EVLN(2001 e-file your EV tax credit)

[brucedp@iname.com]

EVLN(2001 e-file your EV tax credit)
[The Internet Electric Vehicle List News. For Public EV informational
 purposes. Contact publication for reprint rights.]
 --- {EVangel}
Electronic filing
Lesli S Laffie
08/01/2000
The Tax Adviser
532-533
Copyright (c) 2000 Bell & Howell Information and Learning Company. All
rights reserved.
Copyright American Institute of Certified Public Accountants Aug 2000

  According to IRS officials, the paper signature jurat will be
eliminated for electronically filed (e-filed) Federal individual
income tax returns during the 2001 filing season. Taxpayers who
e-file will not have to file a paper copy of Form $453, U.S.
Individual Income Tax Declaration for Electronic Filing. Instead, a
self-selected, five-digit personal identification number (PIN),
together with two "shared secrets" (tax liability and prior-year
adjusted gross income) and the taxpayer's name and Social Security
number, will constitute a valid signature. 

  The new electronic signature program will be available nationwide
during the 2001 filing season. Approximately 6.8 million taxpayers
participated in the IRS's PIN pilots during the 2000 filing season,
almost a 500% increase from 1999. The IRS decided not to continue to
mail postcards with PIN numbers to taxpayers, due to cost and
administrative concerns. For the long term, the IRS is working to
develop a digital signature. 

  In 2001, 23 new forms will be accepted through the IRS's e-file
program; 39 additional forms will be added in 2002. New for the 2001
filing season on the electronic Form 1040 will be space for preparer
notes, statements and elections, features that had been requested by
many practitioners. Returns of taxpayers with foreign addresses will
be accepted in 2001. 

  The 23 additional forms to be accepted in the Form 1040 e-file
program for 2001 include: * Form 2106-EZ-Unreimbursed Employee
Business Expenses 
[...]
  * Form 6478-Credit for Alcohol Used as Fuel 
[...]
  * Form 8834-Qualified Electric Vehicle Credit 

  * Form 8835-Renewable Electricity Production Credit 
[...]
 ...
 http://www.bellhowell.com/
Copyright (c) 2000 Bell & Howell Information and Learning Company
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