News & Updates

As the deadline quickly approaches we have put together some resources for the most commonly asked questions to help get you through.  For important information to see when the returns are due see Deadline and Perfection Periods   Most common answers: Having trouble balancing Schedule L, see Partnerships balancing the balance sheet  S-Corp balancing the balance sheet   Below the minimum filing requirements for Schedule L, see How to suspend the balance sheet Questions on Qualified Business Income, see Generating the required QBI statements Check for known delays with e-file here: Delayed acknowledgements 1120S distributions being limited to zero, see Distribution in excess of retained earnings. Entering shareholder basis, see Shareholder basis input and calculation in the S Corporation module Making 743/754 elections in a partnership, see Making Section 743(b)/734(b)/754 basis adjustment election for Form 1065 For information on Foreig

For Calendar Year Plans Form 5500 is due on July 31st 2023. The following articles can help you prepare and file Form 5500.  Common questions about e-filing the 5500 Benefit Plan  Generating Form 5500 extensions in Lacerte  Common questions about Benefit Plan Form 5500-SF in Lacerte  Common questions about benefit plan e-filing prior-year returns  Common questions about benefit plan Schedule C, Service Provider Information in Lacerte  Common questions about benefit plan financial information (Sch. H/Sch. I) in Lacerte  Common questions about Benefit Plan Form 5500 amended returns in Lacerte  Obtaining signatures for Form 5500 uses an electronic process through the Department of labor. For more information see:  How to sign form 5500 through EFAST2?  Cancel a signature request for 5500   

May 24, 2023 Minnesota Department of Revenue signed tax code changes into law that retroactively impact the following tax forms: 2020 Schedule M1NR, Nonresidents/Part-Year Residents (Release July 6) 2021 Schedule M1M, Income Additions and Subtractions (Release June 29) 2021 Schedule M1NR, Nonresidents/Part-Year Residents (Release June 29) 2022 Schedule M1NR, Nonresidents/Part-Year Residents (Release June 28) Lacerte 2022 Updates Include: Schedule M1NR Form Instructions Line 14, Column A calculation (MN source amount while nonresident) Line 14, Column B - Line 16 amount of Schedule M1NC negative amounts allowed Proforma & Tax Planner reviewed to include any applicable changes Conformity checkbox available in Screen 51.221, Minnesota Modifications Diagnostic messaging, references conformity checkbox Lacerte 2021 Updates Include: Schedule M1M Schedule M1M Form Instructions Line 29 added and included on Line 32 (when conformity box checked) Proforma & Tax Planner reviewed

Individual Mississippi Form 1040 corrections will be included in a Lacerte program update release June 28, 2023 (Version 43.0628).This change impacts the following return types:Nonresidents filing on form 80-205 with a deduction for Self-Employment taxes (80-205/page 2/line 62)Lacerte was incorrectly computing the amount of self-employment deduction for Mississippi purposes, which could result in a lower deduction than allowed.To Engage the Updated Calculations:Go to Screen 51.301, Mississippi ModificationsLocate the Adjustments to Gross Income sectionCheck the box for Recalculate MS self-employment deductionThis checkbox will allow you to;Update the calculation for newly filed returnsReview calculation differences on previously filed returns to determine whether or not an amendment is neededMaintain the original calculations on any previously filed returnsThe following diagnostic will also generate when the MS amount on line 62 is incorrect. This diagnostic will take you to the checkb

As the deadline quickly approaches we have put together some resources for the most commonly asked questions to help get you through.  For important information to see when the returns are due see Business Return Deadline and Perfection Periods  If you need more time to file see File extensions in Lacerte  Most common answers for 990 filers: Filing requirements for Form 990-EZ and 990-N  Common questions about Exempt Organizations in Lacerte  Entering capital gain dispositions on Form 990, 990-PF, and 990-T in Lacerte  Common questions about Form 990 Officers Directors Trustee Compensation  Common questions about Form 990 and 990-T depreciation  Common questions about Form 990 990EZ or 990PF Schedule B Contributions Gifts and Grants  Most common answers for Texas Franchise filers: Understanding Texas Franchise Tax forms  Common questions about Texas Form 05-102 in Lacerte  Filing a Texas extension request in Lacerte&nb

