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1NTTC/NTC ERO Training 2010

ERO TRAINING

Modernized eFile (MeF)


What’s Is MeF

MeF is a new system for the processing of efiles by the IRS.

TaxWise 2010 will begin phasing in Modernized eFile (MeF) in the 2011 filing season.

MeF is real time, individual return processing vs. batching the returns for processing.



TaxWise 2010 will use both Modernized eFile (MeF) and legacy processing in the 2011 filing season.

TW 2010 will automatically pick the processing system based on the forms used in each return.



Forms that Modernized eFile (MeF) will process in the 2011

Returns with a Form not on this list will be processed by the legacy system



Modernized eFile (MeF) uses a Submission ID that is created when the efile is created, rather than a DCN. A new Submission ID when the new efile is

created.

Either a Submission IDs or DCN will print on the Form 8879 when return is prepared.

There will be a new eFile Submission Report that will list both Submission IDs and DCNs


MeF Advantages Faster acknowledgements

From the IRS - 5 to 10 minutes From TaxWise when processing is

completed usually within an hour

Specific explanation of errors (rejected returns)

MeF allows attachments in pdf


MeF Advantages Prior year returns

MeF will eventually accept returns from two prior year, but not this season.

Amended ReturnsWill accept amended returns next season Tax Year 2011.

Ability to eFile State returns when a Fed Return is not required


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