Form 4547 availability

Seems as if Lacerte is always the last of the intuit products to receive forms!

I keep asking people how much they're charging to help clients get this free money, and so far no one has answered.  I suspect, without knowing (I should get a job in this Administration, right?) that your clients had never heard of Form 4547 until you told them about it.  It's the financial institutions that are going to profit from this, and they're offering free help to set up the accounts this summer.  Your clients are going to have to deal with them, anyway.  Unless you're a "financial planner" (i.e., commissioned salesperson) after April 15.  

CA forms have been final and are being utilized by all the other software companies that I have inquired of.  They have been able to file forms since opening day, with the exception of a couple forms that were not final for a day or two. Lacerte has not done the scheduled update for yesterday, 2/4/2025.  LACERTE IS NOW PROJECTING THAT THE NEXT UPDATE WILL NOT BE UNTIL AT LEAST THE 10TH OF FEBRUARY.  At least one of their other, if not 2 out of the 4,  tax software packages have the forms for CA and people are able to file and Print entire returns no problem.  

THIS IS 100% A LACERTE ISSUE.  The fact that they did not send out yesterdays scheduled update AND they have not sent any information to those of us that have bought this product, is more than negligent.  Bad business to treat their customers so unprofessionally.  I have been using this product for over 35 years.  We will finally be making an exodous this year.  It is one thing to blow it or have issues, but it is entirely another to leave us all hanging without any information AND to make the updated forms available for their other software packages.  They obviously do not value their Lacerte customers.

Bloomberg reports:

Parents would have up to 17 years to claim $1,000 government payments to tax-advantaged savings accounts that Donald Trump’s tax law grants to most children born during the president’s second term under rules proposed Friday.

The Internal Revenue Service proposed rules for the program that seeks to maximize the window of time parents can claim the new benefit. Caregivers can sign up as soon as a child receives a Social Security number up until the end of the year the child turns 17 under the proposal.

Only children born between the start of 2025 and the end of 2028 are eligible for the $1,000 government contributions to the savings accounts, which can grow with taxes deferred until the money is withdrawn. Parents can create accounts for children born earlier but those accounts don’t receive a government contribution.

Should unlicensed financial advisers be suggesting to parents that they should hurry and open these accounts in July, because they're sure the stock market is going to grow before they see their clients again next April?  This may be legal but it might not do much for reputation.  The 4547 does nothing to fund an account until a financial institution completes the paperwork, and that can't happen until July.  I suppose as long as parents are advised of that, no one is giving them false expectations.