Mississippi legislature has recently implemented changes to Electing Pass Through Entity credits effective for Tax Year 2022. Due to these changes, edits will be made to some forms as well as e-file schemas for Individual, Business, and Fiduciary filings.Due to the timing, these changes will not be implemented in Lacerte until after the April 18th filing due date. Anyone wanting to take advantage of these changes will need to file an extension, or review any previously filed returns for amendment.  DOR Resources:Mississippi Department of Revenue - Updated Guidance on Pass-Through Entity Election (April 5, 2023)

Below are the top articles and resources for the week leading to the April deadline for tax year 2022. For tips on using community search effectively to find help articles, click here. Help with Electronic Filing including extension and deadline information How to file extensions Electronic filing deadlines and perfection periods  State extension and due date information for individual returns  Attaching PDF documents to an individual return  Determining the Name Control for Form 1041  How to check for delayed e-file acknowledgements Electronic payment of federal estimates for an individual return  Disaster area tax relief available: Some areas in California, Alabama, Arkansas, Georgia, Mississippi and New York may qualify for a disaster related tax extension. See here for more details.   Schedule K-1 / K-2 / K-3  Entering a partnership Schedule K-1, line 20 in the Individual module How to export Schedule K-1's between tax returns How to

To help with the approaching Wednesday, March 15, 2023 deadline, below, you'll find important electronic filing deadline information, including guidelines on the IRS perfection periods available for resubmitting returns that are rejected.  This is very important to make sure the return submitted before the deadline remains timely if you receive an e-file reject. Partnership and S Corporate Electronic Filing Deadline Information, including the "Perfection Period" for Rejected Returns: Would you like to review information on Partnership and S Corporate return deadlines, and the "perfection period" available to correct and resubmit timely filed returns that are rejected? Electronic filing deadlines and perfection periods for business returns and extensions. Disaster area tax extensions  Information on Filing Extensions: Need information on filing Partnership or S Corporate extensions?  Filing an extension may ease the burden of the approaching deadline and provide additio

Step 1: Download and install the Lacerte Tool HubStep 2: Use the tools on the Lacerte Tool Hub Step 3: Help improve our tools by providing feedback through the survey links in the Lacerte Tools HubClick here for details: How to fix common problems and errors with the Lacerte Tool Hub __________________________________________________________________________Don't forget to sign in to community to participate in community and content feedback. 

As of January 23rd 2023 e-filing is now open for the tax year 2022 e-file season!  The following are common topics for this time of year:  Making sure you're ready to e-file If you plan on offering Pay-by-Refund options for the year see How to enroll in Pay-by-Refund for tax year 2022 For PTIN enrollment and renewal information see PTIN requirements for tax preparers If you have a new EFIN or have moved or changed your business name see Register your EFIN with Intuit If you would like to enroll in Protection Plus for the year see Tax Protection Plus and ID Theft Restoration.  Collecting Data from your taxpayers For information on using Intuit Link, including inviting new clients, see General questions about Intuit Link If your firm uses Organizers or e-organizers to collect data see How to access the organizer or e-organizer in Lacerte  How to tell what tax forms are ready: As you know, there are two different filing types; paper and e-file. Therefore, ther

Below you'll find info about what's new for tax year 2022 returns. Common questions about California Middle Class Tax Refunds and other state stimulus payments Info about Form 1099-K and reporting amounts for forms received in error Generating Schedules K-2 and K-3, plus the new domestic filing exception Many 2021 credit changes have expired, like the EIC age expansion and the expanded child tax credit For more info on these and other changes for the year, check the What's New page of the 1040 instructions.   

