Major Chgs for Form 1040-C

IMPLEMENTATION PLAN for 1040C
Run by User PAPARI00

December 2, 2008

Page 2 of 2

P.L. 110-343, Tax Extenders and Alternative Minimum Tax Relief Act of 2008 (Division C)
Action
Number
65.00174

Act
Section
206

IRC
Section
871

Total Action Items: 1

Description of Action
Revise product to reflect that the provisions relating to the treatment of
certain RIC dividends has expired.

Date Type Effective Date Target Date Actual Date
TYBA

31-DEC-2007 17-NOV-2010

2009

DESCRIPTION OF MAJOR CHANGES FOR FORM 1040-C
Question A and the accompanying checkboxes have been removed. This
revision is necessary to reflect certain policy procedures that have been
changed by a multifunctional task force.
Instructions have been added to Schedule D, line 4, and Schedule D, line 12,
to refer to the special personal exemption rules for individuals providing
housing to Midwestern displaced individuals added by PL 110-343, sec. 702.
The exemption amount and exemption phaseout minimum amount on
Schedule D, line 4, and Schedule D, line 12, have been updated to reflect
Revenue Procedure 2008-66, sec. 3.19.
The itemized deduction phaseout minimum amount on Schedule C, line 2,
has been updated to reflect Revenue Procedure 2008-66, sec. 3.11.