Thursday, June 20, 2024

Client Accounting Suite/Premier (CAS/P) version 23.4 is available

The 23.4 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.

Regulatory Updates

The following regulatory information is now available for Client Accounting Suite and Client Accounting Suite Premier:

  • 2024 Federal Forms update
    • 2024 941X and Worksheets are included in Blank Forms.
  • 2024 State Returns - Form updates for the following states are included in this update.
    • Wisconsin
  • 2024 State Withholding Rates - The following state withholding calculations have been updated for 2024:
    • Idaho
    • Ohio
    • Utah
      • Note:  As other states change their rates for 204, we will provide updates on the support website.




Tuesday, June 18, 2024

*Resolved* State News: Alabama MeF Acknowledgement Delay

*Resolved*

We have received the following message from the Alabama Department of Revenue Services. The processing delay issue for MeF returns has been resolved.  We have sent out acknowledgements to the backlogged submissions received during the delay timeframe.

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Please review the below message from the Alabama Department of Revenue Services.

We are aware of issues with processing returns/acknowledgments.  Our developers are working diligently to resolve the issue as soon as possible. We apologize for any inconvenience. 

Thursday, June 13, 2024

IRS News: CP14 (Balance Due, No Math Error) notices sent in error

The IRS is aware that some taxpayers are receiving CP14 (Balance Due, No Math Error) notices indicating a balance due even though payments were made with their 2023 tax return.

Who is affected: Taxpayers who paid electronically or by check with their 2023 tax return, may show their accounts as pending, although the IRS has received and processed payment through their banking institution. The notice may have been initiated before the payment was processed on the account, or the payment may have been processed but contained errors and requires additional handling to address the error before updating the tax account.

No immediate action or phone call needed: Taxpayers who receive a notice but paid the tax they owed in full and on time, electronically or by check, should not respond to the notice at this time. The IRS is researching the matter and will provide an update as soon as possible.

Note that any assessed penalties and interest will be automatically adjusted when the payment(s) are applied correctly by the IRS.

Taxpayers who paid only part of the tax reported due on their 2023 return should pay the remaining balance or follow instructions on the notice to enter into an installment agreement or request additional collection alternatives.

For affected taxpayers, the IRS apologizes for the inconvenience this delay in processing your payment has caused.


Read the official IRS Statement here: IRS Statement on balance due notices (CP14)

IRS Reminder: June 17 estimated tax payment deadline fast approaching

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 second quarter of 2024 is due Monday, June 17.

Who needs to pay estimated tax?

Taxpayers including sole proprietors, partners and S corporation shareholders must make estimated tax payments if they expect to have a tax liability of $1,000 or more when they file their return. 

The IRS Interactive Tax Assistant is an online tool that taxpayers can use to see if they are required to make estimated tax payments. Taxpayers can also see the worksheet in Form 1040-ES, Estimated Tax forIndividuals, for more information about who must pay estimated tax. 

Corporations that expect to owe tax of $500 or more, generally must make estimated tax payments. For more information, corporations can see Publication542, Corporations


State News: Alabama MeF Acknowledgement Delay

Please review the below message from the Alabama Department of Revenue Services.

We are aware of issues with processing returns/acknowledgments.  Our developers are working diligently to resolve the issue as soon as possible. We apologize for any inconvenience. 

Monday, April 29, 2024

CP2100 and CP2100A notices - Payments subject to backup withholding

When businesses and other payers file information returns with data that doesn't match IRS records, IRS sends a CP2100 or CP2100A notice to them. The notices tell payers that their information returns have a missing or incorrect Taxpayer Identification Number (TIN), name or both. 

Each notice has a list of payees with the issues. Payers need to compare the listing with their records and correct or update their records, if necessary. 

Payments subject to backup withholding 

CP2100 and CP2100A notices also tell payers that they may be required to backup withhold tax payments. Payments may be subject to backup withholding if: 

  • The payee doesn’t: 
    • give their TIN to the payer in the required manner 
    • certify that they aren't subject to backup withholding for underreporting interest and dividends 
  • The IRS tells the payer 
    • the payee gave an incorrect TIN and didn’t certify their TIN as required 
    • they must begin backup withholding because the payee didn't report all their interest and dividends on their tax return 

Payers are responsible for any amount they fail to backup withhold and the penalties that may apply.

More information: 

Publication 1281, Backup Withholding on Missing and Incorrect Name/TINs (PDF)

Thursday, April 18, 2024

State News: Connecticut MeF Acknowledgement Delay

Please review the below information from the Connecticut Department of Revenue Services.

Connecticut is seeing significant delays in our MeF acknowledgments going out.  We are working to resolve the issue with the slow response time.