Filing Deadline for Calendar Year Corporation and S Corporation Returns and Extensions is March 15, 2010

The IRS filing deadline for calendar year Corporation and S Corporation returns and extensions for tax year 2009 is March 15, 2010. Timely e-filing of returns/extensions must be transmitted to the Intuit Electronic Filing Center by 11:59 p.m. on March 15, 2010, in the ERO's time zone.

Electronically filed returns that are timely filed and rejected can be corrected and retransmitted by the later of the due date of the return or 10 calendar days from the date the rejection was issued by the IRS. (Starting with the 2010 processing year, the perfection period changed from 20 days to 10 days.) For more information, please view the KB Article.

Top Reasons ProSeries Users Contact Support

Click the links below to find answers to popular questions ProSeries users ask this time of year.

• E-File Status Not Updating
• Error Code 1132: Schedule M
• Error Code 0541: Form 1040/1040A
• Entering Qualified Education Expenses
• Installing ProSeries on a New Computer

Have a question that doesn't appear in this newsletter? Visit ProSeries Online Support to search our knowledge base, ask IVA, browse FAQs, view hot topics, and much more.

Schedule K Equivalent for a Connecticut Partnership and S Corporation is Calculating Incorrectly

Connecticut: Schedule K Equivalent for a Connecticut Partnership and S Corporation is calculating incorrectly. It is not allowing the full federal bonus depreciation deduction.

This situation is corrected in ProSeries/1065 and ProSeries/1120S updates that became available online on March 3, 2010. Download and install these updates, if you have not already done so. For more information, please view the KB Article.

Frequently Asked Questions IRS Letters and Visits to Return Preparers - 2010 Filing Season

The IRS has issued new answers to frequently asked questions (FAQs) about IRS's current return preparer compliance campaign involving 10,000 "reminder" letters and "thousands" of in-person follow-up visits. The letters and visits have stirred controversy because they coincide with the busiest time of year for preparers. The new FAQs also provide tax return preparers with general pointers on their due diligence requirements. For more information, please visit the IRS Web site.

Avoiding Phishing Scams and Spoofed Sites

On the Internet, "phishing" refers to criminal activity that attempts to fraudulently obtain sensitive information, according to Wikipedia.org.

There are several ways a scam artist will try to obtain your Social Security number, driver's license, credit card or bank account number. To protect yourself from email scams, click here for more information and steps you can take to safeguard your computer and personal information.

If you suspect you have received a phishing email related to Intuit, please forward the email to spoof@intuit.com, then delete the email.

If you suspect you have received a phishing email related to the IRS, please visit the IRS Web site for more information.

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