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Louisiana Department of Revenue Expects Impact from Changes to the Upcoming Filing Season

January 07, 2008

FOR IMMEDIATE RELEASE Contact: Tara G. Cunningham, LDR
December 28, 2007 (225) 287-1531

Baton Rouge, LA- The Internal Revenue Service (IRS) has announced processing delays for the upcoming filing season as a result of the Alternative Minimum Tax (AMT) Patch Bill, which was signed into law Wednesday, December 26, 2007, by President Bush. Most taxpayers will not be affected by the AMT patch and will be able to file on the usual schedule beginning January 14, 2008.

However, federal income tax return processing will be delayed until at least February 11, 2008, for those taxpayers who file using one of the five federal forms affected by the AMT patch legislation. And since the Louisiana state income tax is based on federal adjusted gross income with deductions allowed based on certain federal amounts, taxpayers may not file their Louisiana individual income tax return until they have filed their federal income tax return. For that reason, taxpayers affected by the federal delay will also be delayed from filing their state income tax return.

The following five federal forms are affected by the AMT patch:
1. Form 8863, Education Credits
2. Form 5695, Residential Energy Credits
3. Schedule 2 (Form 1040A), Child and Dependent Care Expenses for Form 1040A Filers
4. Form 8396, Mortgage Interest Credit
5. Form 8859, District of Columbia First-Time Homebuyer Credit

The Federal-State e-file system will open for all taxpayers not filing any of those 5 forms as scheduled on January 11, 2008. In addition, the state’s web filing system, which allows taxpayers to personally file their state tax return at no cost, will also be available January 11, and can be accessed from the Department’s website at www.revenue.louisiana.gov.
“Although the federal delay will affect some of our taxpayers who use one of the 5 affected forms, the Department of Revenue is committed to processing Louisiana returns as quickly as possible,” says Cynthia Bridges, Secretary of the Louisiana Department of Revenue.

Taxpayers who use one of the 5 forms affected by the delay shouldn’t e-file or mail the returns until early February. If affected taxpayers e-file their returns before February 11, they will get a message asking them to resubmit the tax return when the IRS systems are ready. Taxpayers who use tax preparation software should update their tax software before printing or filing their return to ensure that they have the latest AMT updates.

The Louisiana Department of Revenue’s mission is to administer the applicable tax laws of the state of Louisiana as well as regulations concerning alcohol, tobacco and charitable gaming.
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