Efile
What's the difference between efile and paper filing?
One is submitted electronically online, the other is printed and mailed directly to the state or IRS.
What does EFE stand for?
Electronic Filing Engine.
What type of extensions are there?
Business and individual.
True or False Estimates are exactly what is owed in taxes the following year?
False. They are estimated and my be subject to under/over payment
What is an amended return?
A corrected copy of the original return to replace the originally submitted return.
How do you mark a return for efile?
Part VI of the info worksheet under both federal and state selections.
Where do you locate the EFE tool?
Located under agent tools in salesforce.
How can you verify an extension has been submitted for efile?
In the EF homebase it will have its own line as efiled accepted or pending.
How many installments are involved with filing estimated taxes due?
4 quarters.
What form is used to amend an individual return?
The form 1040X
How do you mark a state for efile?
After marking in the federal return, switch to the state return, and it will automatically flow over
What 2 pieces of info are used to use the EFE?
EFIN and the last 4 of the clients' social.
What is the deadline for individual extensions?
October 15th
What form is used for estimated tax payments?
1040-ES
When amending an individual return, what is the first step you should take?
Select file and save as with the file name + original.
What's it called if the IRS sends the return back to the preparer and not accepted?
An IRS rejection. (Bonus points if you can tell me where to locate the reason for the rejection)
Can you look up the clients' full social in EFE as a P1?
NO. (Bonus points if you can name the exception)
What is the deadline for Partnerships and Corporation returns, with an extension?
September 15th
True or False, you cannot efile estimated payments.
False (bonus points if you can explain how to file estimated tax payments)
Should you begin amending the file labeled original or the original file?
In the original file, not labeled as original.
True or false, you can efile the same return multiple times.
False once submitted it is gone for processing and will result in a rejection for duplicate submission.(bonus points if you can explain what would need to be done if the preparer needed to correct the return and re-efile)
What should you do if EFE is not opening for you?
Reach out to a SME and dm info for them to verify the status of the return
What is form 4868 used for?
Its the application for an extension of time to file the return.
True or False you can file all 4 quarters of estimated taxes at once.
False they have to be efiled separately and only 1 at a time will show in the EF center.
How do you resolve the duplicate SSN error in EF center after creating an amended return?
Going to the file labeled original and unmarking both federal and state for efile.