Tax & Accounting Blog

IRS Form 8867 Redesign

IRS Form 8867 Redesign

The IRS has redesigned Form 8867, the Paid Preparer’s Due Diligence Checklist, for tax year 2016 in reaction to legislation passed as part of the PATH Act of 2015. Prior to 2016, paid preparers were only responsible for completing due diligence requirements for the Earned Income Credit (EIC); however, the new law extends these due … Read More

Now Introducing a Multi-Unit Income & Deductions Folder in UltraTax/1065

Now Introducing a Multi-Unit Income & Deductions Folder in UltraTax/1065

The 2016 version of UltraTax CS® now has input screens and data-entry fields to support multiple units of trade or business activities for Form 1065, page 1 and additional activity-based reporting items for partners. The following changes related to multiple trade or business activities were made to the UltraTax/1065 input … Read More

Automatically Rehang E-File Acknowledgements with CS Connect™ Background Service

Automatically Rehang E-File Acknowledgements with CS Connect™ Background Service

When the CS Connect Background Service is enabled, it will automatically check the electronic filing status dialog for any clients with a status of Return transmitted to CS that is greater than 48 hours old—and request the automatic rehang of those clients’ acknowledgements. This helps to eliminate the need to contact our CS Support team … Read More