Filing Deadline for Calendar Year Corporation and S Corporation Returns and Extensions is March 15, 2010

The IRS filing deadline for calendar year Corporation and S Corporation returns and extensions for tax year 2009 is March 15, 2010. Timely e-filing of returns/extensions must be transmitted to the Intuit Electronic Filing Center by 11:59 p.m. on March 15, 2010, in the ERO's time zone.

Electronically filed returns that are timely filed and rejected can be corrected and retransmitted by the later of the due date of the return or 10 calendar days from the date the rejection was issued by the IRS. (Starting with the 2010 processing year, the perfection period changed from 20 days to 10 days.) For more information, please view the KB Article.

Lacerte 5500 E-File Mandates

TY'09 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 TY'09 Lacerte 5500 Benefit tax module is currently available (as of 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 in an Internet Update mid-April (this will occur after the April 15, 2010, deadline to avoid interruptions during the 1040 filing season). This is in advance of the filing deadline for 5500 returns, which is July 31, 2010. When the EFAST2 PIN signature feature is delivered in TY’09 Lacerte, tax preparers will have the ability to send an email to the sponsor(s) of the Benefit plan and allow the sponsor(s) to complete the PIN signature at their convenience. 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.

• Installing Additional Tax Modules to the Lacerte Tax Program
• Modules are Disabled or Greyed Out Under Tax Type in the Client Menu
• Download Lacerte Updates
• How to Download a Prep File From My Account
• Federal e-file Reject Code 1132 or 1133 – Schedule M

Have a question that doesn't appear in this newsletter? Visit Lacerte Online Support to search our knowledge base, ask IVA, browse FAQs, view hot topics, and much more.

Frequently Asked Questions IRS Letters and Visits to Return Preparers - 2010 Filing Season

The IRS has issued new answers to frequently asked questions (FAQs) about IRS's current return preparer compliance campaign involving 10,000 "reminder" letters and "thousands" of in-person follow-up visits. The letters and visits have stirred controversy because they coincide with the busiest time of year for preparers. The new FAQs also provide tax return preparers with general pointers on their due diligence requirements. For more information, please visit the IRS Web site.

Avoiding Phishing Scams and Spoofed Sites

On the Internet, "phishing" refers to criminal activity that attempts to fraudulently obtain sensitive information, according to Wikipedia.org.

There are several ways a scam artist will try to obtain your Social Security number, driver's license, credit card or bank account number. To protect yourself from email scams, click here for more information and steps you can take to safeguard your computer and personal information.

If you suspect you have received a phishing email related to Intuit, please forward the email to spoof@intuit.com, then delete the email.

If you suspect you have received a phishing email related to the IRS, please visit the IRS Web site for more information.

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