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Form 8960 Farmers

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    #1

    Form 8960 Farmers

    March 3rd (today) is the farmer deadline. I have a farmer who must file Form 8960 and Ultra Tax is recommending not to file any returns with the form pending final approval from the IRS after the instructions were incorporated (they were released on February 27th).

    The form can be e-filed now, but they are recommending that I not e-file or file on paper with this form. Do you think the IRS would waive penalties should we (taxpayer and I) decide to wait until Ultra Tax removes the form from the wait list?

    Any thoughts?
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    #2
    Maybe not the same but ... I did e-file a return recently with the form. I would file and be done with it.

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      #3
      Thanks for the thoughts. I have worked through the form and the final instructions and do not see a problem with the calculation.

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