Quarterly Express Plus PY2025 Software Update

Quarterly Express Plus Software Update for PY2025

Quarterly Express Plus v6.4.x is now available for use.

The latest version of Quarterly Express Plus was released on 1/4/2025 and contains the following new forms and features:

All Annual TY2024 Payroll returns are in this version.
Updated IRIS Support for new forms which are (1097-BTC, 1098, 1098-C, 1098-E, 1098-F, 1098-Q, 1098-T, 3921, 3922, 5498, 5498-SA, 5498-ESA and W2G) We also added support for TY2022 along with TY2023 and TY2024.
Updated TY2025 information for Payroll and Excise Returns
Updated TY2024 ACA support.
MeF Toolkit update for A2A users (mandatory update)
Continued support for TY2024 Quarterly Returns.
Continued support for Amended Returns (941-X,940,943-X and 945-X)
Added Single Return Batch functionality for certain licensed users.

IRS will start accepting returns for MeF on 1/15/2025

The IRS has informed all e-File Providers that the Modernized e-File System or MeF will be available for use for Business returns on 1/15/2025. They typically shut the system down in December in order to perform their system updates to support Business and Individual returns in the upcoming processing year. During this outage, no e-file provider with direct access will be able to file returns. Customers who use our software in an indirect fashion, can continue to submit returns however please consider that you will not receive any status information until the system becomes active again.

IRIS (1099s) and AIR (ACA Returns) which are separate systems from MeF are expected to be available for use on 1/10 and 1/13 respectively.

Credit Card Payment Policy change including a late payment surcharge

Over the past few years, we have had a few challenges related to customers who pay with credit card and delayed payments for e-file services.

Starting January 1, 2025, if you are paying your transmission fees via credit card, we ask that you pay for your submissions daily.

Once you transmit the return(s) the product is automatically sent to the cart. If you are filing multiple returns, each one will be sent to the cart and at the end of the day or as you finish filing for that day you will be prompted to pay for those transmissions.

By making this change, it will allow us to more quickly confirm payment and complete processing of returns. If credit card customers don't follow this policy, it may cause delays in the processing of your return(s).

In addition, starting on January 1, 2025, any balance that has not been satisfied within 30 days of the invoice date or date of service will be subject to an additional 15% late payment surcharge. This surcharge will be levied regardless of the method of payment used during submission.

Amended Returns now supported for Payroll Returns

Our software now supports amended returns, but you won't find these return options in the main create return menu section. Since these returns are based off of a previously submitted return, you need to go to that return in the left pane and right click on it to create an Amended Return. The option will be available for 941's created for TY2024 and later, 940's, 943's, and 945's for TY2023 and later. Earlier returns are not eligible for e-file and cannot be currently created in our software.

Once you have created the return, you will see that column 3 will be populated with the entries from the original return. In most returns, you will simply modify column 2 with the adjusted amount and the rest of the form will be calculated. If this return contains a Schedule R, or 8974 input, those options will not be editable on column 2, but you will have to go to the actual schedule to make those necessary changes which will feed into column 2.

Once all changes are made, the adjusted amount will be shown and if it is a balance due within the IRS payment guidelines, you can pay it during the submission. This payment must be completed using bank information (checking or savings account). The IRS currently does not accept credit card payments within the e-file system.

IRS Payment Guidelines:

Form 941, 943, 945 - Payments can be submitted if balance due is under or equal to $2500.00
Form 940 - Payments can be submitted if balance due is under or equal to $500.00

File your 1099's and ACA Returns Indirectly using Quarterly Express Plus

Our Quarterly Express Plus software has the capability to file your 1099's and 1094/1095's indirectly through Lewis Software to the IRS. If you are a licensed user of our software, you can manually create 1099's and 1094's/1095

s and submit them for e-file without any changes to your license. Business Taxpayers and ERO's can import FIRE formatted files by adding the ACA-IRIS Import License. Reporting Agents and PEO, already have import capability included in their license and automatically have that capability. Filing fees are charged per EIN, but we also allow for volume discounts. The fee schedule is shown below:

Pricing for Indirect Information Return Filing

Pricing is batched per EIN(Issuer and submission)

1. 0-10 ACA or 1099's - $3.50 per return

2. 11-25 ACA or 1099's - 8 percent discount

3. 26-50 ACA or 1099's - 15 percent discount

4. 51-200 ACA or 1099's - 25 percent discount

5. 201-500 ACA or 1099's - 30 percent discount

6. 500 ACA or 1099's or more - 40 percent discount

e-File Form 720 for Repurchase of Corporate Stock

We have added Form 7208 to our software that allows support of the excise tax for repurchase of corporate stock. This tax was brought into existence by the Inflation Reduction Act of 2022 and can be filed with returns beginning in Q3 of 2024. Once you have created a Form 720 return, use the navigation arrows to go to the last sheet to the right and complete the information as needed. The result of the form will show up on the Form 720 for IRS Num 150 in Part II.

Quarterly Express Plus Web Site

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