What's New in Lacerte 2018

Tax reform: Rest assured that we’ve got you covered.

[UPDATE] Access free resources designed to help you quickly become a go-to expert on the Tax Cuts and Jobs Act and the impact of tax law changes. We’re here for you with training, tools and answers to help you get fully up-to-speed so you can advise your clients with complete confidence.

Enhancements inside your Lacerte software include:

• Updated Tax Reform Impact Summary that summarizes changes in clients’ tax year 2018 returns due to tax reform. The printable summary sheet helps you easily show clients the impact of specific tax law changes. Learn More
• 1040 update that seamlessly handles the new postcard-sized return and six additional schedules, without changing your workflow, so input remains completely familiar.
• [UPDATE] Built-in tax reform diagnostics that help you see potential tax reform-driven changes while you prepare a client’s return. Now you get more than 20 diagnostics to specifically address tax law changes. Plus, get quick links, in context, to applicable tax information as you need it.
• [UPDATE] Tax Reform Impact button that lets you view pertinent tax reform info with just a click as you work through a return. Convenient buttons placed throughout your workflow make it easy to get the info you need, when you need it.
• Updated forms and calculations within Lacerte to address changes to the tax code.
• [UPDATE] Tax Reform Resource Center that is now searchable inside Lacerte with a click. Simply go to the Lacerte help menu to find tools, calculators and other dedicated tax-reform resources all in one place at your fingertips.
  Go to the Tax Reform Resource Center now

Enhancements beyond the software include:

• [UPDATE] QBI Entity Selection Calculator that helps you uncover maximum deductions for qualified business income (QBI) by simply entering client scenarios.
  Use the calculator
• Extended customer service hours in-season, so you get live help when you need it.
• [UPDATE] TaxPro Communitywhere you can get tax reform answers from experts and other tax pros like you on our dedicated online community. Plus, browse hundreds of topics specifically related to tax reform.
  Go to the TaxPro Community
• Free webinars that go beyond product changes to also cover complex portions of the tax reform.
  Register to attend

My Account: Stay in-the-know with enhanced alerts.

See critical notifications at a glance, right inside My Account. The new alerts symbol at the top of My Account lets you know when you need to take action, so you don’t have to waste time on the phone or sifting through emails to make sure you’re up-to-date. Get notifications for things like expiring payment info, upcoming auto renewal, software updates and more. We’ll make sure you have the information you need to help keep your practice running smoothly. Go to My Account

Security: Gain peace of mind with extra layers to help safeguard your data.

Enhanced data encryption. Lacerte for tax year 2018 will include an additional level of data encryption to help further protect your data. This enhancement will require updates to your non-Intuit custom and third-party programs. To help ensure that all of your programs work smoothly with the new Lacerte software, it is important that you take the steps detailed in the article below. Read the article and take steps now

Data security tips. Get important tips inside Lacerte to help you deploy strong security measures and learn the signs of data theft, so you can help keep your clients’ data — and your own business — safe. Learn more

Customer care: Save time with new phone-support options.

Avoid the wait with two new features focused on getting you the help you need, fast, without disrupting your work.

Hold my spot. No more waiting on hold or listening to hold music. Simply call in and choose the call-back option to hold your place in line. When it’s your turn, we’ll call you.

Enhanced self-help system. Access enhanced help features right inside your software, without leaving your workflow. Features include help articles and FAQs, peer community answers, and tips at common points of need.

Join the discussion in our Accountants Community to post questions and get answers from experts and people like you. Learn more

[UPDATE] New Intuit Marketing Hub: Tap into free resources to fuel your growth.

Introducing our new Marketing Hub for tax and accounting pros. It’s full of guides, templates and other resources to market your unique business, connect with your clients and take your practice to the next level. Visit your free Marketing Hub now >

Software features: Get even more to help you work fast and work right.

Take advantage of these top eleven enhancements — all driven by your feedback on what matters most to you.

Tax Reform Impact Summary & Tax Reform Diagnostic

• Tax Reform Impact Summary — This feature, which was introduced for tax year 2017, will be upgraded for tax year 2018. The Summary sheet will be specific to each client’s situation so you can easily show them a comparison and explain the impact of the 2018 law changes that are relevant to them. Learn more
• Tax Reform Diagnostics — New tax reform related diagnostics help you easily pinpoint potential changes to a specific client’s situation while preparing the return. Helpful links from the individual diagnostics make it easy for you to get more information applicable to the tax topic.

