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In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
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- Illinois s corp form IL 1120 ST V
Illinois s corp form IL 1120 ST V
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EFCPA
Level 1
02-25-2022
01:41 PM
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For 5 weeks, Pro Series has been saying IL 1120 ST V will be ready on 2/25. Then last night, the date changed to 3/4. Since you can't e file if a form isn't final, is there a workaround to allow e filing fed and IL 1120 S without continuing to wait?
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5 Comments 5
Ephesians3-14
Level 8
02-25-2022
06:28 PM
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This works now as of today with the 2/25 update. I file 100's of IL-1120-STs so I know this works now. Can't believe it took this long for Intuit to get this right!!!!!
EFCPA
Level 1
02-25-2022
09:43 PM
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I believe you, but why does the form still say - final on 3/4? I ran the update earlier today.
When I print the form, there is no "not ready for filing" watermark, so it appears ready.
Do you think that I should e file the returns, even if it says ready on 3/4?
Thanks for your insight. I am really aggravated with Pro Series this year. There are several other issues as well, but I'm focusing on this for now because I need to get these returns out.
adam_cpa
Level 3
02-27-2022
03:44 PM
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Our system won't even let us print the form because it is not final. It did for about a week, in between updates. But when it changed back to 3/4 it stopped allowing us to print it. Also, be careful because ProSeries thinks that the estimated tax payments for replacement tax and PTE tax are VOLUNTARY. It is not voluntary. The system calculates estimates based on PTE tax alone. You have to go to the worksheet and type in the current year net income for it to calculate the replacement tax portion of the estimated tax payments. This should absolutely be automatic and not a manual entry. And finally, you are required to pay estimates electronically if you owe Illinois over 20k. ProSeries will not allow for this yet. You can check the electronic payment box for the voucher, but not for the estimated tax payments yet. So there is no way to get the filing instruction letter to print correctly. Come on ProSeries, get your act together.
EFCPA
Level 1
02-27-2022
05:34 PM
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Thank you - Pro Series has totally dropped the ball this year.
Ephesians3-14
Level 8
02-27-2022
06:38 PM
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As a 25+ year user of ProSeries, this has been by far the worst year for release dates.
