CRITICAL ALERTS!

Idaho Individual Form 40, Line 22 Incorrectly Displays "NRF" Under Certain Circumstances
Idaho Individual Form 40, line 22 incorrectly displays "NRF" under the following circumstances:

• Idaho resident has a business net operating loss (NOL) from a non-Idaho business and no Idaho loss amount, OR
• The federal amount was significantly greater than the Idaho amount and an amount large enough to offset most, if not all of the federal income and yet end up below the threshold for Idaho filing requirement because the federal NOL amount is not being added back to the Idaho gross income amount used in the calculation to determine the filing requirement.

Ohio Pass-Though Entity Form IT-1140, P.2, Schedule B, Line 1, Sum of All Income Does Not Include All Income Needed and Is Not Reduced by Section 179 Deduction
On Ohio Form IT-1140, p.2, Schedule B, line 1 the sum of all income does not include all income needed and is not reduced by Section 179. When Section 179 is taken on the federal return, it is not correctly reducing the amount of income shown on line 1 of Schedule B. In previous years, users could enter amounts on this line.

This situation will be corrected in the Ohio Pass-Through Entity update anticipated to be available online by March 31, 2008. Until this update is available, override the incorrect amount on line 1. Learn more

South Carolina Form SC1040 No Longer Calculates Other Additions to Income
After installing the South Carolina Individual update (v2007.03) that became available online on March 3, 2008, the program no longer calculates other additions to income on the Other Additions to Income Smart Worksheet on Form SC1040. Prior to this update other additions to income were calculating correctly.

This situation will be corrected in the South Carolina Individual update anticipated to be available online on or about March 29, 2008. Until this update is available, manually enter the other additions to income. Learn more

South Carolina Form I-319, Spartanburg Community and Spartanburg Methodist Colleges Not on Picklist
On South Carolina Form I-319, Tuition Tax Credit, Spartanburg Community and Spartanburg Methodist colleges are missing from the picklists on the Qualifying Institution First Enrolled Smart Worksheet and Qualifying Institution Now Enrolled Smart Worksheet.

This situation will be corrected in the South Carolina Individual update anticipated to be available online on or about March 29, 2008. Until this update is available, select Spartanburg Technical College from the picklist. The credit will be provided although the name will be incorrect. Learn more

• Tax Year 2007 Archive CD
  You can expect to receive the Tax Year 2007 Archive CD for ProSeries and ProSeries Basic Edition by April 9, 2008.
  
  If you regularly download and install updates through the program, you do NOT need to install the updates on the archive CD. The updates on the archive CD are the same updates already available through the program.
  
  A few products will require updating after the April archive CD is released. When these updates become available, you will be able to download and install them through the program. If you wish to receive an updated archive CD, you will be able to order it on My ProSeries anytime after July 2008.
  
  
• TIP: Getting Information and Help
  We offer a wide variety of help and support options for you to choose from, including self support (24/7) and assisted support. Below we've listed a few options that you may find helpful:
  • Help Center in the ProSeries software, includes Tax Help, Government Instructions, Program Help, User's Guide, and more. To learn more, type help in the Search Help field and click Search.
  • Online Knowledge Base is a search tool that allows you to search much of the same knowledgebase that our support agents use, giving you access to the most up-to-date information about ProSeries support topics. Try it now at www.proseries.com/support.
  • Online Community is where you can get answers and advice from other accountants and tax professionals. Visit the ProSeries Forums to communicate with other ProSeries users.
  • TaxAlmanac is a free online tax research resource and community for tax professionals. You can participate in forums, read and write articles and much more. Visits TaxAlmanac today.
  • Training options geared to varying levels of knowledge and learning styles are available online. Try a Video Tutorial or Self-Paced Training Module.
  • Tax Articles written by tax professionals for Intuit ProConnection are available for you to read on our Accountant Web site.

View a complete list of General topics.

• Combat Pay Can Count toward Economic Stimulus Payment Eligibility
  On March 20, 2008, the IRS issued News Release IR-2008-48, announcing that military personnel serving in combat zones have the option of including their nontaxable combat pay on their 2007 or 2008 income tax returns if it helps their eligibility for the 2008 economic stimulus payments. To receive the stimulus payment this year, combat zone personnel or their spouses must file a 2007 income tax return by October 15, 2008. Otherwise, they can claim the economic stimulus payment on next year’s income tax return. For more information, please visit the IRS Web site.

View a complete list of Federal Tax topics.

• Electronic Filing Form 1040A to Receive a Rebate
  Electronic filing of the “Stimulus Payment” Form 1040A is now available in the Federal 1040 update that became available online on March 21, 2008. Download and install this update, if you have not already done so. Learn more

View a complete list of Federal Electronic Filing and Bank Products Software topics or visit the EF Atlas.

• State Web Sites
  Links to State Tax Departments (Departments of Revenue) Web sites.

View a complete list of State Tax and State Electronic Filing topics or visit the EF Atlas.

If you have any questions or comments about this newsletter, please contact a ProSeries agent through the e-mail support feature located in the My ProSeries section of the ProSeries Web site.

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