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Level 1
January 6, 2023
Question

Is there Any way to bypass the form 8895? I've got my taxes complete but they are waiting to submit until they see if tax laws change?

  • January 6, 2023
  • 2 replies
  • 17 views
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2 replies

Mike9241
Level 15
Level 15
January 6, 2023

if you want the QBI deduction the form is required. 

Mike9241
SteamTrain
Level 15
January 6, 2023

There is no reason to file now anyhow.  The IRS isn't expected to even start accepting e-files until the last week of the month, and the 8995 is scheduled to be ready the 26th.

 

I hope you realize you indicated that you are using LIVE.....that costs more if you aren't actually using an agent to help you.... and WE, here in the forum, are not your agent(s).

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*