IRS Form 5695

Forum|Forum|2 years ago
January 30, 2024
3 replies
16 views

What’s the holdup? Available date keeps slipping out a week at a time.

DoninGA

Level 15

The IRS still has not updated the Form 5695 Instructions for tax year 2023, they are still in draft mode - https://www.irs.gov/pub/irs-dft/i5695--dft.pdf

jersiAuthor

Level 2

I checked the IRS web site, and form 5695 for 2023 is available for download. The problem appears to be the TurboTax implementation.

CatinaT1

Level 15

The fact that the forms are available on the IRS website, doesn't mean it can be e-filed with a tax software program.  The forms are available if you are going to download 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.

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