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ProSeries
News - TY07, Vol. 23
April 23, 2008 |
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Newsletter
Categories
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Useful
Online Links
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We hope you had a very successful tax season. We'd
like to thank you for using ProSeries tax software and remind you that your feedback is important to us.
The quickest and easiest way for you to provide your input
is by visiting the ProSeries
Feedback Center.
We appreciate your taking the time to share your thoughts.
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| General
Information |
ProSeries
and ProSeries Basic Edition
- System Requirements for 2008 ProSeries Tax Software
The system requirements for Tax Year 2008 ProSeries tax
software are now available. Learn
more
View
a complete list of General
topics.
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| Federal
Taxes |
ProSeries Basic/1040 and ProSeries/1040, 1120, 1120S, 1065,
1041 and 990
- Amending
Individual and Business Returns
Below are links to information on how to amend individual
and business returns that you may find helpful:
ProSeries/990
-
IRS Issues Draft Instructions for 2008 Form 990
On April 15, 2008, the IRS issued News Release IR-2008-60,
releasing for public comment the draft instructions to
the 2008 Form 990, which is the return most tax-exempt
organizations must file annually. The instructions apply
to the redesigned Form 990 that organizations will file
for their 2008 tax years (returns filed in 2009). The
final version of the redesigned Form 990 was unveiled
in December 2007 (IRS news release IR-2007-204). For more
information, please visit the IRS
Web site.
View
a complete list of Federal
Tax topics.
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| Federal Electronic Filing and Bank Products Software |
ProSeries/1040 and ProSeries Basic/1040
- TIP:
Electronically Filing an individual Return after Electronically
Filing an Extension
We recommend that you wait until the extension acknowledgment is received before electronically filing the completed return. Learn more
View
a complete list of Federal
Electronic Filing and Bank Products Software topics
or visit the EF
Atlas.
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| State Taxes and State Electronic Filing |
New
York Individual
- New
York Amended Returns
On April 18, 2008, the New York State Department
of Taxation notified us that they are seeing many amended returns in production that
are incomplete filings and are being sent back to the
taxpayer with a notification telling them that the amended
return could not be processed because of missing forms.
Taxpayers are asked to send the amended return back
with all the correct attachments. The most often missing
form is the IT-2, followed by missing credit forms where
the taxpayer is claiming the credit but not attaching
the credit form. Perhaps taxpayers think that if the
form was unchanged from the original filing, there is
no need to resend, which is not the case.
The New York State Department
of Taxation notification
rate is very high, currently at 85%, most of these were
completed by paid preparers. They will be issuing an
electronic subscription notice, but they wanted us to
send out a reminder to ProSeries users that the entire
return must be printed and mailed to the New York State
Department of Taxation for processing. Learn
more
Texas Corporation
- Texas
Corporation Updates
We anticipate that the ProSeries Texas Corporation updates will be available online on or about April 24, 2008. When the ProSeries Texas Calendar Year Corporation update is available you can download this update from within your 2007 ProSeries software. When the ProSeries Texas Fiscal Year Corporation update is available you can download this update from our Fiscal Year State Release Dates page. The 2006 ProSeries Federal Corporation software must be installed for this update.
View
a complete list of State
Tax and State Electronic Filing topics or visit the EF
Atlas.
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| Communities |
Have
you visited our communities? Our communities are a great way
for you to connect with other accounting and tax professionals.
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. Visit TaxAlmanac today, to read our
featured
article. If you're new to TaxAlmanac, use the Quick
Start Guide to learn more.
Intuit's Online Community is a place where you can communicate with
other accounting and tax professionals. Use the ProSeries
Forums to communicate with other tax professionals
who use ProSeries products. You can share tips, exchange ideas,
ask and answer questions, offer advice, or just read what
others have said. Anyone can view the forums, but you have
to be a member to post. |
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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.
©
2008 Intuit Inc. All rights reserved. Intuit, the Intuit
logo and ProSeries, among others, are registered trademarks
of Intuit Inc. in the United States and other countries.
Other parties' trademarks and service marks are the property
of their respective owners and should be treated as such.
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