News & Updates

View this site to find articles on sign-in, security, subscriptions, billing & more...Check it out here.  

Find sections that cover basic how-to's, as well as the most commonly asked questions around reporting a Schedule C in Lacerte. Check it out here.  

In some cases, Form 7206 is not generating and the SE Health Insurance Deduction is getting inexplicably limited on Sch 1 Line 17. Workaround: 1. Go to Screen 24, Adjustments to Income2. Navigate into batch mode by pressing Ctrl+W3. Delete codes 17 and 67.  You may only see one of them. This is caused by the SE Health Insurance overrides from 2022 being brought forward during proforma. These inputs no longer exist Lacerte 2023 and forward.

View the troubleshooting page that covers resources for the most commonly asked questions regarding printing and PDFs.Check it out here!    

View the tax topics page that covers the most commonly asked questions around generating and reporting a Schedule K-1. Check it out here!    

UPDATE: This unexpected behavior has been addressed in a program update available August 9, 2024 (Version 44.0809). This will be reflected as 2023 Operator Programs Version 44.0809 in Lacerte. (click to view instructions - How to check which version of Lacerte is installed) Some users have reported Lacerte locking up when attempting to view the Forms after installing the latest program update Operator Program Version 44.0807, available August 7, 2024. Our development team is working to resolve this issue as quickly as possible. In the meantime the following workarounds have resolved this issue; Workaround(s):Option 1: From the Settings dropdown menu, select Options Within the Setup tab switch "Show Input Warnings in the Detail Tab" to No. Option 2: While in Lacerte, select F10 (Help > Troubleshoot) In the System Information tab, locate the "Lacerte workstation number" Close Lacerte Using File Explorer go to the 23Tax > Options folder Within the Options folder, locate the file

Early in the 2023 Tax Season IA instructed taxpayers to add back their QBI deduction when determining the IA Health Insurance Premiums Deduction.  Later in the season, IA determined QBI should not be included. Lacerte was updated to reflect this change.However, as the deadline quickly approached Iowa again notified taxpayers this was to be switched back to the original treatment. Lacerte was once again updated to reflect these changes.What does this mean for returns already processed?It is recommended returns with the Iowa Health Insurance Premiums Deduction be reviewed to determine whether or not this change in calculation impacts the total deduction reported. Returns showing a change in the calculation when QBI is once again included should be adjusted to reflect the correct calculation and filed as an amended return.

Minnesota legislation signed into law on April 8, 2024, retroactively changed the effective date to reduce the Net Operating Loss (NOL) deduction limitation. The Corporate NOL deduction limitations are:For tax years beginning after December 13, 2017, and before January 1, 2024, the NOL deduction is limited to 80% of the taxable net income.For tax years beginning after December 13, 2023, the NOL deduction is limited to 70% of taxable net income. Minnesota guidance suggests using the updated 2023 NOL, Net Operating Loss Deduction schedule when preparing your return.  If you have already filed your 2023 return, you may need to file an amendment return to claim the additional NOL deduction.Lacerte will be updated to reflect the 80% deduction limitation in a future release. This release date is TBD and will most likely be done after the April 15th deadline.This posting will be updated when a release date has been determined.

When reporting details in Screen 1, Client Information, the Spouse Authentication section does not retain the details entered. In some cases it will display after leaving the file and returning.Because these details are required in some electronic filing situations (state specific), we are working to address this behavior as quickly as possible, and will release in a program update. This notice will be updated once the release is available for download.  

Resolved, please download the latest update.  After the March 28th Lacerte update, E-signature for Individual returns is incorrectly generating Form 8879-TE as it applies to Fiduciary returns filing Form 5227.  If Form 8879-TE is generating for individual returns, you can uncheck the form on the E-signature Forms screen before creating the e-signature request.

Fiduciary and Exempt e-filings have been temporarily blocked due to recently released IRS schema updates. Any returns previously filed and rejected are being held at this time. We are in the process of implementing the latest schema changes. Once these have been implemented in a program update, these held rejections will be released in order to re-transmit on the most current schema version.Note: Returns that were not held and received a rejected status will show Reject Error: R0000-004-01. These can be re-transmitted once the program release is available.---------This unexpected behavior has been addressed in a program update available March 18, 2024 (Version 44.0318)Note: If this behavior caused an e-file rejection, you will need to update the program and review your return prior to re-transmission.

