topic Re: Form 8938 pushed another week??? in Get your taxes done using TurboTax

Form 8938 pushed another week???

KHM2 — Mon, 15 Feb 2021 18:48:11 GMT

Form 8938 has been pushed from 2/18 to 2/25?/ why so? I need to get my taxes done and refund processed ASAP but this form is hindering me from doing so. When will form 8938 be available in TT and why is it not now?? I will probably just dump all my info int H&R and see if they have the form available.

Re: Form 8938 pushed another week???

LinaJ2020 — Mon, 15 Feb 2021 23:35:56 GMT

The forms are available if you are going to download from the IRS website to complete on your own. However, e-filing is different. Once the form is finalized by the IRS, it has to be coded into the special language the software uses and has to be thoroughly tested for calculations and e-filing acceptability. IRS then has to approve it for e-file. It always takes a little longer for a form to become available for e-file in a software program. I hope this helps you understand the situation. At this point, the IRS expects to approve the form 8938 on TurboTax e-file as 02/25/2021.

A Form 8938 is used when you have specified foreign financial assets and the total value of all the foreign assets in which you have an interest is more than the appropriate reporting threshold. For details, click here: https://www.irs.gov/instructions/i8938

Re: Form 8938 pushed another week???

KHM2 — Tue, 16 Feb 2021 00:07:53 GMT

Yes I understand this but what has changed in this form to need revising other than the year??? It’s a pretty standard form.

Re: Form 8938 pushed another week???

BrandiLO — Thu, 18 Feb 2021 20:42:00 GMT

Nothing has really changed with the form, but the IRS has been more delayed than usual with many forms because of COVID delays.