Level 15

Question

Direct Deposit for Amended Returns 2021

Forum|Forum|3 years ago
February 10, 2023
7 replies
30 views

@1569 @IntuitLisaI @Intuitjhaze

Is there ANY chance Lacerte will implement this change for the 2021 software?

Thanks

*************************

Just announced:

New IRS features allows taxpayers electronically filing amended returns to choose direct deposit to speed refunds

In the latest improvement for taxpayers, the IRS announced that people electronically filing their Form 1040-X, Amended U.S Individual Income Tax Return, will for the first time be able to select direct deposit for any resulting refund.

Lacerte Tax

This topic has been closed for replies.

IRonMaN

Level 15

I'm sure they are already working on it 😀

Slava Ukraini!

abctax55Author

Level 15

The IRS released this information yesterday.

I am "EXTREMELY" disappointed that the software is not yet updated. For what I pay for this software...yada, yada, yada 🤣🤣

HumanKind... Be Both

IRonMaN

Level 15

You can tell when someone has been around this place for awhile 😁

Slava Ukraini!

T

TaxGuyBill

Level 15

@abctax55 wrote:

Is there ANY chance Lacerte will implement this change for the 2021 software?

I'm thinking you should first ask if there is ANY chance they will implement it in the 2022 software. 😂

abctax55Author

Level 15

Oh, Bill.... thanks for the laugh.

You're right, but as I don't HAVE any 2022 returns that need amending (yet, that I know of...) I'm not as interested.

HumanKind... Be Both

Intuitjhaze

Level 5

@abctax55 we will reach out to the product team to see if we have plans to update. Stay tuned.

loricpa100

Level 5

I tried to follow this string - and do not see the "solution" - will this be added to 2021? I did an amended return a couple of weeks ago and it was not available. Perhaps now? Have a client with a much larger refund to come and it would be wonderful to have. Did Intuit ever get back that it would indeed develop?

abctax55Author

Level 15

There is no 'solution', yet:

.... we will reach out to the product team to see if we have plans to update. Stay tuned."

In Intuit-speak that means don't call us, we'll call you. I don't expect this to be implemented for 2021 until after filing season if at all.

HumanKind... Be Both

abctax55Author

Level 15

Now ain't THIS interesting ?!?!

@Intuitjhaze @1569

It appears that again Lacerte is left in the dust.

**************

The IRS recently announced they are now allowing direct deposit for electronically filed Forms 1040-X, and Drake Software^® was ready on day one. Drake Tax^® users DO NOT have to wait for a program update to provide direct-deposit services to clients filing amended returns.

HumanKind... Be Both

IRonMaN

Level 15

But folks pay big bucks for Drake so they expect those kinda things. 😜

Slava Ukraini!

IRonMaN

Level 15

@abctax55 It was nice that BettyJo decided that your question has been solved, especially since you asked about 2021 🤔 🤔

Slava Ukraini!

abctax55Author

Level 15

I sent her a thank you note.... /S

And it wasn't BettyJo it was @Intuitjhaze - and s/he got the 'solve" .... how is THAT fair??? Cuts into my free points to buy from the Intuit Christmas catalog.

HumanKind... Be Both

IRonMaN

Level 15

My notifications thingy says BettyJo accepted a solution. I guess they think we haven't been around long enough to know how to mark something as a solution or else they don't think we are bright enough to figure out if our question has been answered........................................ or the number of solutions on the forum hasn't hit its quota for the week yet so they had to help it along.

Slava Ukraini!

G

gwen4114

Level 3

This is an old thread, but the issue hasn't been fixed in Lacerte. Why do we still get the critical warning message that the amended can't be filed with direct deposit? The IRS allowed this months ago, but Lacerte hasn't fixed it yet?

abctax55Author

Level 15

@gwen4114

The IRS just announced it 3 weeks ago, not months ago.

I would 'love' to see 2021 updated for this, but just pointing out the facts.

Lacerte "DID" get it going for 2022 returns.

HumanKind... Be Both

A

Anonymous

We heard that the TY21 release yesterday included the direct deposit functionality for amended Federal 1040X filings. Hope this helps!!

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