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Ohio Deferred comp returns

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@taxman1 taxman.. do you do any returns with 1099s from Ohio Deferred Comp.. the returns are being rejected due to problem with the EIN.

ProSeries Professional

rbynakerAnswer

Level 13

Update: https://www.ohio457.org/home

"The IRS unexpectedly merged two separate Payer’s Tax Identification Numbers (TIN) used by Ohio DC. Form 1099-Rs were originally issued with an inactive TIN. Per the IRS, Ohio DC participants should file their taxes using an updated Payer’s TIN. A revised Form 1099-R containing the updated Payer’s TIN has been posted to your online account. If you are not enrolled in eDelivery, a revised Form 1099-R will be mailed."

Unverified from another source: "The correct one is 31-1224569."

taxman1

Level 5

Not yet with deferred comp. But we have some coming. Is it saying wrong ein ? So far the biggest issue I see is remembering to enter 1099R taxable amount in the state taxable field on 1099R screen. Never had to in the past, but now you do in order for school district returns to go through. State goes through without it, but schools get rejected. 🙄

Jim-from-Ohio

Author

Intuit Community Champion

@taxman1 yep.. hard reject. I went to the Ohio Deferred Comp website and they have this banner on their page:

ALERT:

Due to an error in the IRS database that processes Federal tax returns, the IRS is unable to validate Ohio DC’s tax identification number. This could affect your ability to file your taxes. We are in daily contact with the IRS to advocate for the fastest resolution possible.

PATAX

Level 12

@Jim-from-Ohio can your client mail it in? may be easier.

rbynakerAnswer

Level 13

Update: https://www.ohio457.org/home

"The IRS unexpectedly merged two separate Payer’s Tax Identification Numbers (TIN) used by Ohio DC. Form 1099-Rs were originally issued with an inactive TIN. Per the IRS, Ohio DC participants should file their taxes using an updated Payer’s TIN. A revised Form 1099-R containing the updated Payer’s TIN has been posted to your online account. If you are not enrolled in eDelivery, a revised Form 1099-R will be mailed."

Unverified from another source: "The correct one is 31-1224569."

Jim-from-Ohio

Author

Intuit Community Champion

thanks! I am going to re-transmit with that EIN.

Jim-from-Ohio

Author

Intuit Community Champion

update.. I used that new EIN and the return got accepted. thank you.

T

Tomrzz77

Level 2

Yes - state of Ohio knew nothing early in the week when I called - now there is info regarding 2 fed ID#s being merged - came out of nowhere, right! Advised client to check for revised 1099-R on ODC site.

G

GreekLady1960

Level 2

Use the old EIN for Ohio Deferred Comp. It will work. I just filed a return that I had the same issue on. The old EIN for Ohio Deferred Comp is 31-1284478

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