1099 Pro CS 2020.xx

Release Notes

NEW:

UPDATED:

Federal Thresholds:
- 1099-PATR: Updated the Box 12 threshold from $.01 to $10 in accordance with IRS General Instructions.
State Thresholds:
- 1099-PATR: Updated all state thresholds in accordance with IRS form changes.
- 1099-MISC: Updated all state thresholds in accordance with IRS form changes.
- 1099-NEC: Added new state thresholds based off of previous 1099-MISC states' thresholds (Box 7, State Income, State Tax Withheld).
- Alabama (AL) - Updated W-2G Box 1 & Box 7 to the $1500 threshold.
- Arizona (AZ) - Added 1099-S threshold to match federal thresholds.
  - Note: AZ now requires direct reporting of the 1099-S tax form.
- District of Columbia (DC) - Updated 1099-NEC Box 1 threshold to $600.
- Illinois (IL) - Updated 1099-K thresholds to greater than $1000 & 4 transactions.