IRS Announces Delay in Form 8863 (Education Credits - American Opportunity and Lifetime Learning Credits)

The IRS has announced that they will not be accepting Form 8863 until late Feburary to early March 2013. This hold is industry-wide and will impact all transmitters and all tax preparers.

What you need to know:

• The IRS announced they will NOT be accepting Form 8863
• The hold is industry-wide direction from the IRS
• Form 8863 will be accepted by the IRS in the approximate timeframe: late February to early March 2013

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Next Steps:

1. We are working with the IRS to determine the status of returns that have already been submitted with From 8863 and received acknowledgements. CrossLink will continue to keep you updated.
2. CrossLink has “blocked” Form 8863 until such time that the IRS is accepting this form. You CAN STILL SUBMIT RETURNS!
3. You will need to file an amended return once the IRS begins accepting Form 8863.