Qualified Business Income simplification

New IRS forms, worksheets and calculations for the new QBI deduction will help you minimize your clients’ taxes. Learn more

Quarterly payment estimates in one step

Support e-filing for four quarterly estimated payments in just one transmission step for key states — all with the improved estimated payment wizard designed to bring you more efficiency than ever before. Learn more

Partner and Oil & Gas data management

Quickly import Partner and Oil & Gas data from Excel and update it in Lacerte. Accelerate the process from weeks to minutes in most cases.
Learn more about Partner data import
Learn more about Oil & Gas data import

Partner Search acceleration

Use the new, improved search function to save time on complex partnership returns. Instantly find a partner so you can update their information or provide a K-1 package with ease. Learn more

Client log access controls

Give firm administrators the ability to decide which staff members have access rights to clear client logs. Gain more control to help avoid unauthorized use of your firm’s Lacerte software. Learn more

Link enhancements

New features let you quickly track each client’s recent activity inside Link, plus update info on their behalf. Guided tours help you make the most of new functionality. Learn more

Unlimited cities in one return (Applies to MI, OH, PA and KY)

Save time with the ability to file a single return with an unlimited number of cities for these four states: Michigan, Ohio, Pennsylvania and Kentucky. No need to file multiple returns for clients who cover more than 22 cities in these key states — now you have a one-and-done solution. Learn more

eSignature Plus Payments flexibility

Offer even more convenience with eSignature Plus Payments by allowing your clients to e-sign and pay separately, in the order they choose. Your clients will receive two emails — one for eSignature and one for payment — so they no longer will be required to pay first before they can e-sign. Learn more

[UPDATE] Screen sharing with support specialists

Resolve questions faster when you connect with our customer care team by allowing them to see your screen in real-time. Intuit SmartLook^™ technology is now built into Lacerte to bring you one-click access to video and screen sharing, so you can quickly get the answers you need.

[UPDATE] Pay-by-Refund with identity theft protection

Pay-by-Refund now automatically includes identity-theft protection to help you bring more peace of mind to your clients. Your clients who choose this enhanced offering simply incur a $59.90 fee that is drawn from their refund, along with your tax prep fees. There continues to be no cost to you.
Learn more

New forms: Get the forms you need to complete even the toughest returns

[UPDATE] Take advantage of over 218 new forms across 25 states and federal, plus 2D capability for Connecticut and Georgia Corporate and S-Corporation returns.

Federal (24 Forms)

• Individual, Fiduciary, Corporate, S-Corporation, & Partnership:
  • Form 8990 - Limit on Business Interest Expense
• Individual, Corporate, S-Corporation, & Partnership:
  • 8994 - Employer Credit for Paid Family and Medical Leave
• Individual, Fiduciary, & Exempt:
  • Form 461 - Limitation on Business Losses
• Individual:
  • Schedule 1 (Form 1040) - Additional Income and Adjustments to Income, both print and e-file capability
  • Schedule 2 (Form 1040) - Tax, both print and e-file capability
  • Schedule 3 (Form 1040) - Nonrefundable Credits, both print and e-file capability
  • Schedule 4 (Form 1040) - Other Taxes, both print and e-file capability
  • Schedule 5 (Form 1040) - Other Payments and Refundable Credits, both print and e-file capability
  • Schedule 6 (Form 1040) - Foreign Address and Third Party Designee, both print and e-file capability
• Corporate:
  • Form 8991, Tax on Base Erosion Payments of TPs w/ Sub. Gross Rcp
  • Form 8992, US Shareholder Calculation of GILTI
  • Form 8993, Section 250 Deduction for FDII and GILTI
• S-Corporation:
  • Form 8827, Credit for Prior Year Minimum Tax—Corporations
• Partnership:
  • Form 1065 - Schedule B-2 Election Out of the Centralized Partnership Audit Regime, both print and e-file capability
  • Form 8878-A IRS e-file Electronic Funds Withdrawal Authorization for Form 7004

Alabama (3 Forms)

• Individual:
  • Schedule DS & HOF, Dependents Schedule and Head of Family Schedule, both print and e-file capability
  • Schedule HTC, Historic Tax Rehabilitation Credit, both print and e-file capability
  • Schedule RC, Refundable Credit, both print and e-file capability

Arkansas (4 Forms)

