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Release Notes: August 17th – Reports

16 Aug 23
Craig Smith
No Comments

A product deployment for TaxSlayer Pro Online will occur Thursday, August 17th beginning at 5:00am ET to release the below update(s). Note that deployments may take up to 3 hours to complete. During this time, access to the program may be limited.

REPORTS

  • Add “Total Income” to Site Production Detail Report – Electronic (Enhancement)
  • Allow group level logins to access the Report Customization configuration option (Enhancement)
  • Old State Ack report not showing M1/M1PR acks when Federal is marked as paper (Issue 211)

Release Notes: Dependent & Health Insurance

07 Aug 23
Craig Smith
No Comments

A product deployment for TaxSlayer Pro Online will occur Tuesday, August 7th beginning at 5:00am ET to release the below update(s). Note that deployments may take up to 3 hours to complete. During this time, access to the program may be limited.

DEPENDENT/QUALIFYING PERSON PAGE

  • Update text of “Was this individual a U.S. Citizen….” to include resident of Canada and Mexico text (Issue 190)

HEALTH INSURANCE

  • Add an e-file warning to check for 1095-A if present on the prior year and not added to current year (2022 Enhancement)

Message from Vermont – Extension Update

31 Jul 23
Craig Smith
No Comments

The below message was shared with software vendors by the Vermont Department of Revenue.

As some of you may know, the State of Vermont was greatly impacted by substantial flooding on July 10th.  Please see the information below regarding extensions granted by the Governor.

Taxpayers impacted by flooding and unable to meet Vermont tax deadlines between July 7, 2023, and November 15, 2023, will now have until November 15, 2023, to file and pay taxes.

The list of automatic extensions to November 15, 2023 for due dates between July 7, 2023 and November 15, 2023 includes:

  • Corporate and business income tax, including estimated payments
  • Sales and use tax
  • Meals and rooms tax
  • Payroll withholding tax
  • Estimated personal income tax payments, originally due September 15, 2023
  • Filing of 2022 Vermont personal income taxes with a valid federal or Vermont extension

I would note, this extension does NOT include the tax year 2022 personal income tax original payment due date, as that due date was April 18th, and before the July 7th qualifying period.

Update on MN Direct Tax Rebate Payments for TY2021 – Online Portal Available To Update Address/Bank Account

24 Jul 23
Craig Smith
No Comments
Online portal available for eligible recipients of the one-time tax rebate who need to update their address or bank information.

Taxpayers who are eligible for the one-time tax rebate and need to update their address or bank information from what was on their 2021 tax return, are reminded to visit the online portal at taxrebate.mn.gov to update that information before 5:00 pm CST on Friday, July 28, 2023.

Eligible recipients who have not changed their address or banking information from what was on their 2021 income tax or property tax refund returns do not need to take any action.

There is no application for the one-time tax rebate payment. Only eligible rebate recipients who need to update their information need to use the secure online portal.

Taxpayers will not apply for this rebate payment. The department will use tax year 2021 individual income tax or property tax refund returns to determine eligibility and distribute these tax rebate payments in the early fall.

What do taxpayers need to do?

 If You… Then…
Met the eligibility requirements and your bank information or address have not changed since filing your 2021 return You do not need to take any action. We will deposit the refund to your bank account or mail a check to the address on your 2021 return.
Met the eligibility requirements and your bank information or address have changed since filing your 2021 return You will need to update your information with us. Update your information using the secure online portal.
Exceeded the income limits or did not file a 2021 return You do not qualify for this tax refund payment.

 

When will rebate payments go out?

Eligible recipients of the one-time tax rebate can expect to get their rebate payment in the early fall.

Who is eligible for the one-time tax rebate?

You are eligible if you meet all of the following requirements:

  • You were a Minnesota resident for part or all of 2021
  • You filed one of the following returns by December 31, 2022:
    • 2021 Form M1, Minnesota Individual Income Tax
    • 2021 Form M1PR, Homestead Credit Refund (for Homeowners) and Renter’s Property Tax Refund
  • Your 2021 adjusted gross income (line 1 of Form M1 or Form M1PR) was:
    • $150,000 or less for married joint filers
    • $75,000 or less for all other filers
  • You were not claimed as a dependent on someone else’s 2021 Minnesota income tax return

Taxpayers who died before January 1, 2023, are not eligible.

Visit our website for one-time tax rebate eligibility requirements and additional information.

Where can Minnesotans find more information on other tax-related legislation?

Revenue is reviewing other legislation recently signed into law and is working to update the state tax filing systems to reflect changes made to Minnesota’s tax laws. For more information on other tax law changes, visit the Tax Law Changes page on our website.

Release Notes: Schedule LEP

20 Jul 23
Craig Smith
No Comments

A product deployment for TaxSlayer Pro Online will occur Thursday, July 20th beginning at 5:00am ET to release the below update(s). Note that deployments may take up to 3 hours to complete. During this time, access to the program may be limited.

SCHEDULE LEP

  • Schedule LEP is now an option to add to a custom print set (Enhancement)

Release Notes: June 29th – KY & OR

28 Jun 23
Craig Smith
No Comments

A product deployment for TaxSlayer Pro Online will occur Thursday, June 29th beginning at 5:00am ET to release the below update(s). Note that deployments may take up to 3 hours to complete. During this time, access to the program may be limited.

KENTUCKY

  • Update “amended” to “amend” in amended menu (Issue 231)

OREGON

  • Add “Oregon State Transit Tax” selection to W-2, Box 14 drop down menu with value carrying to Schedule A (Enhancement)

Release Notes: June 27th – Review Report

27 Jun 23
Craig Smith
No Comments

A product deployment for TaxSlayer Pro Online will occur Tuesday, June 27th beginning at 5:00am ET to release the below update(s). Note that deployments may take up to 3 hours to complete. During this time, access to the program may be limited.

REVIEW REPORT (Enhancement)

Purpose:  track all returns that are using the built-in review process with the following information:

  • EFIN
  • Last Name
  • Last 4
  • Ready for review (date and time last marked as Ready for review)
  • Preparer
  • Current review status
  • Approved (Date and time last marked as approved)
  • Failed (Date and time last marked as failed)
  • Reviewer (username of person that marked as approved or failed)
  • Reason (displays the reason entered when marked as failed)

If the return is IRS rejected and it goes through the review process again, it will have multiple rows, otherwise, it just displays one row with the latest information

Message from VA DOR – System Error – Letters Generated in Error Asking for Schedules

26 Jun 23
Craig Smith
No Comments

Vendors received the below messaging from Virginia June 23rd.

Due to a Virginia Tax system issue, taxpayers who e-Filed Virginia Individual tax returns (760, 760PY, 763) between 5/23/23 and 6/9/23 may have received letters stating that they failed to provide required schedules (Schedule A, Schedule OSC, Schedule CR).  These letters were sent in error.  Your clients do not need to provide us with copies of any schedules submitted with their returns.  There may; however, be legitimate letters requesting missing attachments, other verification, etc..

For any additional questions, the taxpayer may reach out to our customer service at 804.367.8031

Note: Paper returns mailed in may also be impacted

We apologize for calls you may be receiving due to this issue.