Level 8

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Efiling clarification

Forum|Forum|5 years ago
October 21, 2020
3 replies
19 views

I am closing my tax business but, will still be preparing returns for friends and family. IRS requires minimum of 11 returns to maintain ERO standing. If I continue to use PS in coming years will I be able to efile them if I do less

ProSeries Professional

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Best answer by abctax55

Laura, you have it backwards. The "more than 10 returns" dictates that efiling is REQUIRED.

Just-Lisa-Now-

Intuit Community Champion

I didnt realize there was a minimum for an ERO to keep their EFIN.

You would need a current EFIN if you want to continue to Efile.

Keeping PS for less than 10 returns per year seems awfully expensive.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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taxes96786Author

Level 8

Hi Lisa

I went back to Pub 3112 and see that I did read it wrong. So you are verifying that I can efile less than 11 returns through PS and keep my EFIN with IRS. I have an agreement with my friends and family that they reimbuse my PS cost only for printing and efiling their returns. I do not charge for the actual prep of the returns.

Why not use a non-pro program, you ask:

I refuse to use and HRB products...long story.

I do not trust using cloud products.

I have not found a program that will allow me to enter data directly to the form rather than by interview or Q and A format. Do you know of any?

I can't find stand-alone software that will efile more than 5 returns (Turbo Tax limit) their software is also input by interview....that process is too slow for me. I do between 5-10 per year.

I have used PS Pro since 1994. I switched to PPR two years ago as I was winding down the business.

Finally I can't guarantee that other prep companies will be as diligent as I am when preparing returns. i.e.: I have a friend whose return currently has an NOL carrying forward, PV credit carrying forward and a partial home rental that requires allocation of different percentages to 4 separate forms. I fear this may be lost with a new preparer.

I appreciate any advice you send my way

qbteachmt

Level 15

For reference, TT desktop has Forms or Interview. You can switch between them at any time.

Don't yell at us; we're volunteers

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TaxGuyBill

Level 15

@taxes96786 wrote:
IRS requires minimum of 11 returns to maintain ERO standing.

Can I ask where you got that from? I'm not aware of it.

The reverse it true. If you file 11 or more you NEED to e-file (unless you qualify for an exception). As Lisa said, I don't think there is a minimum amount to keep your EFIN.

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Terry53029

Intuit Community Champion

Also like @Just-Lisa-Now- mentioned it would be costly. Why don't you just use one of the nonprofessional software packages, like Turbo Tax, HR Block, etc

abctax55Answer

Level 15

Laura, you have it backwards. The "more than 10 returns" dictates that efiling is REQUIRED.

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