CCH Software News - Partnership, Corporation, S Corporation, Fiduciary, Exempt Organization (990-T) (1065/1120/1120S/1041/990)

  • Article Type:
  • Documentation
  • Last Modified:
  • 04/08/2021

Objectives

Document the CCH Software News email distributed to CCH Axcess™ Tax and CCH® ProSystem fx® Tax customers on April 7th, 2021.

Environment

CCH® ProSystem fx® Tax
CCH Axcess™ Tax
1120 Corporation
1120S - S Corporation
1041 - Fiduciary
1040 - Individual
990 - Exempt Organization
706 / 709 - Estate and Trust

Details

Dear CCH Customer:

Please read the following carefully, as it contains helpful information regarding the upcoming filing deadline.

Customers who plan to submit returns or extensions for electronic filing should be aware of the deadlines below to ensure timely filing.

CCH must process your returns or extensions before midnight (CDT) on Thursday, April 15, 2021. However, due to the time involved in transmitting to the IRS during times of higher volume, we recommend that you release your returns for transmission no later than 9:00 PM CDT on Thursday, April 15, 2021.

Important: Linked state returns are not transmitted until the IRS acknowledgement is returned for the federal return. Because certain states no longer honor the vendor timestamp as the state transmission time, we further recommend that you release your state returns for transmission separately from the federal return, particularly if you are not going to be able to get the full return filed by 9:00 PM CDT. This allows the state return to transmit without the return of the federal acknowledgement. The easiest way to submit the state return separately from the federal return is to uncheck the federal return on the export window.

Rejected Returns/Extensions

If the IRS rejects any of your returns or extensions, you are given an additional amount of time to correct and resubmit as follows:
  • Fiduciary, Corporation, Exempt Organization 990-T (401(a) and Other Trust) - A corrected extension must be submitted no later than midnight (CDT), five calendar days from the date of the original rejection. A corrected return must be retransmitted no later than midnight (CDT), 10 calendar days from the date of the original rejection to be considered timely filed.
For Partnership returns, the following states do not conform to the IRS 10-day perfection period based on information received:
  • Connecticut rejected returns and extensions - Connecticut allows five business days to resubmit rejected returns and extensions and obtain approval.
  • Maryland and North Carolina rejected returns - These states allow five calendar days to resubmit rejected returns and obtain approval.
  • New York rejected returns and extensions - New York allows seven calendar days to resubmit rejected returns and extensions and obtain approval.
  • Pennsylvania Form PA-20S/65 and Virginia rejected returns - These states have no defined perfection period. They must be filed and approved by the due date to be considered timely.
  • Tennessee rejected returns and extensions - Tennessee does not have a defined perfection period. They must be filed and approved by the due date to be considered timely.
For Corporation and S Corporation returns, the following states do not conform to the IRS 10-day perfection period based on information received:
  • Alaska and Alaska Consolidated rejected returns - Alaska does not have a defined perfection period for rejected returns. They must be filed and approved by the due date to be considered timely.
  • Connecticut rejected returns and extensions - Connecticut allows five business days to resubmit rejected returns and extensions and obtain approval.
  • Virginia and West Virginia rejected returns - These states do not have a defined perfection period for rejected returns. They must be filed and approved by the due date to be considered timely.
  • Maryland, North Carolina, and Vermont rejected returns - These states allow five calendar days to resubmit rejected returns and obtain approval.
  • New York rejected returns and extensions - New York allows seven calendar days to resubmit rejected returns and extensions and obtain approval.
  • Pennsylvania rejected returns - Pennsylvania Corporation Form RCT-101 and S Corporation Form PA-20S/65 have no perfection period for rejected returns. Returns must be filed and approved by the due date to be considered timely filed.
  • Tennessee rejected returns and extensions - Tennessee does not have a defined perfection period. Returns must be filed and approved by the due date to be considered timely.

Paper Returns

If the IRS rejects any of your returns or extensions, the return does not fall into an e-file mandate, and you choose to file a paper return or extension, then the deadlines are as follows:
  • Fiduciary - A paper return or extension must be filed by the latter of the following: the due date of the return or 10 calendar days after the date the electronic portion was rejected. For example, a return rejected on Thursday, April 15, 2021, would be due Sunday, April 25, 2021, if filing by paper.
  • Corporation and Exempt Organization 990-T(401(a) and Other Trust) - The paper return must be postmarked by the latter of the following: the due date of the return (including extensions) or 10 calendar days after the date the IRS last gave notification that the return was rejected.
Sincerely,

Wolters Kluwer Tax & Accounting, North America
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