How will a return be submitted electronically using CORPORATE
Pro?
CORPORATE Pro has a menu item that
will check the entire return for any Business Rules the IRS requires
for a successful submission. Beyond the business rule check, there
will be a single button that will allow you to generate the XML
file, which will be used to store all your tax return data electronically.
Once the XML file is created, it will then be uploaded to our
website, at which point we will submit the file to the IRS for
review. We will inform you of the status of your return as soon
as we receive notification from the IRS.
How does CORPORATE Pro
ensure that data is formatted properly in the return?
CORPORATE Pro has Business Rule
Review Diagnostics, which checks your return against every business
rule the IRS has produced. Business rules are pre-submission considerations
the IRS requires to ensure that all data is properly formatted.
Therefore, we have enhanced CORPORATE Pro's
diagnostic feature to check returns against every business
rule with the click of one button to ensure that we have checked
all requirements prior to submission.
How will attachments be
handled for E-Filing?
CORPORATE Pro allows the attachment
of physical files to your return. E-Filing allows for these attachments
to be included in the transmission; however, IRS requires them
to be in PDF format. No problem. CORPORATE
Pro attaches a PDF version of your data to the return so
it can be submitted to the IRS.
Where can I find information related to E-File
implementation for software developers?
You can review Publication 4162 on the IRS website, www.irs.gov.
It provides all the requirements a software vendor must adhere
to in order to be an approved software provider for E-File.
Do I need to register with the IRS to electronically
file my returns with CORPORATE Pro?
Since you will be using CORPORATE Pro
to prepare the XML file for electronic transmission, the pressure
is taken off of you as a tax preparer to apply with the IRS. TaxSation
will actually be responsible for communicating electronically
with the IRS to determine that your return is accepted, and we
will be your approved E-File vendor. When you file your return
in future years, you will be able to use a self-defined PIN that
will enable you to electronically sign your returns; however,
the IRS does not provide this feature for the 1120 returns filed
in tax year 2005. Therefore, we will provide you with Form 8453-C,
which will be submitted as your signature on the return. Beyond
those steps, TaxSation will be responsible for the electronic
transmission of your file, and providing you acknowledgement once
the IRS has received and approved your return.
Will I be able to pay my tax balance via the
CORPORATE Pro E-File feature?
The CORPORATE Pro E-File implementation
will support "electronic funds transfer" which
is a method of payment that the IRS uses which utilizes a routing
number, account
number, account type and amount.
If our group of companies files a consolidated
return and the consolidation includes insurance returns, how does
CORPORATE Pro handle the insurance
returns?
Currently, the IRS does not have any XML specifications for filing
insurance returns. Insurance returns are not required to be E-Filed
until the 2006 tax year returns are due. They will, however, be
required to be submitted as supporting documentation for a consolidated
return that has insurance subsidiaries. In that case, the subsidiary
insurance returns will be attached to the XML file as a PDF document.
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