Welcome to October 3, 2019, Release 11.3 of Intuit ProConnect Lacerte Program Version 39.1014.  Take the time to review the new features available in this program release.

For a complete list of Lacerte Scheduled Program Updates: 2018 Lacerte Release Availability and Dates.

Please Review the Following Informational Items:

IRS Expands Penalty Waiver From 85 Percent to Lowered 80 Percent

Announced Friday, March 22, 2019:  The Internal Revenue Service provided additional expanded penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The IRS is lowering to 80% the threshold required to qualify for this relief. Under the relief originally announced Jan. 16, the threshold was 85%. This 80% change is now available in Lacerte.

Please see Using the IRS Expands Penalty Waiver From 85 to Lowered 80 Percent Threshold for additional information.

Aggregation of Business Operations Section 1.199A-4

Lacerte now provides a way to aggregate business income discussed in Section 1.199A-4. This allows you to link business income activities and provide an explanatory statement. Multiple groupings may be created using this feature.

Please see Using the Lacerte Aggregation of Business Operations Section 1.199A-4 for additional information.

Improved Estimated Payments Wizard

Estimated Payment Wizard has been improved to support the transmission of multiple quarterly payments in one transmission. Beginning in Tax Year 2018 California Corporate and S-Corporate estimates are now available, along with Connecticut S-Corporate and Partnership available later this week Version 39.0328.

Please see Using the E-file Estimated Payment Wizard for additional information.

Lacerte Qualified Business Income (QBI) Resources

The information provided in the Qualified Business Income (QBI) Resources includes overall changes to Tax Year 2018 as well as the Simplified and Complex Worksheet details in Lacerte for Section 199A, program input details, calculation adjustments based on specific situations such as rental real estate, self-employment, etc. Also available in-product within the QBI input sections of the Individual module.

Please see 2018 Lacerte Qualified Business Income Resources for additional information.

Tax Reform Impact Button

Quickly access important product specific information within your workflow.

Please see New Tax Reform Impact Button for additional information.

Tax Reform Diagnostics

Additional Tax Reform specific diagnostics have been introduced.  These diagnostics will assist you in reviewing your tax returns as well as discussing any tax changes with your clients as you review the Tax Reform Impact Summary in Lacerte.

Please see Tax Reform Diagnostics in Lacerte for additional information.

Improved E-file Estimate Payment Wizard

Introducing the ability to transmit multiple quarterly payments in one transmission. Additional state estimate filings included for Tax Year 2018.

Please see Using the E-file Estimated Payment Wizard for additional information.

Improved ProConnect Entity Selection Calculator

Designed for you, the Tax Professional, to be able to evaluate the type of legal entity a business should consider, including the application of the Qualified Business Income (QBI) deduction.

Please see QBI Entity Selection Calculator for additional information.

Partner Import Management

Introducing the ability to quickly import Partner information from Excel and update it in Lacerte.

Please see Partner Data Import for additional information.

Partner Search

Introducing the ability to quickly and easily search through a long list of partners to update their information or provide a K-1 package.

Please see Partner Search Feature Introduced for additional information.

Lacerte Form Status Tool (LFS) - Tax Form Release Status

Lacerte will provide tax form status updates from within the product.  Here you will find the most up-to-date information conveniently located as a web link available on each tax form (when applicable).
Please see Get Updated Information on Tax Form Release Status for additional information.

Lacerte E-file Status - E-file Approval and Start Dates

Similar to the Lacerte Form Status Tool (LFS), the information provided will be updated in real-time once forms are available for e-file.

Please see 2018 Lacerte E-file Agency Approval and E-file Start Dates for additional information.

Lacerte Tax Year 2018 Tax Reform Information and Updates

This Live Community Announcement page is updated when new information becomes available as we transition into Tax Year 2018, and can be 'followed' to receive email notifications when new information is posted.

Please see Lacerte Tax Year 2018 Tax Reform Information and Updates for more details.

Tax Reform Impact Summary

For Tax year 2018, the Tax Reform Summary that was introduced for Tax Year 2017, will be upgraded. The Summary sheet will help preparers explain the differences between TY17 and TY18 taxes for clients. By being specific to the taxpayer situation, the Summary sheet will list out major differences that applied to the taxpayer with the 18 law changes

Please see Tax Reform Impact Summary for additional information.

Improved Mangement of Clear Client Log Program Option

Firm administrators can now see unauthorized personal tax work and use of Lacerte by staff.  This new feature offers more control over whether staff preparers can clear the Client Log or not.

Please see Using the Clear Client Log for additional information.

Unlimited City Returns Within a Single File

For Tax Year 2018 the ability to file an unlimited amount of cities in a single return for these four states has been introduced; Michigan, Ohio, Pennsylvania and Kentucky.

Please see Transmit Unlimited City Returns for additional information.

eSignature Plus Payments

eSignature now offers the option of utilizing the eSignature feature without prior payment.

Please see Intuit eSignature FAQs & Resource Guide for additional information.

Oil & Gas Data Management

Introducing the ability to quickly import Partner and/or Oil & Gas from Excel and update it in Lacerte.

Please see Oil & Gas Data Import for additional information.

2018 ProConnect Intuit Link Enhancements

Improved workflow makes it easier for you to focus on tasks that are critical and finish them faster.

Please see Tax Year 2018 ProConnect - Intuit Link Enhancements for additional information.

2018 New Forms, E-filing and 2D Barcode Returns

Improved workflow makes it easier for you to focus on tasks that are critical and finish them faster.

Please see 2018 New Forms, E-filing and 2D Barcode Returns for additional information.

New E-filing Types

More e-file options than ever before, with 62 new e-file capabilities

Please see New 2018 Introduces 62 New E-filing Types for additional information.

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