The Internal Revenue Service said it has begun successfully processing the five tax forms affected by the long-delayed patch for the alternative minimum tax.
The IRS began accepting the five forms on Monday, Feb. 11, and after several days of processing them, the IRS has confirmed that its systems are working properly. The five affected forms are 8863 (Education Credits), 5695 (Residential Energy Credits), 8396 (Mortgage Interest Credit), 8859 (District of Columbia First-Time Homebuyer Credit), and Schedule 2, Form 1040A (Child and Dependent Care Expenses for Form 1040A Filers).
The IRS estimates that approximately 13.5 million taxpayers will use those forms this year. The agency expects to receive nearly 140 million individual tax returns this year.
The IRS has worked with tax software vendors to reprogram their systems to produce and submit the right forms.