Form 1099-MISC Available End of January for Rebate Recipients The IRS has determined the Arizona Families Tax Rebate recently sent to eligible taxpayers is subject to federal income tax and is required to be reported as part of the federal adjusted gross income. However, the rebate is not subject to Arizona income tax and should be subtracted from the federal adjusted gross income on the 2023 Arizona individual income tax return. Affected taxpayers will be sent a statement by mail that they are to check the online portal to access their 1099-MISC which documents the rebate amount they received. ADOR is required by federal law to issue this form to taxpayers as an informational statement since the income must be reported on the income tax return. Taxpayers can also check their bank statement to confirm the amount received from ADOR for the Arizona Families Tax Rebate. The statement is not a bill, and individuals should not send any type of payment in response. Effective January 31, ADOR

The following email has been brought to our attention by customers. It indicates that Intuit has identified e-filed returns belonging to your firm, which were submitted for e-file without your prior authorization.This email is a fraudulent attempt to obtain sensitive information and was not sent by Intuit. Please disregard. Additional Intuit Security Resources:Privacy and Security: https://www.intuit.com/privacy/ Security Notices: https://security.intuit.com/security-notices/  

It has come to the New Jersey Division's attention that there is a mistake on the originally released version of Form CBT-100S. The reference for Schedule K, Part III, Line 7 should be Page 1, Line 2a minus Line 3 (Instead of Page 1, Line 4 as recorded on the originally released version of the form). Preparers should review their returns to ensure that they've properly reported the Corporation Business Tax on Schedule K, Part III, Line 7. I If an incorrect amount was reported, an amended return is required. New Jersey Division of Taxation: https://www.nj.gov/treasury/taxation/cbt/23schedulek.shtml  

Starting on February 22, Tax Advisors using Lacerte can begin planning in Intuit Tax Advisor with their client’s 2023 tax return as the baseline allowing projections for tax year 2024. Both Federal and State functionality will be enabled on this release.    

Updated 3/1/2024: It’s farmer’s day. Here are reminders of what to check and how to change the payment date if you need to: To make sure the March 1st due date is showing on the returns in Lacerte:    To update the letter: Go to the Invoice, Letter, and Filing Instructions Screen 5.1: Scroll down to the Client Letter section. Enter the date in the Due date of return [O] in MM/DD/YY format.   To update the payment date: Go to Screen 3 Miscellaneous Info./Direct Deposit. From the Sections select Direct Deposit of Refund/Electronic Payment. Check the box Electronic payment of balance due. Enter the payment date in Electronic payment date [O]    For tax year 2023, Form 3800 is undergoing a major IRS rewrite that expands the form to 8 pages. For 1040 returns, the needed calculations for Form 3800 have been released. Calculations for Elective Payments and Transfers are still pending product changes.

This unexpected behavior was originally identified in the Individual Tax Module, in late November and quickly addressed in a program update available November 29, 2023 (Version 43.1129).Later it was discovered that this same behavior was experienced in the Corporate module, and was then addressed in a program update for both Corporate and S Corporate Tax Modules available January 17, 2024 (Version 44.0117).This behavior was specific to any depreciation asset that contained prior SDA for federal and -1 for state in 2022 (sample below).2022 Lacerte ClientWhen transferring the client to 2023 using the Proforma feature, the Prior special depreciation allowance for the Federal (10,000 in the image above) is transferred to 2023. However, the -1 for state is not transferred.Next Step - Client Files Transferred Prior to Program Updates:You may want to either;Re-proforma any clients impacted by this behavior from 2022 to 2023.This action will overwrite any changes already made to the 2023 file.

The Partnership & S Corporate New Jersey Pass-Through Business Alternative Income Tax Calculation allows you to credit your PTE overpayment to the next tax year.New! Beginning in Lacerte 2022, these amounts will proforma to the next tax year eliminating the need to manually track and enter.Partnership:Amounts will transfer to Screen 42.081, Estimated Tax, in the field Overpayment applied from 20XX (code 20)S Corporate:Amounts will transfer to Screen 10, Estimates, within the section for 20XX New Jersey Pass-Through Entity Estimates (PTE-150), in the field for Overpayment applied from 20XX (code 831)Release:Lacerte 2022 - Version 44.0129 - January 30, 2024 

