Tax & Accounting Blog

Important Notice for UltraTax CS Users: IRS E-File Processing Dates

CS Tax & Asset Management Solutions January 2, 2014

IRS e-filingOn November 23, 2013, the IRS suspended e-file processing for yearly maintenance. 1040 e-file processing will resume on January 31, 2014. The IRS will begin accepting 2013 business tax returns on Monday, January 13, 2014. This start date applies to both e-filed and paper-filed returns. 

Note: Refer to the IRS Modernized e-File (MeF) Status Page for information on maintenance downtimes. Paper filing 2013 tax year returns provides no advantage over e-filing as the IRS will not process paper tax returns before the announced start date. Filing paper returns before the IRS announces they are ready to receive such returns will only slow the processing of the return and related refund. The IRS e-file program with direct deposit is the fastest, best option for those impacted by the delay to get their refunds. Refer to IR-2013-82 for additional information. 

UltraTax CS will reject any prior-year (tax year 2012) 1040 returns received during the IRS downtime beginning November 23, 2013. You should file these individual returns on paper to minimize any penalties and interest that could be applicable to late-filed returns. 

The IRS MeF system processes and creates acknowledgment files for the transmitted e-files throughout most days, except during weekly maintenance and downtimes. The MeF system allows a prior-year return (not including Form 1040X) to be e-filed during the two-year period after the initial processing year. A tax year 2012 return can be e-filed in processing years 2013, 2014, and 2015. 

The UltraTax/1040 Electronic Filing utility will be included in a January update of UltraTax/1040. Refer to User Bulletin 1040US-13.1.0, Electronic Filing Setup Procedures for more information on setup issues and other information you may need to address prior to electronically filing 1040 returns with UltraTax CS. 

More Info?

Refer to the Product News section of the 2013 UltraTax CS Home Page for more info on the status of e-filing. And continue to check the IRS Modernized e-File (MeF) Status Page for additional details.

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