Retirement tax questions


@joshuafstr wrote:
  • Ok thank you. Do they have any idea on a time frame when they will have the information? End of January perhaps, or mid February?

Nobody knows, other then the IRS and the IRS will not say.   As of now, the form does not even exist - it is still in the draft state at the IRS.  Even after the IRS releases the paper form version, it take several weeks more to write and release the electronic form specifications of the form so e-file providers can program, then the IRS requires end to end testing (both the IRS and providers must program their computers so that they talk to each other) and that takes several week longer.

 

A few years ago a late form forced those that needed the form to pay any tax owed by April 15 and file for an extension to Oct 15 to file.   The form was finally released in May (after the April filing date).

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**