March 16 - Important S Corporation and Corporation Filing Deadline

Reminder, the filing deadline for 2008 calendar year corporation tax returns (Forms 1120, 1120A, and 1120S), or to request an automatic 6-month extension of time to file (Form 7004) is March 16, 2009.

Generally, corporations must file by the 15th day of the 3rd month after the end of its tax year. If the due date falls on a Saturday, Sunday, or legal holiday, the corporation can file on the next business day.

• Online Support Knowledge Base
  Have you tried the Online Support Knowledge Base yet? The next time you have a question search the Knowledge Base for the answer.
  
  With the corporation filing deadline fast approaching you may want to know how to batch print extension forms for your clients. To find the answer, go to Online Support on our Web site. In the Search the Knowledge Base field, type batch printing and click the Search button. On the search results page, click How do I batch print federal and state extension forms? to view the instructions in the KB article.

To view more Support Options visit Online Support.

• TIP: User Guides for ProSeries Business Tax Software
  User guides for ProSeries business tax software can be found in the Help Center. Open a federal business tax return, from the Help menu, select Help Center. In the side bar, under Tax Return Help, click How To Use ProSeries... to open the user guide for that return type.

• Daylight Saving Time (DST)
  Reminder, Daylight Saving Time (DST) in much of the United States and Canada begins on the second Sunday of March and ends on the first Sunday of November. Some ProSeries functions and services may use your computer system clock. If your computer system clock is not correct, time dependent events and information may be reported incorrectly.

To view more General topics visit Online Support.

• IRS Releases Information to Help Employers Claim COBRA Medical Coverage Credit on Payroll Tax Form
  On February 26, 2009, the IRS issued News Release IR-2009-15, announcing new detailed information that will help employers claim credit for the COBRA medical premiums they pay for their former employees. For more information, please visit the IRS Web site.

To view more Federal Tax topics visit Online Support.

• Deadlines for Retransmitting Rejected Corporation Returns
  The deadline for 2008 calendar year corporation tax returns (Forms 1120, 1120A, and 1120S), or to request an automatic 6-month extension of time to file (Form 7004) is March 16, 2009. Federal corporation electronically filed returns that are timely filed and rejected can be corrected and retransmitted by the later of the due date of the return or 20 calendar days from the date the rejection was issued by the IRS. View KB Article

Santa Barbara Bank and Trust (SBBT) Users

• SBBT Customer Support Hours Have Changed
  SBBT live customer support hours have change slightly for the remainder of the tax season. The new hours are: Monday - Friday, 7:00 a.m. to 5:00 p.m. (PST) and Saturday, 7:00 a.m. to 12:00 noon (PST). View SBBT Notices

To view more Federal E-File and Bank Products Software topics visit Online Support or EF Atlas.

• Adding State Products
  The fastest and easiest way to add state products as soon as they are available is to download them from within the ProSeries program. Within the ProSeries program, you can use either the Update menu or Add State button. View KB Article

To view more State Tax and State E-File topics visit Online Support or EF Atlas. Links to State Departments of Revenue.