Lacerte 2024 is now available! Download from My Account if you've renewed. Check out our new getting started page here. Important Dates: For the most up to date information on Lacerte Releases, see Lacerte Release Dates For on Lacerte forms availability, see Tax Form Availability To see what's been added for Lacerte 2024, see: What's new in Lacerte Tax 2024 For information on how to install Lacerte, see: How to download and install Lacerte If you are using Intuit Hosting see How to add next year's Lacerte to your Remote Desktop To proforma your clients from Lacerte 2023 to Lacerte 2024, see: Using the Proforma Wizard to transfer client files to the current year Why did some client data not proforma Resolving proforma errors in Lacerte If you changed computers, see: How to install Lacerte on a new computer Lacerte system requirements For billing schedules and to update your information, see: Managing your information with My Account Lacerte REP billing schedule Getting

Please review these helpful FAQs in regard to the TY21 Pay By Refund Incentive Payouts. Q. How will I receive my Pay By Refund (PBR) Incentive? A. The PBR Incentive payout is direct deposited into the bank account that was used during tax season to collect your tax preparation fees. Q. When will I see the incentive posted to my bank account? A. Incentive payouts are paid out by the end of May so the funds should be available in your bank account the last week of May or the first week of June.   Q. What will the description look like on my bank statement/transactions? A. You will see the participating bank (ie. TPG, Refund Advantage, etc) in which you were enrolled as the payer of the direct deposit. It will not show Intuit, or ProSeries or Lacerte. Q. Why is the amount less than what I am expecting from the volume of returns i submitted via Pay By Refund? A. Intuit pays incentive on returns funded through 4/18/2022.&

Microsoft has announced that Internet Explorer 11 will end support for certain operating systems starting May 17, 2022 (previously set for June 15, 2022).https://blogs.windows.com/windowsexperience/2021/05/19/the-future-of-internet-explorer-on-windows-10-is-in-microsoft-edge/Important Note: See FAQ 10 regarding Normal and Compatibility mode during login belowQ1. Why is this important?A1. This is important for Lacerte because the login page is dependent on IE 11, which means we will be updating our programs to eliminate this dependency.  Q2. What is Lacerte doing to address this?A2. Lacerte will be providing program updates to ensure our products are not dependent on IE11 before the date of deprecation. Once the program is updated, it will no longer utilize IE11 and you will be able to login to your products uninterrupted. Q3. What does this mean for me?A3. It is important that you run these program updates to prevent interruption once IE11 has been deprecated. Note: Lace

As the deadline approaches, you may experience longer wait times to receive an Accepted or Rejected status for e-filed returns. Although the IRS and many states may process e-file submissions faster at other times of the year, it's normal for IRS acknowledgements to take one to three days, and for state returns to take two to five days. Returns that don't get acknowledged within that timeframe are considered delayed, and you can find a list of current delays we're working with the tax agency to resolve in this article. To check for new acknowledgements You can check for status updates in Lacerte, or access the latest status from anywhere using My Account: Sign in to My Account. Follow the link above, or from your dashboard, select Products on the left-side menu, then click e-File Status. Enter the required information: The Product you used to e-file the return The Status you want to check for (typically All) E

Recently identified, eSignature users experiencing specific input items selected in Screen 1, Client Information, were reverted to their default option when eSignature is updated. This happens in certain situations, illustrated later. At this point;If you have any clients with eSignature status of 'complete' or 'e-filed' you should review the input listed below in Screen 1, Client Information, for all client files containing AR, CA, DE, HI, NH, NY, OH, and/or OR. States and their specific input fields impacted by the reversion:  ArkansasTaxpayer Deaf?Spouse Deaf?CaliforniaRDP Filing StatusPMB # in Address?Delaware, New Hampshire, & OregonTaxpayer Disabled?Spouse Disabled?HawaiiTP Deaf or Disabled?SP Deaf or Disabled?TP-Food/Excise and Low Income Household Cr. QualSP-Food/Excise and Low Income Household Cr. QualTP-Claim $1 General Tax CreditSP-Claim $1 General Tax CreditNew YorkNYC/Yonkers ResidentMaintained living quarters in NYCOhioTaxpayer Retired? Once you ha

Recently identified, eOrganizer users have found that specific input items selected in Screen 1, Client Information, were reverted to their default option when filing returns. This has since been corrected in the program (available for download April 6, Version 42.0406).Please verify you are working on the most current version of Lacerte, and review your client files for these specific items:ArkansasTaxpayer Deaf?Spouse Deaf?CaliforniaRDP Filing StatusPMB # in Address?Delaware, New Hampshire, & OregonTaxpayer Disabled?Spouse Disabled?HawaiiTP Deaf or Disabled?SP Deaf or Disabled?TP-Food/Excise and Low Income Household Cr. QualSP-Food/Excise and Low Income Household Cr. QualTP-Claim $1 General Tax CreditSP-Claim $1 General Tax CreditNew YorkNYC/Yonkers ResidentMaintained living quarters in NYCOhioTaxpayer Retired? Follow these steps to enhance your ability to identify client files that utilized eOrganizers:Select the Settings dropdown menu in LacerteClick OptionsSelect the Disp

