Level 6

Solved

8990 not final?

8 replies
50 views

Lacerte gives me a critical diagnostic (ref #0) that form 8990 is in draft form.

Yet the IRS released 8990 and its instructions last December, and the IRS site shows nothing about any pending changes.

Can I still e-file with this critical error? Will the IRS accept it? I just was on hold with Lacerte support for 59 minutes with just music...L

Lacerte Tax

This topic has been closed for replies.

abctax55Answer

Level 15

Nope...the critical diag is still there.

BUT, I was able to disable efile errors & get the return to validate.

I can't actually efile it until I get back to the office.

HumanKind... Be Both

abctax55

Level 15

"Yet the IRS released 8990 and its instructions last December"

But there was a little change called the CARES Act that changed F 8990.

THAT change hasn't yet been implemented, by the IRS and therefore, by Intuit.

Whether you can override that diag & still file is unknown. I may try tomorrow; I have a return with a measly $ 160 that this issues is holding up the fiing.

HumanKind... Be Both

abctax55

Level 15

I just found this... maybe it's a work-around?

https://proconnect.intuit.com/community/business-tax-credits-and-deductions/help/generating-form-8990/00/4252

HumanKind... Be Both

abctax55Answer

Level 15

Nope...the critical diag is still there.

BUT, I was able to disable efile errors & get the return to validate.

I can't actually efile it until I get back to the office.

HumanKind... Be Both

abctax55

Level 15

Thanks. In my case, the excess business interest (all $300) came in from a partnership K-1, and I was under the impression that partnerships weren't impacted by this CARES act provision.

Please let me know about whether the e-filing works (and the return is accepted by the IRS) with errors disabled. My client's return is 93 pages - that's a lot to mail!

Will do... mine's is flowing from a partnership too. And it's probably 220 pages, plus three states. AND she always owes, and wants the payment directly debited.

I so do NOT want to paper file this one 😂

HumanKind... Be Both

Sign up

Login with SSO

Let's get you signed in

Login with SSO