tax Attorney now to get them to figure this out... man, who knew this would be so complicated! UPDATE 2: Talked to the IRS tax attorney, and she said they goofed! But here's the reason why she thinks they goofed. In 2008, any kind of alternative vehicle credit (hybrid, etc.) could NOT be applied to offset the AMT. But the ARRA for 2009 changed the ruling, allowing these credits to be used to offset AMT. So now, I have to have the account services team "write this up" and issue the remainder of my refund. The attorney said it might take as much as 30 days (yuck), but at least I might be getting my money after all. I'll keep everyone posted! So beware, if you're teetering on the AMT threshold, depending on who is reviewing your return you could get screwed - temporarily. Last edited by amasih; 03-05-2010 at 06:04 PM.. Reason: More Information |
03-29-2010, 11:41 AM | #129 |
Not Yet Wild
Join Date: Feb 2010
Location: Flroida
Posts: 63
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Re: Tomberlin Tax Credit
I just got my 4200 on my tax credit for Uncle Sam, I had no problems getting it. I bought a 2010 last year.
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04-06-2010, 09:15 PM | #130 |
Not Yet Wild
Join Date: Apr 2010
Posts: 1
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Re: Tomberlin Tax Credit
313
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