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Release Notes
The 1099 Pro Service Bureau will not include the 1099-NEC as part of the Combined Federal State Filing Program (CF/SF). To complete 1099-NEC state filing via the Service Bureau, you must purchase the additional 1099-NEC state filing service (details here).
Many states that implemented their own 1099-NEC filing mandates are still requiring state direct filing instead of allowing filers to use the IRS CF/SF Program. This is because most states have already built their reporting portals and direct reporting provides the data to states earlier in the year which is a critical tool in combating tax fraud.
New and improved:
- For the 1099-NEC, we updated CFS filing exception verbiage in the Service Bureau. (ASP-714)
- Tax year 2021 preliminary forms are available.
- We updated the 1099-MISC in accordance with the finalized IRS 2022 version.
- We updated the 1098 in accordance with the finalized IRS 2022 version.
- The 1098-Q Rule R06 amount increased to $135,000 for TY2020 and later. (ASP-717)
- R06 - Box 3 > $135,000
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