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When will E-signatures be available for business returns?

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Level 1
last updated ‎January 29, 2020 9:26 PM
 
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Level 15
last updated ‎January 29, 2020 9:26 PM

I believe that decision is up to the IRS.

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Level 15
last updated ‎January 29, 2020 9:26 PM

It is available in PTO now.  Intuit stated the other day here that it's in the works for Lacerte (perhaps also PS) but there's no ETA.

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Level 15
last updated ‎January 29, 2020 9:26 PM

That's good to know; perhaps by next year for the other programs.

Interesting that PTO got it first 😉

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Level 15
last updated ‎January 29, 2020 9:26 PM

Hot off the presses release just today...

Lacerte & PS will go live on 2.4.2020 for esignatures (Partnerhships & S-Corps).   C-Corps on 2.13.20

 

Former Chump... umm.... AllStar.
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Highlighted
Level 15
last updated ‎January 29, 2020 9:26 PM

@abctax55 wrote:

Hot off the presses release just today...

Lacerte & PS will go live on 2.4.2020 for esignatures (Partnerhships & S-Corps).   C-Corps on 2.13.20

 


But you bet there'll still be questions whether you can... 😁

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Still an AllStar
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Level 1
last updated ‎January 29, 2020 9:26 PM

Don't bother.  Forms have to be printed to pdf, then manually attached.  Same with client copy.  Not at all the same product as the 1040 version

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Level 1
last updated ‎January 29, 2020 9:26 PM

Yes, Very dissappointed.  Not ready for prime time. It's actually dangerous to use because of all the manual manipulation involved one could accidentally upload the wrong information to a client.  Good side, the 1040 E-Signature is awesome!

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Level 15
last updated ‎January 29, 2020 9:26 PM

E-signature for business forms is live but don't bother because Intuit has apparently jumped the gun ahead of the IRS issuing any new guidance.

When I followed up on my previous query about IRS guidelines not having been changed, Intuit now says those who use the new E signature for entity returns should "make sure you are aware of IRS guidelines and use at your own discretion".

Here's what I posted on Intuit's PTO FB group when they first announced the impending rollout of E signature for entity returns:

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<Name of FB user redacted> I don't recall the announcement has anything new about e-signature being available to business returns. What is new is that Link can be used for business returns going forward.

In fact, DocuSign may not have restricted the use of e-signature on F.8879 for entity returns. However, IRS does not recognize the use of signature on these returns at this point. The code accords the IRS authority to determine the acceptable form of signature and the IRS has been very judicious largely due to the risk of signer disavowing the signature based on their explanations in various memos. Using an electronic signature against IRS' guidance may present a compliance risk.

Pub 3415 of 2014 also shed light on another of their concerns and there has not been anything new AFAIK:

E‐signature options for business returns
Similar to the individual return process, paid preparers can use Form 8879 to verify their clients’ identity for business returns.

In contrast to the individual return process, the e‐signature method for self‐filed business returns is more cumbersome. In Recommendation 1, ETAAC identifies the complicated nature of this process as a barrier to e‐filing for small business.

To gain proper context for the distinction, it is important to understand that even though business and entity returns are filed on behalf of an organization, an individual acting as corporate officer or responsible party is still responsible for signing the return and asserting under penalty of perjury that
the information is complete and accurate to the best of the individual’s capacity.

When the IRS began accepting business returns electronically, the only authentication factors available for identity verification were the prior‐year AGI or the prior‐year total tax amounts for an individual, such as the corporate officer or responsible party. Because business returns are often seen by more than one individual, privacy concerns arise by placing one individual’s personal information on a business return.

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