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Tax extender late legislation check

UberSuave
Level 2

When tax extenders are approved, will Proseries notify us which returns need to be reviewed or amended? I have a few clients that would qualify for PMI deduction but it is not calculating and instead providing a late legislation worksheet with the box checked. How should I set up the return to notify me of passed legislation?


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Just-Lisa-Now-
Level 15
Level 15

There is a Late Legislation Worksheet that shows up in the list of forms (at the very bottom of the forms in use list in the left margin) in a clients file if you've entered items that may be extended.

I just put a sticky note in the client file for next year...if something happens to be extended, I'll amend then...like I did for the PMI in 2017.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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9 Replies 9
Just-Lisa-Now-
Level 15
Level 15

There is a Late Legislation Worksheet that shows up in the list of forms (at the very bottom of the forms in use list in the left margin) in a clients file if you've entered items that may be extended.

I just put a sticky note in the client file for next year...if something happens to be extended, I'll amend then...like I did for the PMI in 2017.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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garman22
Level 12
Level 12

You are assuming these items are extended? I highly doubt they will. But to answer your question, PS will not keep track. We will have to do so. 

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IRonMaN
Level 15
I'm assuming they will in fact be extended.  I am also assuming that I will win the lottery for half a billion dollars.  Which do you think is more likely? :wink::wink:
ACME Taxes, Tatoos, Tires and Turtles (I've expanded my line of products to better serve you)
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garman22
Level 12
Level 12
Im going to shoot for a half billion!! Im coming up to live in MN if thats the case. I'll happily become a Viking fan! :laughing::laughing:
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IRonMaN
Level 15
If that's the case, I'll spilt my winnings 50/50 with you. :+1::+1:
ACME Taxes, Tatoos, Tires and Turtles (I've expanded my line of products to better serve you)
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garman22
Level 12
Level 12
:moneybag: :moneybag: Wahoooooo!!!:moneybag: :moneybag:
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Marc-TaxMan
Level 8
Ironman will pay all the income taxes and then make a gift, and pay gift tax too???  Safe bet.
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IRonMaN
Level 15
Yes sir.  I am willing to spread the wealth.  Garman can reserve the moving van and start packing up tomorrow.  
ACME Taxes, Tatoos, Tires and Turtles (I've expanded my line of products to better serve you)
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garman22
Level 12
Level 12
Imma coming!!!
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