Latest Update: Release Version 44.0211Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes)New for Tax Year 2022, Lacerte notification inbox. See this article for more information. Individual  S-CorporationNew Jersey Form CBT-100S, Schedule SJC Part I Signing Officer Name Only Displays Title (second item) Partnership Corporate  FiduciaryExempt Global  Benefit Please subscribe to this post for release updates by clicking on the gear icon, on the upper right hand of your screen.This page can be accessed from within Lacerte;From the Tools dropdown menu, select Lacerte Updates.Click on the link, Click here to view detailed information on all available Lacerte updates. Related Help Articles: How can I check which version of Lacerte I have installed?  Note: Windows Operator Updates will prompt a system reboot

As a result of enhanced program login security and upgrades in the previous Lacerte programs between 2016 and 2021, there have been changes to the Operating System requirements.In order to maintain access and make necessary updates to these programs from previous years, it is essential that they are installed on currently supported Windows Operating Systems (OS).Outdated Windows OS:Windows 7Windows 8Windows Server 12 Click to view the most current Lacerte System Requirements  

Latest Update: Release Version 44.0206Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes) IndividualFederal E-file Reject Error F1040-034-07 Withholding Not Matching Reporting FormsS-Corporation  Partnership CorporateGlobal Fiduciary Exempt  OperatorsTax Planner Please subscribe to this post for release updates by clicking on the gear icon, on the upper right hand of your screen. This page can be accessed from within Lacerte by selecting Tools > Lacerte Updates.  Click on the link, Click here to view detailed information on all available Lacerte updates. Related Help Articles:  How can I check which version of Lacerte I have installed?    

When the Federal Individual return has been e-file and "Accepted" the Form 8879 is not printing the Submission Identification Number (SID) on the form as expected.This unexpected behavior has been brought to the attention of our development team. We are currently working on resolving this issue and incorporating it into a future update release.  Workaround:The Form 8879 is not sent to the IRS. Instead, the electronic return originator must obtain and retain a completed for 8879 for their records.  The SID can be written on this page for future reference.Locating the SID in Lacerte:Within the Clients tab, highlight the client fileClick your F4 keySelect the e-file Status tabThe Submission ID is displayed in the lower portion of this window.  

Lacerte offers two very helpful in-product self-help features to help you find answers within your workflow to save you time and prevent you from having to stop to contact support.Jump-to-Input:The first feature you may already be familiar with is the Jump-to-Input (JTI) feature. This feature allows you to right-click on a line item while viewing a Form or Schedule to determine where the input field is located to populate the line. (sample of wages, 1040 line 1a)While this feature is helpful, there are lines that aren’t so straight forward that we often run across where an amount isn’t flowing like we would expect it to. Often, these are due to calculations or limitations that aren’t as noticeable when reviewing the return. Because these lines aren’t a simple input/output line, the JTI feature won’t be available. Form Help:These are the fields where Form Help comes into play. Form Help provides additional in-product information to help you determine how a line is calculated.To tur

Updated: 1/23/24In prior years, it was necessary to review two different locations, one for print and one for e-file. Often leading to confusion and uncertainty. This year we worked to present both the print and e-file release dates simultaneously in one convenient location. Unfortunately, we've seen inconsistencies with the dates provided and will work to improve this experience for next tax year. In the meantime, your single source of truth will be available in two locations depending on which experience is needed. Print and E-file return readiness will differ, making it important to check both locations when determining whether or not a return is ready to be filed.For Print Form Status, continue to view "Watermark Status" in  Lacerte Tax Form AvailabilityFor E-file Form Status, see 2023 Lacerte e-file agency approval and start dates  Note: link to these details is available in Tax Form Availability tool in the upper right hand corner.Than

IRS Business e-file opens January 16, including prior year business returns.Important Notes:To successfully e-file returns, make sure your software is up to date by going to the Tools menu and choosing Lacerte Updates.Some Federal and State forms may not be final.Check lfs.intuit.com for the most up to date form release dates.Check 2023 Lacerte E-file Agency Approval and Start Dates for Federal and State e-file availability.This includes Lacerte 2021, 2022, and 2023. All previously filed and held returns will be sent to the taxing authority and related acknowledgements can be updated.If you need help, you can call us directly or  take advantage of our self-help options with the Intuit Accountants Community.----------------------Important Updates!Available Friday, January 26, 2024 (6AM Pacific):2023 Partnership 1065 e-file is live. 2023 S Corporation 1120S e-file is live.Form 990-T  Exempt Organization Business Income Tax Return (2021, 2022 & 2023) - March 17, 20