Alternative Minimum Tax (AMT)
Update

 To update you on the possible delays in filing 2007 Tax  Returns, the IRS released yesterday the timetable of filing.

•  Most taxpayers will be able to file their 2007  Tax Returns by mid- January, 2008.
•  Taxpayers will be delayed in their 2007 Tax  Return  filings until mid-February, 2008
   If they file the following forms in their returns:

1.  Form 8863, Education Credits.
2.  Form 5695, Residential Energy Credits.
3.  Form 8396, Mortgage Interest Credit.
4.  Form 8859, District of Columbia First-Time   Homebuyer Credit.
5.  Form 1040A’s Schedule 2, Child and Dependent   Care Expenses.

• All other 2007 Tax Return filings should not be affected by the late enactment of the Alternative Minimum Tax “patch”.

 As your tax professional, I continue to monitor late Congressional changes in the tax law and assure you that I will file your taxes both timely and accurately.