Lacerte Newsletter
February 5, 2010 • TY09, Vol. 4
Newsletter Highlights
Getting Answers to Your Questions

Did you know you can ask and answer questions on the Lacerte Community?

The Lacerte Community is a great place to share your Lacerte and tax knowledge with other tax preparers who use Lacerte software. You can get answers to your questions or answer questions asked by other Lacerte users.

Visit the Lacerte Community today to find out what other tax preparers are saying.


Lacerte 5500 E-File Mandates

TY09 Lacerte Tax will be fully compliant with the Department of Labor's recent e-file mandate for the 5500 Benefit tax module including the EFAST2 PIN signature requirement between the preparer and the sponsor of the Benefit plan.

The TY09 Lacerte 5500 Benefit tax module is currently available (Release 3 on January 14, 2010), but does not yet include the ability to e-file returns. The e-file portion of the 5500 Benefit tax module including support for the EFAST2 PIN is scheduled to be available by the end of March in advance of the filing deadline for 5500 returns, which is July 31, 2010. We will continue to provide updated information about progress of the new 5500 e-file functionality as the expected release date approaches. For more information, please view the KB Article.


Top Reasons Lacerte Users Contact Support

Click the links below to find answers to popular questions Lacerte users ask this time of year.

Visit Lacerte Online Support today!

News from the IRS

IRS Quick Alert: Form 1040, Schedule M - Error Reject Code 1132

On January 28, 2010, the IRS issued a Quick Alert announcing that Error Reject Code 1132 occurs when the amount of the Economic Recovery Payment reported on Line 10 of the Schedule M does not match a data file that identifies if an agency (SSA, RRB or VA) issued an Economic Recovery Payment to the taxpayer(s) in 2009... For more information, please view the KB Article.

Tips, Tricks and Shortcuts

Use the Missing Data Utility to Easily Track Missing Client Information

Use the Missing Data Utility to easily and quickly track, gather, and enter missing client information—all from within Lacerte. For more information, please view the Missing Data Utility Video.

 

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