Level 3

Solved

CT 1065 / CT 1120S - NOT AVAILABLE UNTIL MARCH 18th!?!

Forum|Forum|1 year ago
February 12, 2025
9 replies
41 views

It seems that CT pass-through entity returns will not be available until March 18th? The returns are due March 15th. Never mind then engagements piling up already that cannot be finalized and invoiced.

What on earth is going on here?

This topic has been closed for replies.

Best answer by Intuit_Ruben

Hello! Connecticut 1120S/1065 Form Products are currently experiencing longer than usual development times for Connecticut Partnership and S-Corporation tax. This is due to the implementation of significant changes to the state's tax laws affecting these entities. To avoid potential penalties, we recommend filing extensions at the state web page for Connecticut Partnership and S-Corporation returns. We apologize for any inconvenience this delay may cause.

C

CMundAuthor

Level 3

Is there anyone from Lacerte who can provide some information on this? We have used Lacerte for over 30 years and I cannot recall anything like this ever happening. A projected release date AFTER the filing deadline.

sjrcpa

Level 15

Maybe not with CT but it has happened before.

Make friends with extensions.

The more I know the more I don’t know.

C

CMundAuthor

Level 3

Obviously.

abctax55

Level 15

@Intuit_Al

@1569

Any input on this situation? Is it CT's 'issue'?

HumanKind... Be Both

R

rlaski

Level 2

The passthru entity return in KY requires Form PTET-P this year, if you owe, to calculate penalty. Form is applicable to Partnerships and S-Corps. The state has told us the form MUST BE INCLUDED in all filings that owe. Lacerte informed us this past Monday they have no intentions of generating this form for 2024. So not just a CT issue.

abctax55

Level 15

The OP didn't ask about PTET; s/he asked about why the CT program for partnerships/S-Corps (pass thru entities - NOT PTET) won't be ready until after the due date.

If you have questions/issues with KY - start a different thread.

HumanKind... Be Both

I

Intuit_RubenAnswer

Level 7

Hello! Connecticut 1120S/1065 Form Products are currently experiencing longer than usual development times for Connecticut Partnership and S-Corporation tax. This is due to the implementation of significant changes to the state's tax laws affecting these entities. To avoid potential penalties, we recommend filing extensions at the state web page for Connecticut Partnership and S-Corporation returns. We apologize for any inconvenience this delay may cause.

C

CMundAuthor

Level 3

I appreciate the response, really I do. I know there was a change (not huge to be honest) and I know that there have been a few changes to the form. What I want to know is why this is going to take until March 18th to release. Will Lacerte at least have a functioning / fileable extension form by the filing deadline?

These are not huge year-over-year changes and leave us wondering if we can count on the Laceret development team and process as we eye potentially larger changes coming in the future. It may be time after 30-plus years to move on from Lacerte to a more robust product like Pro System fx.

C

CMundAuthor

Level 3

We just heard from a colleague that Pro Series (Intuit's cheaper product) just had these forms released.

I will withhold what's in my head in an effort to maintain decorum.

K

KarenRiccardelli

Level 2

How can we file and extension when we don’t have access to the software?

D

DACPA

Level 3

Was the March 18th form release date removed from the moderator's replies and now just says longer than usual? Or it is just me? Might be a good sign that they will be earlier than that. Or maybe later.

abctax55

Level 15

@DACPA

Nope, Intuit Ruben's word-salad reply never mentioned 3.18.

(I have the thread archived thru last night's activity.... not my first rodeo with these mods)

HumanKind... Be Both

IRonMaN

Level 15

In summation for the CT preparers out there:

That sucks.

Slava Ukraini!

A

Anonymous

Hi all, The ability to file CT-1065/CT-1120SI (composite) extension and CT-PET (pass-through entity) extension is planned to be available in Lacerte on 2/21/25. This date is tentative and we will keep this thread updated with any new information.

A

Anonymous

Hello, all. See the newest update here on this topic: Connecticut Composite Income and PTE Form Status Updates in Lacerte

C

CMundAuthor

Level 3

Today's release:

- The forms are visible; not able to file but the new release date is March 11 rather than after the deadline - this is good

- Extensions are still not able to be e-filed. I was told that extensions would be able to e-filed with the ability to auto-pay balances due with this release - not good

C

CMundAuthor

Level 3

After an uproar here in CT, the DRS has agreed to move the filing and extension deadline back to April 15 which is a relief.

Comically, DRS at first moved the full form filing deadline to April 15 but affirmatively maintained that the March 15 deadline for extensions would remain in place. They received a sun flair response from the CPA community and changed their mind quickly.

I still want to be able to e-file the damned extension and pay the tax electronically Lacerte.

M

msscpa64

Level 2

I called Proseries today and they had no clue what I was talking about relating to the CT issue and no idea when the update to fix the issue will be released...This is nuts...We pay thousands of dollars for this software and this is what we get!!! I know it was CT that initially caused the issue, but for them to have no clue on the tech line about this issue is appalling. Oh yeah, it's March 18th and no fix in sight!!!

Michael S Stoughton CPA

Sign up

Login with SSO

Let's get you signed in

Login with SSO