The Internal Revenue Service today reminds those who make estimated tax payments such as self-employed individuals, retirees, investors, businesses, corporations and others that the payment for the first quarter of 2022 is due Monday, April 18.
The 2022 Form 1040-ES, Estimated Tax for Individuals, can help
taxpayers estimate their first quarterly tax payment.
Update: IRS has updated their schema as of March 21st. Returns with an 8839 can be summitted.
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We are aware of an issue with the IRS schema concerning the maximum adoption credit allowed on Form 8839 Qualified Adoption Expenses. Per the form and instructions, the maximum allowable credit is $14,440; however, the IRS schema has this value set as $14,400. Any e-filed return that includes the maximum $14,440 will receive IRS Rejection X0000-005.
At this time, please hold these returns until the IRS releases the next schema update which is tentatively scheduled for mid-March.
Note: TaxWise will display a validation error if you attempt to create the e-file for these returns.
The issue with e-signature billing has been resolved and e-signature transactions since March 7th will be included on your next invoice. As such, you may see a larger than normal number transactions due to the pause in billing.
Reminder: Usage of e-signature in TaxWise Online, TaxWise Desktop and ATX has not been impacted.
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On Monday, March 7 at 12:00 PM ET, we identified an error in the billing function of TaxWise Desktop and will complete unscheduled maintenance. As a result, e-signature billing for TaxWise Online, TaxWise Desktop and ATX will be temporarily unavailable. Once the billing maintenance has been completed, all billing events will be invoiced accordingly.
Usage of e-signature in TaxWise Online, TaxWise Desktop and ATX is not impacted.
For your convenience, please reference tutorials below on how to print bank product checks, align checks, and how to void and reprint a check:
The 21.5 version of CAS/P is now available from the Solution Center or via the auto-update feature in CAS/P. It includes the following regulatory updates.
The following regulatory information is now available for Client Accounting Suite and Client Accounting Suite Premier:
Customers submitting an individual return containing Form 2441, Child and Dependent Care Expenses, may have encountered the following rejection message from the IRS.
Utah has announced that they have been rejecting partnership returns in error using the four rejection messages below. They will release a fix for this issue later tonight. Please hold any Utah TC-65 returns and do not retransmit any rejected returns until 12 Noon EST on March 22nd.
Rejection messages: