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Subject Author Date
Filing 1040 Sched As this year Tony Cox 12-13-2006
Posted by Tony Cox on December 13, 2006, 10:19 pm
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 I downloaded the 2006 Sched A (1040) from the IRS web site
before congress changed the law to allow deduction for sales
tax. I notice that the form is missing the option to deduct
this instead of income tax on line 5.

So, what is supposed to happen now? Will the IRS issue
another 2006 Sched A, generating much confusion, or is the
sales tax deduction supposed to be claimed differently from
2005?

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
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Posted by Arthur Kamlet on December 15, 2006, 9:46 am
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> I downloaded the 2006 Sched A (1040) from the IRS web site
> before congress changed the law to allow deduction for sales
> tax. I notice that the form is missing the option to deduct
> this instead of income tax on line 5.
>
> So, what is supposed to happen now? Will the IRS issue
> another 2006 Sched A, generating much confusion, or is the
> sales tax deduction supposed to be claimed differently from
> 2005?

The IRS will issue instructions for how to use the existing
Schedule A to elect sales tax instead of income tax.

They also will have to issue instructions for other
credits/deductions passed and expected to be signed into law
momentarily. These inclcude the Educators Deduction and the
Tuition & Fees Deduction.

__
Art Kamlet ArtKamlet @ AOL.com Columbus OH K2PZH

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Herb Smith on December 15, 2006, 9:46 am
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Tony Cox wrote:

> I downloaded the 2006 Sched A (1040) from the IRS web site
> before congress changed the law to allow deduction for sales
> tax. I notice that the form is missing the option to deduct
> this instead of income tax on line 5.
>
> So, what is supposed to happen now? Will the IRS issue
> another 2006 Sched A, generating much confusion, or is the
> sales tax deduction supposed to be claimed differently from
> 2005?

I'm sure that the software companies will have a way to do
this smoothly. If you file a paper and pencil return, just
use a 2005 Schedule A form.

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Phil Marti on December 15, 2006, 9:46 am
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> I downloaded the 2006 Sched A (1040) from the IRS web site
> before congress changed the law to allow deduction for sales
> tax. I notice that the form is missing the option to deduct
> this instead of income tax on line 5.
>
> So, what is supposed to happen now? Will the IRS issue
> another 2006 Sched A, generating much confusion, or is the
> sales tax deduction supposed to be claimed differently from
> 2005?

The law hasn't even been signed yet, although I'm sure
they'll have a release out shortly after it is. They have
already said they're not going to revise the forms.

--
Phil Marti
Clarksburg, MD

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Victor Roberts on December 16, 2006, 8:39 pm
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>> I downloaded the 2006 Sched A (1040) from the IRS web site
>> before congress changed the law to allow deduction for sales
>> tax. I notice that the form is missing the option to deduct
>> this instead of income tax on line 5.
>>
>> So, what is supposed to happen now? Will the IRS issue
>> another 2006 Sched A, generating much confusion, or is the
>> sales tax deduction supposed to be claimed differently from
>> 2005?

> The law hasn't even been signed yet, although I'm sure
> they'll have a release out shortly after it is. They have
> already said they're not going to revise the forms.

I didn't know that the IRS was allowed to use tax forms that
don't comply with the current tax law.

--
Vic Roberts
Replace xxx with vdr in e-mail address.

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

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