Release Notes

Note: This is the early release for tax year 2023.

New and improved:

  • We updated all 2023 tax forms and instructions with IRS changes.
  • We updated all business rules and custom queries for 2023 form fields.
  • We added all 2023 sample import files and Excel data shells.
  • We updated all reports for 2023 tax form changes.
  • We updated all help files for 2023.

Form changes:

  • 1099-K
    • The reporting threshold has been lowered from $20,000 to $600 in payments, with no transaction limit. This change was signaled last tax year but was deferred, it will be in effect for tax year 2023.
  • 1099-PATR
    • The Continuous Use and instructions have been updated to remove references to specific years.
    • Box 12 has been updated to include sustainable aviation fuel mixture credit.
  • Form 5498
    • The tax year has been updated on the form and instructions.
    • For Box 1, the threshold to report IRA contributions other than amounts reported in specified boxes has increased from amounts exceeding $6,000 for individuals under 50 and $7,000 for participants 50 or older - to - $6,500 for individuals under 50 and $7,500 for participants 50 or older.
    • For more details, read the 2023 Instructions.

Download v2023.08.25

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