ProSeries Newsletter
October 2009 • TY08, Vol. 20

Newsletter Categories
• Training
• Online Communities & Support
• Federal E-File
• Federal Taxes
• State E-File & State Taxes
• General Information
Helpful Online Links
• ProSeries Online Support
• ProSeries Community
• E-File Atlas & Information
• Newsletter Archive
• TaxAlmanac

Training

Are you getting the most out of ProSeries?

In just minutes, learn from your peers how to save even more time in ProSeries this tax season. Watch these new Feature Training Videos and see how much time you could save.

Best yet, these are FREE features that are already included in your ProSeries Professional tax software. (Shortcuts is the only feature available in ProSeries Basic.)

Topics include:
  • QuickEntry Sheets
  • Missing Client Data
  • Shortcuts and more

See all Feature Training Videos

Online Communities and Support

October 15 - Deadline to File 2008 Individual Tax Returns on Extension

The October 15 tax filing deadline is fast approaching and we know this is a busy time for you. That's why ProSeries offers a variety of online support options available 24/7.

Visit the Online Community to interact with other ProSeries users. Check out EF Atlas to find the latest e-file alerts and delayed acknowledgment information. Go to ProSeries Online Support to search the Knowledge Base or browse Hot Topics.

Click the links below to find answers to common questions ProSeries users ask this time of year:

Visit ProSeries Online Support today!

Federal E-File

October 15 - E-Filing Deadline for Individual Returns on Extension

Federal individual tax returns on extension must be transmitted to the Intuit Electronic Filing Center by midnight on October 15, 2009, in the EROs time zone. Only federal and state individual returns that are filed on or before October 15, 2009, and rejected may be retransmitted until 6:00 a.m. (PT) on October 20, 2009. View KB Article


October 27-30 - Intuit Electronic Filing Center Off-Line

The Intuit Electronic Filing Center will be off-line from October 27–30 (9:00 p.m. PT) to prepare the system for tax year 2009.

Retrieving Acknowledgments for 1040 Returns: October 26, 2009 (11:59 a.m. PT) is the last day for electronic filers to retrieve federal and state acknowledgments from the Intuit Electronic Filing Center for individual returns for tax year 2008. After this date acknowledgment status will no longer be available for these returns.

Retrieving Acknowledgments for 1120, 1120S, 1065 and 990 Returns: From October 27–30 (9:00 p.m. PT) you will not be able to transmit electronic returns or receive acknowledgments. Although no filing deadlines occur during this downtime, returns that were timely filed, but rejected by the IRS may be impacted. If your IRS deadline for resubmitting rejected returns occurs prior to October 27, 2009, please make necessary arrangements to correct and resubmit the rejected return no later than October 25, 2009, to allow for acknowledgment of the retransmission. Acknowledgments will once again be available after October 30, 2009, for business returns for tax years 2007 and 2008. Acknowledgments for business returns for tax year 2006 will no longer be available after October 26, 2009. View KB Article


IRS QuickAlert: EMS Annual Columbus Day Power Outage at Martinsburg (and Memphis)

On October 1, 2009, the IRS sent out the following QuickAlert: "The Electronic Management System located at Martinsburg, West Virginia will not be available from Sunday, October 11, 2009, at 9:00 p.m. Eastern Time through Tuesday, October 13, 2009, at 5:00 a.m. Eastern Time. This will affect individual, business, and state returns processed on the EMS located in Martinsburg, West Virginia. Due to the Columbus Day holiday, drains will not occur on Monday for either site (Martinsburg or Memphis). Normal processing will resume Tuesday morning at 5:00 a.m..." View KB Article


Enrolling and Registering with SBBT for Tax Year 2009

New for tax year 2009, Santa Barbara Bank & Trust (SBBT) enrollment and registration will both be done in the 2009 ProSeries and ProSeries Basic Edition software. You no longer need to enroll online from within My ProSeries. View KB Article

Federal Taxes

Taxpayers Have Until Oct. 15 to File Extended 2008 Tax Returns; Offshore Voluntary Disclosures Also Due

On October 1, 2009, the IRS issued News Release IR-2009-87, announcing that the Oct. 15 deadline is fast approaching for millions of taxpayers who requested a six-month extension to file their 2008 tax returns.

It’s also the deadline for special voluntary disclosures by taxpayers with assets in previously undisclosed offshore financial accounts.

In most cases, Oct. 15, 2009, is the last day taxpayers may timely file their 2008 federal tax returns. The IRS expects to receive as many as 10 million tax returns from taxpayers who used Form 4868 to request a six-month extension to file their returns. Some taxpayers, for example, may have requested a filing extension to claim the first-time homebuyer credit for a home purchase that closed after the April 15 deadline. For more information, please visit the IRS Web site.

State E-File & State Taxes

Georgia Severe Storms and Flooding Victims May Qualify for IRS Disaster Relief

Following severe storms and flooding on September 18 the President declared Carroll, Chattooga, Cherokee, Cobb, Douglas, Paulding and Stephens counties federal disaster areas qualifying for individual assistance.

As a result, the IRS is postponing until December 17 certain deadlines for taxpayers who reside or have a business in the disaster area. View KB Article

General Information

System Requirements for Tax Year 2009

The system requirements for ProSeries 2009 have been posted on our Web site. For optimum efficiency, we strongly suggest using the "Recommended" system requirements. It is important to note that a high-speed Internet connection is required for downloading products and updates. There will only be one CD release. View KB Article

 

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