News & Updates

Recently passed legislation repeals the property measure (Schedule G) from the TN franchise tax and authorizes special refunds for 2020-2023 to be paid to requesting taxpayers who paid TN franchise tax on the property measure.Requesting a refund involves a two step processAmend the return(s) for the period(s) to be included in the refundSubmit the Claim for Refund of Franchise Tax Paid on Property Measure (Schedule G) formWe highly recommend that both steps of the process be done through the TNTAP website.For more information, please visit the Franchise Tax Property Measure (Schedule G) Refunds page

E-filing for the main return filing type will become available the week of May 3rd, 2024. Users who have not filed their main return yet will be able to E-file for the 2023 tax year (and all years moving forward). Certain forms and filing types are not included in this capability. Refer to Forms Availability online for a list of supported forms.

There was an incorrect calculation for Earned Income Tax Credit in tax year 2022 and 2023 Michigan Individual Income Tax program. The incorrect calculation led to a failure to claim a refundable EITC from impacted returns, resulting in a smaller refund. A fix was implemented and released for tax year 2023 on 3/7/2024 and tax year 2022 on 4/18/2024. Before the fix was available, if a tax return claiming the Earned Income Credit on Federal Form 1040 filed Form MI-1040 with $0 Michigan taxable income and one of the following residency statuses, then the return may be impacted. Please review and amend tax return as needed.1. Joint return - One spouse is full year resident and other spouse is part year or nonresident2. Joint return - One spouse is part year resident and other spouse is part year or nonresident, OR3. Single return - Filer is a part-year resident

A ProSeries error on Iowa 1040, Schedule 1, line 14 in your tax return has caused a miscalculation of the amount for the additions to federal income or overpayment received in 2023. This miscalculation caused the line 14 amount to be doubled which incurred an overpayment to the state of Iowa.  The ProSeries miscalculation was released into the Iowa product on 3/20/24 and the resolution was released on 3/23/24. The only returns impacted would have been filed between the dates of 3/20/24 - 3/22/24. Iowa returns when opened, will reflect the corrected information. This will  include the corrected refund or amount owed. In order to resolve, preparers will need to paper file an Iowa Amended return. Preparers with impacted returns will receive an in product alert with additional instructions on how to amend.  We truly apologize for any inconvenience this may cause, but we’re glad that there will be no underpayment and that no additional taxes will be owed. 

On April 8th, 2024, Minnesota Governor Tim Walz signed House File 3769 that may impact 2023 Minnesota Corporate Franchise Tax Return (Form M4) filings. The 70% net operating loss (NOL) deduction limitation has been delayed and is now effective for tax years beginning after December 31, 2023. As a result, the 80% NOL deduction limitation has been extended to include tax years beginning before January 1, 2024.Proseries will be updating the software reverting the Minnesota NOL deduction limitation from 70% to 80% in a future release. Unfortunately, the timing of the tax law change and the proximity to the April 15th filing deadline is challenging for tax preparers and their clients. Filers expecting to utilize a net operating loss deduction in 2023 should consider waiting for the impending update to the software before submitting.As a reminder, Minnesota provides all filers with an automatic seven-month extension to file the Form M4, Corporate Franchise Tax Return. Please note, this exten

UPDATE: This has now been resolved. Please ensure you are on the most current version of ProSeries.  We are currently investigating a behavior where type "A" charitable contributions from a K-1 are being changed to type "C" on the Schedule A.

This has been reported and is currently being researched for root cause. Update to remove errors: 1. To remove the errors, instead of removing the entries on the Sch K-1 Wks, go to the forms menu, select Schedule K-1. The window that pops up will list "untitled" for all of the prior year K-1s.  2. Open each "untitled" Schedule K-13. Select to remove that form.  When all "untitled" Schedule K-1s are removed the errors requiring an entry on the Sch K-1 Wks will be gone, however, there may still be an error for the percentage of ownership not totaling 100%".

We are currently investigating Form 5695 Home Energy Credits is not qualifying when improvements were ‘Not Made on their Main Home’.. If you are experiencing this behavior, fill out the form below: 

Virginia has announced that Electing Pass-Through Entities (PTEs) can now file and pay their Tax Year 2021 Pass- Through Entity Tax (PTET) return.  However, this will not be available within the 2021 ProSeries program and the state is directing filers to use their online application to file their PTET.  This is available on the state’s online application for businesses

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/

Update: This has now been resolved. Please ensure you are on the most current version of ProSeries. The unexpected behavior you have experienced regarding 2023 IND W-2G Error for Both Foreign and US address has been reported and we are currently researching for more information. 

The New Jersey Division of Taxation has issued updated guidance related to the Form CBT-100S.  An update for ProSeries was released on March 1, 2024 to conform with this new guidance. 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.  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  

Colorado has announced a mid-February e-file open date. ProSeries will open in advance allowing preparers to transmit these returns which will be held until the state officially opens to receive these filings. ProSeries will open e-file today, January 31, 2024, allowing these returns to be sent to ProSeries. Once sent these returns will be held with an e-file acknowledgement of 'Received at ProSeries', and will remain until the state opens. Once the state begins processing returns, the e-file acknowledgement status will be updated to reflect this.

