CRITICAL ALERTS!

Taxpayer Name Not Printing on Checks
The taxpayer and spouse names may not print on bank product checks when using an older version of ProSeries/1040 or ProSeries Basic/1040. If you have not already done so, please download and install the 1040 update that became available online on January 10, 2008. Learn more

Error Message: "Fatal Error Loading Data File Error 524..."
When attempting to open a tax return you may receive the error message: "Fatal Error Loading Data File Error 524..." This error may occur when you imported data from financial software such as Quicken or QuickBooks to Form 8829, Expenses for Business Use of Your Home, lines 17a and 17b. Learn more

EF Status May Not Always Update
In some instances, after converting and transmitting a return the EF status still displays "Return Marked for EF" instead of "Return Transmitted for EF." This situation can usually be corrected by opening and saving the return.

Fixed Asset Manager Importing Issues
Fixed Asset Manager v2007.01 is expected to be available online on or about January 18, 2008. When this update becomes available, you can download it from My ProSeries. This update will correct two importing issues. To learn more please visit our Error Message: "FAM has encountered a problem and needs to close..." and FAM May Crash When Importing an Asset Without a Depreciation Method web pages.

Georgia Income and Retirement Worksheet, Line 3R Does Not Calculate Correctly for Part-Year Residents
On the Georgia Income and Retirement Worksheet, line 3R does not calculate correctly for part-year residents who have wages, salaries and tips totaling over $4,000. As a result, the ratio calculated on line 12R is also incorrect. Learn more

Nebraska Schedule II, Line 7 Doubles the Amount from Line 6
On Nebraska S Corporation Schedule II, Adjustment to Ordinary Income, line 7 doubles the other income amount from line 6. Learn more

• Take the ProSeries Feedback Survey
  Your opinions and time are very valuable and we appreciate your input. By taking the ProSeries Feedback Survey, you'll be able to add your own comments and see what other accountants are saying. You'll also be able to vote for the issues that are most important to you.
  
  Your feedback strongly influences our product improvement decisions every year. Thank you for taking the time to participate.

• Revised Online Release Date for Tax Year 2007
  The next anticipated online release date for tax year 2007 ProSeries/1120, 1120S, 1065, and 1041 will be January 25, 2008. In an effort to provide you with only robust updates, the release previously scheduled for January 19, 2008, has been canceled due to lack of new forms being released by the IRS. The January 25, 2008, release will enable us to capture and deliver the most recent final forms from the IRS.
  
  Our goal is to provide you with key updates that benefit your business. Thank you for your patience and understanding in this matter.
  
  Future anticipated release dates and actual release dates for ProSeries federal and state products can be found on our Release Dates page.

• IRS QuickAlert: Individual Filers - Form 9325
  On January 11, 2008, the IRS sent out a QuickAlert regarding Form 9325, Acknowledgement and General Information for Taxpayers Who File Returns Electronically. Learn more

• Anticipated Online Release Date for Tax Year 2007
  The anticipated online release date for tax year 2007 ProSeries New York Partnership and New York City Partnership products has been extended due to late forms delivery from the state. The new anticipated online release date for both products is now January 25, 2008.
  
  We apologize for any inconvenience this may cause and assure you we are working diligently to deliver these products to you.
  
  Future anticipated release dates and actual release dates for ProSeries federal and state products can be found on our Release Dates page.

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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