• Individual:
  • Form AR2106, Employee Business Expenses, both print and e-file capability
  • Form AR4684, Casualties and Thefts, both print and e-file capability
  • Form 3903, Moving Expenses, both print and e-file capability
  • Form AR1000EC, Early Childhood Certification, both print and e-file capability

[UPDATE] Connecticut (7 Forms)

• Individual, Corporate & Fiduciary:
  • Schedule CT-PE Pass-Through Entity Tax Credit, both print and e-file capability
• S-Corporation, & Partnership:
  • Schedule CT-AB Alternative Base Calculation, both print and e-file capability
  • Schedule CT-AB Alternative Base Calculation Supplemental Attachment, both print and e-file capability
• Corporate & S-Corporation:
  • 2D Barcode Mandate for Print Returns

District of Columbia (2 Forms)

• Individual:
  • Schedule ELC, Early Learning Tax Credit, both print and e-file capability
  • Form DC-8379, Injured Spouse Allocation, both print and e-file capability

Georgia (33 Forms)

• Individual, Fiduciary, Corporate, S-Corporation, & Partnership:
  • Form IT-CCC-100, Tax Credit for Cost of Qualified Child Care Property, both print and e-file capability
• Individual, Corporate, S-Corporation, & Partnership:
  • Form IT-QJ 2017, Quality Jobs Tax Credit, both print and e-file capability
• Corporate, S-Corporation, & Partnership:
  • Form IT-REIT, Captive Real Estate Investment Trust, both print and e-file capability
  • Form IT-Addback Related Member Intangible Expenses and Costs and Interest Expenses and Costs, both print and e-file capability
  • Form IT-RC 2009 Retraining Tax Credit, both print and e-file capability
  • Form IT-RD 2009 Research Tax Credit, both print and e-file capability
  • Form IT-IC, Investment Tax Credit, both print and e-file capability
  • Form IT-QPJ, Qualified Parolee Jobs Tax Credit, both print and e-file capability
  • Form IT-RZ, Rural Zone Tax Credits, both print and e-file capability
• Corporate & S-Corporation:
  • Form 600UET, Underpayment of Estimated Tax by Corporations, both print and e-file capability
  • 2D Barcode Mandate for Print Returns
• Individual:
  • Form 5347, Deceased Taxpayer Refund Check Claim Form

[UPDATE] Hawaii (1 Form)

• Individual:
  • Form N-356 - Earned Income Tax Credit, print capability

Indiana (3 Forms)

• Individual:
  • Schedule 4, Other Taxes, both print and e-file capability
  • Schedule E / IN-PRO, Other Taxes, both print and e-file capability
• Corporate:
  • Schedule IT-20FSD, Foreign Source Dividend Deduction, both print and e-file capability

[UPDATE] Iowa (14 Forms)

• Individual, Fiduciary, Corporate, S-Corporation, & Partnership:
  • Form IA 8824, Like-Kind Exchange Worksheet, print capability
  • IA Nonconformity Adjustments Worksheet, print capability
• Individual & Fiduciary:
  • Form IA 4684, Personal Use Casualty and Theft Worksheet, print capability
• Individual:
  • Form IA 2106, Employee Business Expenses Worksheet, print capability
  • Form IA 3903, Moving Expenses Worksheet, print capability

Kentucky (8 Forms)

• Individual, Fiduciary, Corporate, S-Corporation, & Partnership:
  • Schedule INV - Inventory Tax Credit, both print and e-file capability
• Individual:
  • Individual - Schedule ITC, Tax Credit Schedule, both print and e-file capability
• Corporate:
  • Schedule RC - Recycling Credit, both print and e-file capability
  • Schedule UTC - Unemployment Tax Credit, both print and e-file capability

[UPDATE] Maine (7 Forms)

• Individual:
  • 1040ME Other Tax Credits, both print and e-file capability
  • 1040ME Schedule 1 Income Modifications - Other Additions, both print and e-file capability
  • 1040ME Schedule 1 Income Modifications - Other Subtractions, both print and e-file capability
• Individual, Fiduciary, & Corporate:
  • 1040ME Employer Credit for Family and Medical Leave Worksheet, both print and e-file capability

Maryland (1 Form)

• Individual:
  • IND PV Payment Voucher, both print and e-file capability

Massachusetts (4 Forms)

• Individual, Corporate, S-Corporation, & Partnership:
  • Schedule FCI - Foreign Corporation Income of US Shareholder

Michigan (4 Forms)

