Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Form 8865: available on proconnect and what to do if not available?

Level 5

Does proconnect has form 8865? I searched and I cannot find it, but I just want to be sure. If this form is not available, then I have to fill in manually, and then file form 1040 with it by mail?

I could not find the average price on the form. How would that be compared with partnership form 1065?

Thanks a lot!

--
Click this link to vote. Like many good things in life, we have to fight for them.
Labels (1)
0 Cheers
1 Solution

Accepted Solutions
Level 15

Unfortunately, F.8865 is not available in any module for both Lacerte and ProConnect Tax.  Availability and status of forms can be found on this Intuit webpage: https://lfs.intuit.com/#/

In the meantime, you can also join the petition drive here.  Whatever is for Lacerte would generally be applicable to ProConnect Tax since they run off the same engine: https://proconnect.intuit.com/community/lacerte-tax-idea-exchange/form-8865/idi-p/123913

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post

4 Replies 4
Level 15

Unfortunately, F.8865 is not available in any module for both Lacerte and ProConnect Tax.  Availability and status of forms can be found on this Intuit webpage: https://lfs.intuit.com/#/

In the meantime, you can also join the petition drive here.  Whatever is for Lacerte would generally be applicable to ProConnect Tax since they run off the same engine: https://proconnect.intuit.com/community/lacerte-tax-idea-exchange/form-8865/idi-p/123913

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post

Level 5

@itonewbieThank you for answering my question. I am wondering if you have an answer for my other question. Sorry for the intrusiveness, but it is rare that a question left unanswered on this forum.

--
Click this link to vote. Like many good things in life, we have to fight for them.
0 Cheers
Level 15

NP, @puravidapto.  I only just noticed you're referring to preparation fees.  I wouldn't think 1065 is a fair comparison for a few reasons:

1) The number of schedules that may need to be completed differ depending on which categories your client belongs to;

2) Additional time and effort will likely be incurred for understanding, reviewing, and analyzing books and records kept in foreign standards; and

3) Translation from whatever FRS the foreign partnership uses to US GAAP may entail engagement of dual-practice accountants overseas.

---------------------------------------------------------------------------------
Still an AllStar
Level 5

@itonewbieThank you for answering the second question also in this post, it has good information. I did not mean to bother you with the preparation fee question, but the other question in a separate post in this link. It is more common situation as many people became nonresidents because they could not come back to the US due to COVID-19, what happened with their wages working outside of the US and capital gains?

--
Click this link to vote. Like many good things in life, we have to fight for them.
0 Cheers