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ProSeries
News - TY08, Vol. 14
March 18, 2009 |
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Newsletter
Categories
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Useful
Online Links
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What's New Online?
We've added video demonstrations to some of our popular Knowledge
Base (KB) articles.
When a KB article includes a video, click the video link to
view a short video demonstration.
Below are links to a few KB articles that include video demonstrations.
We hope you find these KB articles and videos helpful.
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| Online Communities and Support |
ProSeries
and ProSeries Basic Edition
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TIP: Increasing Your PPR Account Balance Online
You can easily increase your Pay-Per-Return (PPR)
account balance online 24/7. In your ProSeries software,
go to the Tools menu and select Pay Per Return.
Click the Increase account balance button, choose
Online and follow the on-screen instructions.
View KB Article
To
view more Support Options visit Online
Support.
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| General
Information |
Internal
Revenue Service (IRS) Information
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IRS Releases 2008 Data Book
On March 13, 2009, the IRS issued News Release IR-2009-22,
announcing the release of the 2008 IRS Data Book, which
is an annual snapshot of IRS activities for a given fiscal
year. The report describes activities conducted by the
IRS from Oct. 1, 2007, to Sept. 30, 2008, and includes
information about returns filed, tax collections, enforcement
and taxpayer assistance, as well as the IRS budget and
workforce. For more information, please visit the IRS
Web site.
To
view more General topics visit Online
Support.
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| Federal
Taxes |
ProSeries/1040 and ProSeries Basic/1040
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Schedule SE May Not Be Included with Return When Schedule
F is Reporting Qualified Conservation Reserve Payments
Farmers receiving social security retirement or disability benefits are not subject to self-employment tax on the amount of Conservation Reserve Program payments included on Schedule F, line 6b. If the net farm profit on Schedule SE, Self-Employment
Tax, line 1a minus the Conservation Reserve Program (CRP)
payments on line 1b results in net earnings from self-employment
being less than $400 the ProSeries program is not generating
a Schedule SE with the return. If a return is affected
by this situation, it should not be filed electronically.
View KB Article
To
view more Federal Tax topics visit Online Support.
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| Federal Electronic Filing and Bank Products Software |
ProSeries and ProSeries Basic Edition
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Scheduled Routine Maintenance on E-Filing System
Throughout the tax planning and preparation season, we
want to keep you informed, in advance, when we are scheduling
routine configuration and maintenance on our e-filing
system. We will be doing routine maintenance during night-time
hours on March 18, beginning at 11:59pm PST. The
maintenance should take approximately two hours.
ProSeries/1120 and 1120S
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Deadlines for Retransmitting Rejected Corporation Returns
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
To
view more Federal E-File and Bank Products Software topics
visit Online
Support or EF
Atlas.
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| State Taxes and State Electronic Filing |
Montana
Individual
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Montana Form 2EC May Calculate Incorrectly When Capital Gains/Losses on Federal Return
Net capital gains and losses are transferred from the federal return (Schedules C, D and E) to the Montana return (Form 2EC, Elderly Homeowner/Renter Credit and several other forms) and the losses are not added back on the Montana return. Montana tax law only allows the gains when applying the household income threshold for this credit.
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.
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