Has anybody out there any info as to when 5695 will be available for e-file? Thank you, Lawrence C, CPA

[sjrcpa · Accepted solution]

For what do you exoect to receive the credit?

[lcaplan]

These replies are incorrect.  Congress passed the residential energy credits a month ago.

[Just-Lisa-Now-]

Been available for months.....solar, wind, geothermal and fuel cells are the only credits available for 2018.

[IRonMaN]

But it will take a retroactive tax law to get the rest of the form "available for e-file"

[lcaplan]

They did pass the residential energy credit retroactively a month ago.

[sjrcpa]

Really. Got a cite?

[lcaplan]

https://www.taxprotoday.com/news/senators-grassley-and-wyden-introduce-retroactive-tax-extenders-and...

[Just-Lisa-Now-]

They talked about it, never got passed though.

[lcaplan]

coincidentally, this e-mail from accounting today JUST arrived in my mailbox.  Apparently, it will be extended, but Congress is still working on it.  Good Grief!  "Adding to the confusion this year is that the law that applies to 2018 tax returns could still be changed. Congress is still working on legislation that extends retroactively to 2018 around 30 tax breaks that expired at the end of 2017. Many of the tax breaks are energy-related or related to specific industries, but a handful are individual tax breaks, such as the tuition and fees deduction, the exclusion for forgiveness of mortgage debt, and the deduction for mortgage insurance premiums. Taxpayers hoping for one of these tax breaks may have to file for an extension or file an amended return if these extenders are enacted."

[lcaplan]

Here is the link.....https://www.accountingtoday.com/opinion/the-2019-filing-season-refunds-extensions-technical-correcti...

[Just-Lisa-Now-]

Summertime fun!