Additional Notes

Good News: Beginning with 2020, US Treasury has reduced EFile Acceptance of the FBARs from 3 to 7 days to merely 2 to 3 days.  Thanks US Treasury!

The other good and very helpful news is even Pro Series has now started considering FBAR as a separate submission and does not create “duplicate SSN” issue for the client whose Tax Returns (TRs) are subsequently efiled after the EFile of FBAR or the vice versa.

I HOPE, Pro Series also ASAP SIMILARLY fixes the issue of “Duplicate SSN Error” for EFile of final Tax Returns subsequent to Efile of Extns of the same Tax Payer. (Note: For the sake of proper trail, many TRs preparers keep Extn as a separate item in the Pro Series data base and create a new file for final TRs for the same client rather than overwriting final TRs on the same Extn file.)

Raj 1

May 20, 2021