Intuit's Lacerte product appears to be the first --- but the rest will soon follow.
I've talked to many practitioners over the past few weeks about this latest round of "rebates" (NOT!) and how they're informing their clients regarding what to expect. In as much as the tax compliance software has all the data required to calculate the expected "rebate" most practitioners believe it should do so --- and provide an easy way for them to so inform their clients. As of early this week only one of the software vendors had added that capability -- Intuit's Lacerte product. This is a nice accomplishment for a product that's struggled as of late. [Think last April 14th e-filing debacle or the untimely pull back of their tax document automation product.]
Now, to be fair there WAS an IRS "software industry" call held earlier this week to answer a few sticky process questions regarding e-filing for "rebate eligible non-filers" and many vendors wanted to answer those questions before issuing updates.
I polled some of the larger companies and have summarized their responses below:
| VENDOR | RESPONSE |
| Intuit | Lacerte - DONE / ProSeries - to come |
| Thomson | UltraTax & Go System Tax RS - to come |
| Drake | Drake - to come |
| CCH | no response to inquiry |
My advice to practitioners --- patience. You want both right & fast in your software updates. The latter is useless without the former!
gll