We are currently investigating a behavior where forms with multiple copies are not printing the additional copies with the return. If you are experiencing this behavior, please fill out the form below

We are aware of the delays regarding a return with a status of “Received by Intuit." We are investigating and will provide next steps when available. 

Due to significant changes to form 5695 which was released on 2/7/24, you may need to re-input the data on the form. Please be sure to review Form 5695 before filing the returns. Information entered after 2/7/24 is not affected.  

Note: For tax year 2023, Form 3800 is undergoing a major IRS rewrite that expands the form to 8 pages. This form is still in development, pending a future release. Form 1120S and 1065 filers that require Form 3800 may want to consider filing extensions. The Internal Revenue Service today reminded farmers and fishers who chose to forgo making estimated tax payments by January that they must generally file their 2023 federal income tax return and pay all taxes due by Friday, March 1, 2024. The special March 1, 2024, deadline applies to anyone who qualifies as a farmer or fisher and didn't make an estimated tax payment by Jan. 16, 2024. Those who made a qualifying payment by Jan. 16, 2024, can wait until the regular April 15, 2024, deadline to file and still avoid estimated tax penalties.  For more info, see here. Some related resources: Generating the Schedule J Common questions about Schedule F How to make Estimated Tax Payments for the Federal Return Disaster area tax extension

The unexpected behavior you have experienced regarding Partnership State Extensions has been reported for review. We will update as we learn more information.  Fill out this form if you were affected by this: 

We are aware of an issue in the 2023 ProSeries program regarding an erroneous "Do Not Mail" watermark on Pennsylvania Local Tax Forms. An update is scheduled to be released later in the week of February 5, 2024 to resolve the issue.

Due to the changes made to the Schedule K and K-1 codes, ProSeries TY23 has implemented a new checkbox and error message indicating that the codes will require review.  New Check box on Schedule KNew ProSeries Final Review Error Message This checkbox and error will only activate if the Partnership or S-Corporation return was:Created prior to 1/17/24 for Partnership and 1/19/24 for S-Corporation.Transferred prior to 1/17/24 for Partnership and 1/19/24 S-Corporation.The program is not up to date when the transfer is completed.For returns transferred or created after those dates, the error message and checkbox will not be required. Some codes may have changed from previous years. Please review the codes entered and descriptions provided on the Schedule K and Schedule K-1 to ensure that they are being accurately reported. Once reviewed ensure that the box is checked at the top of the Schedule K on 1065 Page 5-6 and 1120S Page 3-5. Also advise that not all returns will r

Resolved: an issue where some tax year 2021 and 2022 Federal individual income tax returns are being rejected with a Business Rule Reject F1040-034-07 which indicates Form 1040, 'WithholdingTaxAmt' must be equal to the sum of all withholding amounts reported across various forms (to include Forms W-2 W-2G, 8959, RRB 1042-S, SSA 1042-S, and Sch K-1’s).If you're receiving e-file reject code F1040-034-07 when e-filing federal TY21 and TY22 individual returns, please update to the latest versions. To subscribe to this post, be sure to sign in, select the settings icon on the top right and press Subscribe. 

RESOLVED - an update was released 2/1/2024 to correct this issue. If you downloaded the ProSeries 2023 tax program prior to 11/15/2023, it is possible you are experiencing the inability to update the1040 formset.  This will cause the program to display "Form not Final".  We have identified the root cause and will be pushing a fix overnight.  To check to see if you are on the latest version, go to the Help menu>About ProSeries>Version.  It should match or be higher than the version highlighted below: If you would like to correct this immediately, you will need to  REPAIR UPDATES.  If you have previously ran the REPAIR UPDATES and are filing 1040 successfully, please disregard. Click here for Using the tool in the ProSeries Tool HubTo run Repair Updates: Click the Windows Start Menu Click the arrow next to ProSeries 2023 Select Tools-Repair Updates          

Intuit customers are reporting that they received an email asking to Verify their EFIN. This is a copy of what has been reported, please do NOT comply with the request if you have received similar, it is not from Intuit.  Intuit will never request sensitive credential documentation be sent via unencrypted channels (email/fax), but via our encrypted Account Management portals.

IRS Individual e-file opens January 29, including prior year individual returns. Important Notes: To successfully e-file returns, make sure your software is up to date by going to the Update menu and choosing Update Installed Products. Some Federal and State forms may not be final. Check Tax Form Availability for the most up to date form release dates as well as Federal and State e-file availability. This includes ProSeries 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.

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 Update menu and choosing Update Installed Products. Some Federal and State forms may not be final. Check Tax Form Availability for the most up to date form release dates as well as Federal and State e-file availability. This includes ProSeries 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! Form 990-T Exempt Organization Business Income Tax Return (2021, 2022 & 2023) - March 17, 2024: The IRS announced e-file will not be available for Exempt Form 990-T until March 17, 2024. Messaging will appear in-product as a reminder when attemptin