Thread: IRS Sends WRONG Forms

The IRS sent out approximately 13.5 million incorrect Form 1040 tax packages the first week in January.

There are 5 forms that are incorrect because of the last minute AMT patch. The 5 forms are Form 8863, Education Credits; Form 5695, Residential Energy Credits; Form 8396, Mortgage Interest Credit; Form 8859, District of Columbia First-Time Homebuyer Credit; or Schedule 2, Child and Dependent Care Expenses for Form 1040A Filers.

It is up to YOU to get the right form. If you file with the wrong one, you will be responsible for penalties.

Also, if you use any of those 5 forms, you cannot file electronically until mid-February. If you attempt to file, it may look like the IRS accepted your return, but it did not. It is up to you to file mid-February when the IRS has corrected their computer (of course, they may or may not tell you when that is.)

In other words, the IRS is saying "we goofed and if you rely on our bad information, incorrect forms, or faulty programming you are at fault"

Whew! Watch out guys - this year is going to be a tricky one.

Totally :-\

I've never heard of "Form 5965, Residential Energy Credits" nor do I see it on the IRS' form download site. Is this new? What is it used for, specifically?

Edit: Ah, okay. It looks like it's 5695 (not 5965). Gotta check into this one.

Originally Posted by NoMoneyDown

I've never heard of "Form 5965, Residential Energy Credits" nor do I see it on the IRS' form download site. Is this new? What is it used for, specifically?

Edit: Ah, okay. It looks like it's 5695 (not 5965). Gotta check into this one.

Fixed the typo - thanks for catching that.

Originally Posted by Diane Kennedy

Fixed the typo - thanks for catching that.

No problem. And a belated "thank you" for all the expert advice you have given. It is very much appreciated!

Thanks for the info!