Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- Fiscal Year C Corp
Fiscal Year C Corp
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
cambyses - 10
Level 1
02-07-2024
01:31 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I e-filed an initial C Corp through 2022 Lacerte with fiscal year ending 10/31/22 and was accepted and there is no problem per IRS Practitioners line agent.
The issue is 2023 Lacerate INCORRECTLY shows year end 10/31/24
I have spoken ( 30 minute wait) with two Lacerte support individuals and could not resolve the issue.
Please Advise?
2 Comments 2
rbynaker
Level 13
02-07-2024
01:47 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You use the software for the start of the fiscal year. So 11/1/22 - 10/31/23 would be filed in the 2022 software. Some software can't handle a second filing in the same tax year and you have to file on paper. Not sure about Lacerte, they might be smart enough to take a second 2022 filing. I'm assuming your first partial year started and ended in 2022.
abctax55
Level 15
02-07-2024
01:54 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The initial return, if the Corp began in 2021/ended 2022 should have been filed using the 2021 software.
IF the Corp began in 2022 & ended 2022 (i.e. a short year) then 2022 software was correct.
And nope, Lacerte won't allow efiling two (same FEIN) using the 2022 software.
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
( Generic Comment )"
