ARET (Formerly KLHE) Message Board

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Microcap & Penny Stocks : ARET (Formerly KLHE)

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Nov 5 1:03 PM EST

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To: (Bob) Zumbrunnen who wrote (3408)	2/3/1998 11:25:00 AM
From: mtnres	Read Replies (1) of 4594

OFF TOPIC- FYI I appears that due to an IRS snafu in their programming, you cannot file returns with Schedule D's electronically till perhaps Feb. 12 or later. If you filed on paper, they cannot process your return if it has a Schedule D till the IRS fixes it's software to handle the changes in the capital gains processing. Just an FYI for those waiting for refunds. The IRS states, "Unfortunately, the time required to implement the programming required as a result of the extensive changes means that the we will not be able to process returns with Schedule D until sometime in mid-February. We will not be able to accept returns through our IRS e-file systems until the programming is in place. Taxpayers filing paper returns will also be affected. Even though we can accept paper returns we will not be able to process them until the programming is in place. A more exact target date will be determined in December and will be posted immediately to our Website. We expect that only 1 to 3 percent of taxpayers who report capital gains or losses would file early enough to be affected by this processing issue."

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