[Michlib-l] TFOP Alert: IRS Forms and Publications Update (133730X)
Ryan Eby
ebyr at aadl.org
Wed Feb 21 14:27:13 EST 2018
Hi Paul,
Your rep was probably thinking about the tax cuts and jobs act of last year which affected withholding. The Bipartisan Budget Act of 2018 is much more of a mess because it retroactively extended a bunch of tax credits that had expired at the end of 2016 to expire in December 2017. I have no idea if this affects forms or just instructions and I'm guessing the IRS is still trying to figure that out as well.
Here is a small list of some of the changes:
https://www.accountingtoday.com/opinion/tax-aspects-of-the-bipartisan-budget-act-of-2018
I know some people with solar projects that are waiting to redo their taxes because of it. I guess we'll have to wait and see what the IRS re-issues.
Ryan Eby
From: "Paul McCann via Michlib-l" <michlib-l at mcls.org>
To: michlib-l at mcls.org
Sent: Wednesday, February 21, 2018 1:02:12 PM
Subject: Re: [Michlib-l] TFOP Alert: IRS Forms and Publications Update (133730X)
Hi Jolee,
We got the notice yesterday. I called our Representative's office and was told the tax law changes only affect the 2018 W-4 for withholding. The staffer said the forms for filing 2017 taxes are not affected. We had already been giving out forms for about a month when we got the letter (Notice 1437) yesterday, and had no way of contacting people who had already picked up forms. We're leaving our forms out, but will be considering whether we continue to distribute printed forms in future years. If any of this comes back to haunt us, we'll definitely default to providing access to and assistance with the IRS web site.
Hope this helps,
Paul
Paul McCann Dexter District Library
Library Director 3255 Alpine St.
Phone: 734-426-4477 Dexter, MI 48130
Fax: 734-426-1217 [ http://www.dexter.lib.mi.us/ | www.dexter.lib.mi.us ]
On 2/20/2018 4:08 PM, Hamlin,Jolee via Michlib-l wrote:
With the new notice from the IRS that there may be changes made to the federal forms because of the new tax law passed on Feb 9, AND the fact that the IRS will NOT be printing the forms to send to libraries, what are other library systems doing? Are you pulling the forms with signage and info, telling folks were to order when they are ready? Or….? Thanks for thoughts.
Jolee Hamlin
Senior Associate Director of Public Service
Capital Area District Libraries -- Administration
401 S Capitol Ave
Lansing MI 48933
[ tel:517-367-0810 | 517-367-0810 ] (external); ext. 1810 (internal) | [ mailto:hamlinj at cadl.org | hamlinj at cadl.org ]
[ http://www.cadl.org/ | www.cadl.org ] | facebook.com/cadlibrary | twitter.com/cadl
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