Release Notes

This is the original early release for tax year 2016.

You Must FILE and deliver your 1099-MISC forms by Tuesday 1/31/2017 if you are reporting Box 7 Non-Employee Compensation.

 

NEW:

  • All 2016 tax forms and instructions have been updated with IRS changes.
  • All business rules and custom queries have been updated for 2016 form fields.
  • All 2016 sample import files and Excel data shells have been added.
  • Import speed enhancements.
  • The speed of resetting a filed session has been improved.
  • All help files have been updated for 2016.

FORM CHANGES:

  • 1098
    • New Boxes 6-10
  • 1098-T
    • Box 3 and 7 descriptions updated for 2016.
  • 1099-B
    • Box 1F updated to amount field
    • Box 2 checkbox
    • Added FATCA checkbox
    • Box descriptions updated for 2016.
  • 1099-INT
    • Box 12 added
  • 1099-OID
    • Box 10 added
    • Boxes renumbered for 2016.
  • 1099-R
    • Added FATCA checkbox
  • 1096
    • 1099-K 10 moved
    • 2 additional checkboxes added to 2nd row for 1099-QA 1a and 5498-QA 2a
    • Field 7 checkbox now determined by NEC in Box 7 of 1099-MISC form.

 

Download v2016.07.25 Full (Professional)   Download v2016.07.25 Full (Enterprise)

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