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8990 not final?

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Level 2

Lacerte gives me a critical diagnostic (ref #0)  that form 8990 is in draft form.

Yet the IRS released 8990 and its instructions last December, and the IRS site shows nothing about any pending changes.

Can I still e-file with this critical error?  Will the IRS accept it?  I just was on hold with Lacerte support for 59 minutes with just music...L

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Level 15

Nope...the critical diag is still there.

BUT, I was able to disable efile errors & get the return to validate.  

I can't actually efile it until I get back to the office.

Former Chump... umm.... AllStar.
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Level 15

"Yet the IRS released 8990 and its instructions last December"

But there was a little change called the CARES Act that changed F 8990.  

THAT change hasn't yet been implemented, by the IRS and therefore, by Intuit.

Whether you can override that diag & still file is unknown.   I may try tomorrow; I have a return with a measly $ 160 that this issues is holding up the fiing.

Former Chump... umm.... AllStar.
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Level 15

I just found this... maybe it's a work-around?

https://proconnect.intuit.com/community/business-tax-credits-and-deductions/help/generating-form-899...

Former Chump... umm.... AllStar.
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Highlighted
Level 15

Nope...the critical diag is still there.

BUT, I was able to disable efile errors & get the return to validate.  

I can't actually efile it until I get back to the office.

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches

View solution in original post

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Level 2

Thanks.  In my case, the excess  business interest (all $300) came in from a partnership K-1, and I was under the impression that partnerships weren't impacted by this CARES act provision.  

Please let me know about whether the e-filing works (and the return is accepted by the IRS) with errors disabled.  My client's return is 93 pages - that's a lot to mail!

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Level 15

Will do... mine's is flowing from a partnership too.  And it's probably 220 pages, plus three states.  AND she always owes, and wants the payment directly debited.  

I so do NOT want to paper file this one 😂

Former Chump... umm.... AllStar.
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Level 2

Using today's Lacerte version, I was able to suppress the critical diagnostic, and e-file.  The e-file was accepted by the IRS.  So I guess this is a workaround!

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Level 15

I'm just now rebooting to check.

Former Chump... umm.... AllStar.
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Level 15

Pretty crappy, low-end way to "fix" it.... but I'll take it !!

Former Chump... umm.... AllStar.
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