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December 05, 2012



It is is bit ironic how those huge books full of instructions still fail to completely explain the questions. You are right. The wording is misleading and could have a huge impact on whether that questions gets answered properly or not.

Megan Sonicksen


NATP brought this issue to the IRS's attention (as noted in the last TAXPRO Weekly), this was their response to us:

Tax Forms & Pubs will clarify the 4 prior year rule in the Instructions. The language on line 23 reflects what is in the statute. Tax Forms & Pubs will clarify that taxpayers can only claim the credit for any prior 4 tax years. We may even add some examples to reduce confusion, but that has not been decided.

Not exactly the response you were looking for.
Megan Sonicksen
NATP Tax Communications

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