Quarterly Express Plus Software Update for TY2024 Q3

Form 941-X now available in Quarterly Express Plus v6.3.x

The latest version of Quarterly Express Plus was released on 10/6/2024 and contains the following new forms:


  1. Form 941-X Amended Quarterly Return
  2. Form 940 Amended Yearly Return
  3. Form 943-X Amended Yearly Return
  4. Form 945-X Amended Yearly Return
  5. Form 7208 Excise Tax on Repurchased Stock


These forms are allowed for e-file by the IRS with some restrictions. Form 941-X is only allowed for e-file if the original return was for TY2024 or later. Forms 940, 943-X and 945-X are valid if the original return was for TY2023 and later. Form 7208 was added due to new legislation and is valid on TY2024 Q3 720's and beyond.



Contact us at support@qexplus.com or 1-877-854-0100 if you have questions or need more detail.

How to create amended tax returns in Quarterly Express Plus

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


Contact us at support@qexplus.com or 1-877-854-0100 if you have questions or need more information.

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.

Using Quarterly Express Plus to File your 1099's Direct to the IRS


Our Quarterly Express Plus software has the capability to file your 1099's directly to the IRIS system using their A2A Interface. There are a few requirements that are needed to submit data directly to the IRS. They are listed below:


  • An ACA-IRIS Transmit License for Quarterly Express Plus which is $399.95 per year with no transmission fees.
  • A valid digital certificate
  • A valid TCC from IRIS
  • A valid Client ID from the IRS e-Services System
  • A valid username from the IRS Consent App
  • This license allows you to direct file using A2A to IRIS.



Use Quarterly Express Plus to file your ACA Returns Direct to the IRS

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If you have your own AIR TCC and want to file returns directly to the IRS, you need the following requirements:


  • A valid AIR TCC which is in production.
  • If your AIR TCC is not in production, you can use Quarterly Express Plus to submit your test so you can be switched over.
  • Our ACA-IRIS Direct Transmitter License
  • Please note that this license is used to generate the XML to be submitted directly to the IRS using the UI channel.




Contact us at support@qexplus.com or 877-854-0100 for more details.

Use Quarterly Express Plus to file your ACA Returns Direct to the IRS

If you have your own AIR TCC and want to file returns directly to the IRS, you need the following requirements:


  • A valid AIR TCC which is in production.
  • If your AIR TCC is not in production, you can use Quarterly Express Plus to submit your test so you can be switched over.
  • Our ACA-IRIS Direct Transmitter License
  • Please note that this license is used to generate the XML to be submitted directly to the IRS using the UI channel.




Contact us at support@qexplus.com or 877-854-0100 for more details.

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