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Release Notes

This is the early release for tax year 2021.


NEW:

  • All 2021 tax forms and instructions have been updated with IRS changes.
  • All business rules and custom queries have been updated for 2021 form fields.
  • All 2021 sample import files and Excel data shells have been added.
  • All reports have been updated for 2021 tax form changes.
  • All help files have been updated for 2021.


FORM CHANGES:

  • Form 1099-DIV:
    • New Box 2e (Section 897 ordinary dividends)
    • New Box 2f (Section 897 capital gain)
  • Form 1099-MISC:
    • Form Title is now Miscellaneous Income
    • New Box 11 (Fish purchased for resale)
  • Form 1099-NEC:
    • New Box 2 Checkbox (Payer made direct sales totaling $5,000 or more of consumer products to recipient for resale)
    • Removed FATCA Checkbox
    • Form resized so now it can fit up to 3 per page
  • Form 1099-PATR:
    • Expiration of certain credits reported in Box 12
      • The Indian Employment Credit
      • Second Generation Biofuel Producer credits
      • The Production Credit for Indian Coal Facilities
  • Form W-2G:
    • 2020 Box 11 First I.D.  → 2021 Box 11 First identification
    • 2020 Box 12 Second I.D.  → 2021 Box 12 Second identification




Download v2021.09.05

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