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Form 1040A or 1040 Schedule R for Austin Texas: What You Should Know

The revised policy provides guidance on the types of substitute forms which the IRS will use as part of its substitute tax system which is a core element of the substitute rules and procedures. Forms in which the IRS has determined that the taxpayer may be able to claim a credit or refund under section 482 of the Code are excluded from the requirements for developing substitute forms. Instead, taxpayers are required to obtain a request from the taxpayer to be considered as entitled to a credit for a liability or deduction under the section 482 program.  The revised policy requires that at least one form for which no other form is readily available for the year be developed to be used as substitute for the Form 1040EZ and the Form 1040A. See IRS Publication 517, Notice 2005-46 and Forms and Publication 1040. The Rev. March 2003-73 contains a number of clarifications, corrections and changes from previous rules, which were approved on October 9, 2002. Additional guidance is available to aid tax practitioners in developing and filing a substitute form for tax items with zero tax liability, in assessing an excess refund (or allowance) on which no refund is assessed, and in calculating the amount of tax (or refund) for certain foreign taxes that are treated as foreign income. 1.1.6.1.8 (01-Oct-2017) Additional guidance for tax practitioners Developing a substitute form for tax items with zero tax liability The IRS issued a publication, Additional Guidance for tax practitioners (IRS Form 1040A, Substitute Tax Forms) on April 24, 2011, and revised the following: — Additional information for identifying taxable items with zero tax liability — Changes to the form's instructions — Publication 517, Notice 2012-34 (updated for 2011) If the taxpayer requests a substitution form for some tax items with zero tax liability, the IRS should: — Develop a complete form (Form 1040, Form 1040A, Schedule R, Schedule R-EZ, Form 1040NR, Form 1040NR-EZ, or Form 1040NR-SS) if the taxpayer's claim to credit for a liability or deduction under section 482 of the Code is made with a partial deduction claim under section 481. If there is a partial deduction claim for a section 481 liability or Section 482 deduction, or a full deduction claim for a section 481 property deduction, a complete form would have to be developed.

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