Alabama recently passed Act 2022-37 which includes changes to the calculation of the Alabama Federal Income Tax Deduction. These changes may affect taxpayers who file an Alabama tax return and have one or more of the following credits: Federal child tax credit (including advanced child tax credit payments received in 2021) Earned income tax credit Federal child and dependent care credits Alabama has released an updated Federal Income Tax Deduction Worksheet that is currently under development. In the meantime, Alabama will automatically re-compute the Federal Income Tax Deduction for affected taxpayers who electronically file returns prior to the updated Federal Income Tax Deduction Worksheet being developed and released. Note: Alabama will only adjust returns for affected taxpayers who electronically file their Alabama return, Any affected taxpayers who paper file prior to the updated worksheet being available will have to amend their return once the updated worksheet is available.Ala

We know things can break sometimes, but we’re here to help. Follow the steps in the article How to fix common problems and errors with the Lacerte Tool Hub New features Prior Year Install has been renamed to Install Lacerte Tax, and now includes 2020 Moved WebSetup /force and Install Lacerte Tax to the new Install tab Consolidated buttons for several tools to clean up the interface (Display Reset and Component Repair) New JRE Memory Tool that can help resolve crashes with large returns New tool to reset your options file to default

Update: E-file and REP latency issues have been resolved and we are continuing to monitor closely.    

We've identified an issue with the latest release that has impacted importing bridge files from third-party vendors to Lacerte. The issue is easily identified as a pop-up message during the import process asking the user to replace the existing client "Client number XXXX already exists on your current data path. Do you want to replace it"When this message presents itself, select 'No'. Otherwise, it will overwrite existing data versus the expected merge. We are currently working on an emergency release to correct this issue.

Latest Update:  Form 7203 is Now available in Lacerte update 42.0301Here's an article on How to complete Form 7203 in Lacerte   *************    

February 10, 2022, a calculation error with the Oklahoma State Child Tax Credit was identified. This calculation can occur when there is Advanced Child Tax Credit Payments present, resulting in an understated Child Tax Credit.A program update was released on February 15, 2022 (Version 42.0215) to address this behavior, and version blocking was implemented to prevent returns from being transmitted on a prior version.After reviewing your rejected Oklahoma return(s), these filings can be re-transmitted/e-filed. Any impacted returns filed and accepted prior to February 10, 2022, should also be reviewed and may require amendment.The following tool can be utilized to identify all impacted returns by simply entering your Customer Account Number:Find My 2021 Oklahoma Child Tax Credit Returns with Calculation ChangesLocating your customer account number in Lacerte:Click your Settings dropdown menuSelect OptionsClick the Firm Info tabYour customer account number is listed as Lacerte Customer #

NOW AVAILABLE This tax season we are offering an amazing new feature to Contacting Support! Lacerte Tax 2021 has launched a Digital Assistant inside your Search Panel. The Digital Assistant will help find answers to most common tax and product questions. If the answer is not there or not helpful, the Assistant will allow you to Ask the Community or Contact Support by entering a direct Callback Number. Callback requests are handled first come, first serve. The more frequently you interact with the Digital Assistant, the faster it learns, and we can quickly improve the answers available to you. The Digital Assistant can be accessed 24/7. Callbacks are available within our normal phone support hours.   Please see below to know where to find the Assistant!        

  We are aware of Diagnostic 56728, and are working at getting this updated promptly.   "The program detected that the \"Staff Preparer\" value in Client Information is invalid or missing. To correct the issue, please go to Client Information and re-select the correct Staff Preparer value. If there should be no Staff Preparer listed, first select a Staff Preparer from the drop down menu, and then delete it."   Please subscribe to this post for updates on this issue by clicking on the gear icon  on the upper right hand of your screen.