Reminder : CBS Service for IRS Electronic Filing Begins 2-17-2020
REMINDER: Export your IRS forms to CBS beginning Monday, February 17, 2020 and no later than Friday, February 28, 2020.
Because your members may find errors in the IRS Forms that they receive from you, please DO NOT NOTIFY CBS that your IRS Forms are ready for submission to the IRS UNTIL February 17, 2020, and no later than February 28th, 2020, and you have ensured that all your IRS Forms are correct.
Click here for the information on the IRS Tax Forms for 2019. On page 5 of the document, it states the following concerning exporting IRS Forms for CBS to upload to the IRS.
Do not perform these tax data exporting procedures until:
- The CAMS-ii year-end batch processing has been completed.
- Any/all applicable IRS tax data proof listing reports have been reviewed for accuracy.
- Any/all applicable maintenance to the members IRS tax data has been completed.
- Any/all IRS tax forms have been processed (i.e. printed and/or sent electronically)
delivered to the members, and any necessary corrected tax forms have been processed. - February 17th or after… Do not export your IRS files any sooner than February 17th.
Please contact CBS Support with any questions concerning this posting.
Updated CAMS-ii Year-End Checklist
We have updated the CAMS-ii Year-End to help you perform the Yearly Balance and Bring Forward (B&BF) in the correct order. For when you perform the BB&F, it clears the previous year's closing financial statements, making them unavailable to you.
Therefore, we strongly advise you to ensure that you create and keep copies of your previous-year financial statements—for 2019 in this case—BEFORE you run the Yearly B&BF.
The attached checklist includes the addition of a warning for Step 7 on the last page, page 6.
Click here to access the latest CAMS-ii Year-End Checklist.
Note: This checklist has also been updated on the **Revised** Year-End Road Map announcement.