2013 Enhancements for TaxPrep Software (Taxwise)

2013 Enhancements for TaxPrep Software (Taxwise)

New Menu Option for Program and Module Updates

• TaxWise has added two new menu options that allow you to download program and module updates without having to login to the Customer Support Site.

Latest News on TaxWise Home Page

• TaxWise created a new section on the Home Page that displays links to the latest news from the Customer Support Site. The Latest News puts important information right in front of you each time you visit the TaxWise Home Page.

Schedule Automatic Downloads of Program Updates

TaxWise now allows you to schedule the automatic download and installation of TaxWise Program Updates.

Integrated Refund Advantage


• Refund Advantage is no longer a third party bank. It is now fully integrated with the CCH SFS Electronic Filing Center processes.
• Check printing remains on the Refund Advantage system but all the data will flow into TaxWise


Changes to Extensions


• TaxWise now allows you to efile extensions without selecting the "Check here if using this form check box" on the extension forms. TaxWise will determine when to efile the form(s) based on the PIN check box(es) on the Main Information Sheet and state forms.



Expiration of E-Files
• Once an e-file has been created, you have 10 days to transmit it or TaxWise will display an Error 189 message during batching alerting you to recreate the e-file.
Section 508 Compliance
• TaxWise has implemented JAWS reader support needed for Section 508 compliance. This allows a screen reader to announce the fields and directions on screen to visually impaired preparers and is required for government contracts under the Americans with Disabilities Act.
1041 Returns Moved to MeF Platform
• Form 1041 returns now use the MeF platform instead of Legacy.
 
Form 5500 Allows Text Attachments
• In addition to PDF Attachments, Form 5500 returns now allow text (.txt) attachments due to agency requirements.
 
New Forms for tax year 2013
1040 Package
• Form 8959, Additional Medicare Tax
• Form 8960, Net Investment Income Tax
• Form 8967, Paid Preparer's Child Tax Credit Checklist
1065 Package
• Form 1065X, Amended Return or Administrative Adjustment Request (AAR)
1120S Package
• Form 1120S Schedule B-1, Information on Certain Shareholders of an S Corporation
• Form 1125-E, Compensation of Officers
1041 Package
• Form 8960, Net Investment Income Tax
 






Updated Return Query (F7)
TaxWise has updated the Return Query (F7) screen to show all refund solutions including Fee Collect and Fee Collect PS transactions and disbursements