• Fiduciary:
  • Form 5595, Excess Business Loss, both print and e-file capability
  • Form 5606, Excess Business Loss Continuation Schedule, both print and e-file capability
  • Form 8453-PE, Estate or Trust Declaration for e-file, both print and e-file capability
  • Form 1041V, Fiduciary Income Tax e-file Payment Voucher, both print and e-file capability

[UPDATE] Minnesota (20 Forms)

• Individual, Fiduciary, Corporate, S-Corporation, & Partnership:
  • Schedule LK, Like-Kind Exchanges, both print and e-file capability
• Individual & Fiduciary:
  • Schedule KFNC, Federal Adjustments, both print and e-file capability
• Individual & S-Corporation:
  • Schedule KSNC, Federal Adjustments, both print and e-file capability
• Individual & Partnership:
  • Schedule KPINC, Federal Adjustments, both print and e-file capability
• Individual:
  • Schedule M1CAT, Casualty and Theft, both print and e-file capability
  • Schedule M1SA, Minnesota Itemized Deductions, both print and e-file capability
  • Schedule M1MOVE, Moving Expenses, both print and e-file capability
  • Schedule M1UE, Unreimbursed Employee Business Expenses, both print and e-file capability
• Fiduciary:
  • Schedule M2NC, Federal Adjustments, both print and e-file capability
• Corporation:
  • Schedule M4NC, Federal Adjustments, both print and e-file capability
  • Form M4R, Minnesota Business Activity Report, print capability
  • Form M4NP NOL - Net Operating Loss Deduction, print capability
• Partnership:
  • Schedule KPCNC, Federal Adjustments, both print and e-file capability

New Hampshire (5 Forms)

• Individual, Fiduciary, Corporate, S-Corporation, & Partnership:
  • Schedule IV, Other Internal Revenue Code Reconciling Adjustments

[UPDATE] New Jersey (2 Forms)

• Individual:
  • Schedule COJ - Credit for Tax Paid to Other Jurisdiction, both print and e-file capability
  • Schedule DOP - Net Gains or Income from Disposition of Property, both print and e-file capability

New York (16 Forms)

• Corporate & S-Corporation:
  • Form CT-648, Life Sciences Research & Development Tax Credit, both print and e-file capability
  • Form CT-649, Farm Donations to Food Pantries Credit, both print and e-file capability
  • Form CT-650, Empire State Apprenticeship Tax Credit, both print and e-file capability
• Individual, Fiduciary, & Partnership:
  • Form IT-648, Life Sciences Research & Development Tax Credit, both print and e-file capability
  • Form IT-649, Farm Donations to Food Pantries Credit, both print and e-file capability
  • Form IT-650, Empire State Apprenticeship Tax Credit, both print and e-file capability
• Individual:
  • Form IT 196, New York Resident, Nonresident, and Part-Year Resident Itemized Deductions, both print and e-file capability

[UPDATE] Ohio (3 Forms)

• Individual:
  • Healthcare Expense Worksheet
  • Lump sum Worksheet
  • Form IT NRS – Ohio Nonresident Statement, print

Oregon (4 Forms)

• Individual:
  • Schedule A, Oregon Itemized Deductions, both print and e-file capability
  • Oregon Statewide Transit Individual Tax Return, print capability
  • Oregon Statewide Transit Individual Tax Payment Voucher, print capability
• Fiduciary:
  • Schedule OR-ASC-FID, Oregon Adjustments for Form OR-41 Filers, both print and e-file capability

Rhode Island (1 Form)

• Individual:
  • Exemption Schedule for RI-1040 & RI-1040NR

South Carolina (5 Forms)

• Individual, Fiduciary, Corporate, S-Corporation, & Partnership:
  • Form I-385, Gas Tax Refundable Credit, print capability

[UPDATE] Tennessee (2 Forms)

• Fiduciary & Corporate:
  • Form RV-1406501, Report of Debts, print capability

[UPDATE] Virginia (9 Forms)

• Individual:
  • Schedule A - Itemized Deductions, both print and e-file capability
  • Schedule ADJS Schedule ADJS/CG, both print and e-file capability
  • Schedule PY ADJS, both print and e-file capability
• Corporate:
  • Schedule AP, Modified Apportionment Schedule for VEDP, both print and e-file capability
  • Schedule 500ADJS Corporation Income Tax Supplemental Schedule of Adjustments, both print and e-file capability
• S-Corporation, & Partnership:
  • Schedule SVK-1 Virginia Pass-Through Entity Supplemental Schedule of Owner's Share of Virginia Modifications
  • Schedule 502ADJS Pass-Through Entity Supplemental Schedule of Adjustments, both print and e-file capability

