*Please refer to IRS instructions for full detail of 2020 changes (http://www.irs.gov/pub/irs-pdf/i1042s.pdf)
- Built in reports have been updated form the form changes.
- All default maps and sample import files have been updated for 2021.
- Print layouts for all copies have been updated for 2021.
- All help files have been updated for 2021.
- Chapter 3 Exemption
- 2020 Code: 02 Exempt under IRC (other than portfolio interest) → 2021 Code: 02 “Exempt under IRC”
- New Chapter 3 Exemption Code: 24 Exempt under section 892
IMPORTANT: Please review the following 2021 1042-S code changes and make any required changes to your data or imports.