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In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
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- ProSeries Won't Support Form 7203?
ProSeries Won't Support Form 7203?
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TaxGuyBill
Level 15
12-10-2021
10:09 AM
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The first article was just updated a few minutes ago, and the second article was updated yesterday. They BOTH say that ProSeries does NOT support Basis limitations.
Does that mean that ProSeries won't support the new Form 7203? Or are the people who "updated" the support articles completely clueless and didn't actually read the article that they updated?
https://www.irs.gov/pub/irs-dft/f7203--dft.pdf
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IRonMaN
Level 15
12-10-2021
01:28 PM
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This gets complicated. Somehow they need to get the Update Team, the Article Team, the Form Team, and the Clueless Team all into the same room to hash that out. Hopefully the Room Team is available so that they can find a place to meet.
Slava Ukraini!
