Discussion:EIC - Automatic Due Diligence is No Longer Automatic

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Discussion Forum Index --> Business Growth Community --> EIC - Automatic Due Diligence is No Longer Automatic


Deback (talk|edits) said:

January 12, 2007
Last year, when checking the box on form 8867 to automatically fill in the paid preparer's earned income credit checklist, the program (ProSeries Pro) did what it was asked to do and automatically filled in the blanks on that form. This year, after checking this box on Form 8867, I then had to answer five questions (two questions in Part II for the two qualifying children and three questions in Part IV) that didn't get answered by telling the program to automatically fill in the checklist.

I had already entered the full birthdates for the three dependents, and I had already checked the box to automatically assign a PIN and had entered today's date for the date I entered the PIN.

10 extra, unnecessary entries this year for a return that used to take five minutes to enter the W-2 and print.

I'm working on my first tax return, and I'm more than just a "little" frustrated.

JR1 (talk|edits) said:

January 12, 2007
crud. Glad I don't have too many of these...but a shop like D&T's...another big aggravation. Wonder if some IRS rule changed that.

Deback (talk|edits) said:

January 12, 2007
But I do like that it's so easy to upgrade products (beginning last year, I believe). I just clicked on Upgrade and the Michigan program was quickly installed. Yippee! (Thought I had to wait until the 16th, but I've noticed that releases are sometimes available using the Upgrade function from within the program earlier than the release date indicated by Intuit.)

Deback (talk|edits) said:

January 12, 2007
That's what I was wondering, JR. It doesn't make sense that Intuit would make this change for no reason. In this rural area I live in, I have quite a few EICs.

Deback (talk|edits) said:

January 12, 2007
Oh, great! Now I'm in the Michigan program for the same taxpayer and have to enter my PIN! But Lansing is included in this Michigan release, so why am I more frustrated than I was ten minutes ago?

Deback (talk|edits) said:

January 12, 2007
Reading the help for why I had to enter my PIN, I discovered this is a "new feature" for the third-party designee for the cities. Wonderful.... So, if my PIN is 11111 for the Federal, why doesn't ProSeries just use the same 11111 for the cities?

Death&Taxes (talk|edits) said:

12 January 2007
Every morning at 8:30 mine goes into an upgrade search....last year with dial up I did it manually but with cable modem I let the software do the work. DZ, the handsome guy by the water in CA, has all the clients and must be who JR is thinking about, or as we say back in Philly, "Ya talkin 'bout me". I doubt I did more than 5 EIC returns last year.


Functionality is what bothers me. I have perhaps 10 clients with multiple Publicly Traded Partnerships (one has 32 of them). To refresh memories, a loss from an individual PTP can only be deducted against gains from that same PTP, which usually means a loss in one year must wait until a gain year in the same partnership. But sometimes you get a situation where Line 1, K-1 shows a $300 gain and line 2 has a $400 loss, meaning income for Sch E is zero, EXCEPT that when you enter the numbers on the K-1 worksheet, you get an error message that a separate K-1 worksheet must be filled in for Line 2. This would be fine if the software realized that the two worksheets were the same partnership, but what you will find is a $300 gain on Sch E, with nothing about the loss. If you ignore the error message to do it right, you cannot Efile. Certainly the software should be able to recognize that the E.I # is the same......but it doesn't, just as I remarked about birthdates....lack of functionality. I have a list of several of these maddening ways our software works.

Deback (talk|edits) said:

January 16, 2007
One change in ProSeries Pro that I really like is in the "Forms in Use", over at the left in a client's file, where you'll see "X errors" in red. I can click the red text and go directly to the missing info, instead of hitting Ctrl-E and clicking on each item in the error-checking screen. This is a great new addition by Intuit and will be a big time-saver!

Death&Taxes (talk|edits) said:

16 January 2007
One thing I just noticed this year while doing an 8825 for a partnership with rental property. Income consisted of rent, and the tenants' payments for utilities. This year those payments exceeded the amount paid out, but when I try to enter a minus 66 on the utility expense line I get a message that the number must be greater than zero. Oddly I tried this on a Schedule E and there was no problem. I do agree that is neat, though sometimes I am sure I will wonder what the error is about.

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