Release Notes

This is a maintenance release that addresses issues reported for earlier releases.

UPDATED: This release contains the latest updates to all IRS and state filing specifications, including handling of the January reinstatement of the form 1098 Mortgage Insurance Premium.

The IRS Publication 1220, electronic filing specifications, have been updated to add the new box 4 amount code specifically for mortgage insurance premiums.  This 1099 Pro Enterprise release is updated to scan the free form box 4 for the words MIP followed by an amount to report it in the new box 4 position of the electronic file. 

Example: To report $1425.15 of mortgage insurance premiums paid by the borrower in 2014 enter "MIP 1425.15" into the first line of box 4 of form 1098 for tax year 2014.

For large volume filers, this change should be made on the 1098 import file(s) before importing into the 1099 Pro software. In the example, "MIP 1425.15" should be mapped to "Box 4 All Lines"

FIXED: N11C page issue has been resolved.

 

Download v2014.12.30

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