[UPDATE] Wisconsin (23 Forms)

• Individual, Fiduciary, Corporate, S-Corporation, & Partnership:
  • Schedule EIT - Electronics and Information Technology Manufacturing Zone Credit, both print and e-file capability
  • Schedule LI - Wisconsin Low-Income Housing Tax Credit, both print and e-file capability
• Individual, Corporate, S-Corporation, & Partnership:
  • Schedule ES - Employee College Savings Account Contribution Credit, both print and e-file capability
• Corporate, S-Corporation, & Partnership:
  • Schedule AR - Explanation of Amended Return, both print and e-file capability
• Individual & Fiduciary:
  • Schedule NOL 1 - Wisconsin Net Operating Loss Deduction, both print and e-file capability
  • Schedule NOL 2 - Wisconsin Modified Taxable Income and Net Operating Loss Deduction, both print and e-file capability
  • Schedule NOL 3 - Record of 2018 Wisconsin NOL Carryback and Carryforward of Losses, both print and e-file capability

[UPDATE] West Virginia (10 Forms)

• Fiduciary:
  • IT-141V Fiduciary Income Tax Electronic Payment Voucher
• Corporate:
  • Schedule 1 Separate Entity Filer West Virginia Corporations Wholly in WV, both print and e-file capability
  • Schedule 2 Separate Entity Filer with Multistate Activity, both print and e-file capability
  • Schedule K-1C - WV Partner/Shareholder/Member/Beneficiary for Corporations Subject to Corporate Income Tax, both print and e-file capability
• S-Corporation & Partnership:
  • Schedule B Modifications to Federal S Corporation and Partnership Income, both print and e-file capability
  • Schedule C Reportable Entities & Schedule of Tax Payments, both print and e-file capability
  • Schedule K-1 Schedule of WV Partner/Shareholder/Member/Beneficiary Income, Loss, Modification, Credits and Withholding, both print and e-file capability

Note: Forms information above is as of December 31, 2018.

[UPDATE] New e-filing types: Tap into 64 new e-file capabilities.

Get more e-file options than ever before with these new additions.

10 new returns with e-file capability:

• Idaho Fiduciary
• Indiana Partnership
• Kentucky Corporate
• Louisiana Partnership
• Michigan Fiduciary
• New Hampshire Partnership
• North Carolina Partnership
• Oregon Fiduciary
• Philadelphia Corporate City (BIRT)
• Utah Fiduciary

[UPDATE] 5 new “stand alone” returns with e-file capability:

• New Hampshire Individual - BT Summary
• New Hampshire Partnership - DP-10
• New York Individual IT-214
• New York Individual NYC-208
• New York Individual NYC-210

24 new extensions with e-file capability:

• Arkansas Individual
• Arkansas Corporate
• Arkansas S-Corporation
• Arkansas Partnership
• Delaware Individual
• District of Columbia Individual
• Illinois Corporate
• Illinois S-Corporation
• Illinois Partnership
• Illinois Fiduciary
• Kentucky Individual
• Kentucky Corporate
• Mississippi Corporate
• Mississippi S-Corporation
• Mississippi Partnership
• North Carolina Corporate
• North Carolina S-Corporation
• North Carolina Partnership
• Utah Fiduciary
• Vermont Individual
• Vermont Corporate
• Vermont S-Corporation
• Vermont Partnership
• Vermont Fiduciary

13 new estimates with e-file capability:

• California Corporate
• California S-Corporation
• Connecticut Partnership
• Connecticut S-Corporation
• Illinois Individual
• Illinois Corporate
• Minnesota Individual
• Minnesota Corporate
• Minnesota S-Corporation
• Minnesota Partnership
• Minnesota Fiduciary
• New Jersey Individual
• New York City Fiduciary

[UPDATE] 12 new amended returns with e-file capability:

• California Individual
• Georgia Individual
• Georgia Fiduciary
• Idaho Fiduciary
• Michigan Fiduciary
• New Jersey Individual
• New York City Individual
• North Carolina Partnership
• Wisconsin Individual
• Wisconsin Fiduciary PW-1
• Wisconsin S-Corporation PW-1
• Wisconsin Partnership PW-1

Note: e-file capability information above is as of December 31, 2018.