March 2013; E-filed Tax Returns with Incomplete Forms 8863, Education Credits, Experiencing Delays

The IRS revised Form 8863, Education Credits, for Tax Year 2012 to help taxpayers and tax preparers understand the qualifications for the American Opportunity Tax Credit.

Checkboxes for lines 23-26 were added to confirm basic qualifications for taxpayers claiming this credit. If these lines are left blank, there will be a delay in the processing of the taxpayer’s return.
To avoid delays, ensure your clients complete Form 8863 correctly.