IMPORTANT: You will need a 2020 Authorization Code starting with the letter 'D' BEFORE installing this update!
NEW:
- Corrections Importing
- A new type of corrections/adjustment import that allows for the user to specify the matching criteria and that allows for two-part corrections (i.e the ability to create TIN/Name/Tax State/Account Number corrections). (CS-2119)
- Matching Criteria Supported: Tax Record ID (unique identifier in the software), Account, Alternate Account, Unique Form Identifier (1042-S only), and Control Number (W-2 only).
- Existing "Simple Match" and "Advanced Match" methods were improved to support two part corrections. (CS-2119)
- Added in Preference setting module to enable/ disable. (CS-2891)
- Form Entry / Viewing
- Form 1099-NEC - Added Optional Text Lines 1 & 2. (CS-2838)
- These fields were previously available on the 1099-MISC and will be able to be printed on certain recipient form copies.
- Aggregation Toolbar - Added a bottom toolbar notification that tells the user whether aggregation is on/off for that specific tax year, filer, & form type. (CS-2209)
- Business Rules & Validations
- Form 1099-NEC - Rule R08 for box 1 with missing non-employee compensation amount. (CS-2848)
- Form 1099-PATR - Rule R03 for box 12 with missing amount but a credit type is selected. (CS-2817)
- PR Forms - Rule PR*03 for rejecting invalid recipient EINs. (CS-2655)
- Reprint Scheduler
- 2020 IRS/SSA Updates
- All final 2020 IRS PDFs & Instructions included.
- 2020 Sample Import files included. A complete set can also be found here - 2020 Tax Year - Import Templates and Maps. (CS-2887)
- 2020 Forms are now available. New forms and changes are listed below. Other forms, such as the 1099-MISC, 1099-NEC, and 1099-R were previously updated.
- 1099-PATR - Added 3 new credit types for box 12 "Other credits and deductions". (CS-2740)
- The biodiesel and renewable diesel fuels credit.
- The biofuel fuels credit (including second generation biofuel).
- The Indian employment credit.
- 1042-S - Chapter 3 Status Codes Updates for 2020. (CS-2806)
- Status codes 1, 2 and 34 have been deleted.
- Added status code 36: "Foreign Government - Integral Part"
- Added status code 37: "Foreign Government - Controlled Entity"
- Updated status code 19 to "International Organization"
- W-2 - Box 4 Social security tax withheld maximum amount increased.
- 2020 maximum amount is $8,537.40. (CS-2819)
- 2020 Federal Thresholds updated for tax forms: 1098-F, 1099-MISC, 1099-NEC, and 1099-PATR
UPDATED:
- Global
- Form 1099-MISC Box 7 Special processing was removed from all wizards (export, print, electronic IRS filing, electronic state filing, & Service Bureau). (CS-2843, CS-2905)
- This is because the 1099-MISC Box 7 was moved to the 1099-NEC on a new IRS tax form and was no longer applicable.
- Business Rules & Validations
- Form W-2 - Rule R03 updated for 2020 tax year amount limit. (CS-2789)
- Electronic Filing
- Puerto Rico (PR) - SSA User ID in Electronic Filing Submitter information for Puerto Rico is now only required for form 499-R2. (CS-1608)
- Puerto Rico (PR) - Updated all PR electronic filing sessions to appropriately total summary records across multiple sessions and to use the correct DocType codes (i.e O = Original, A=Adding). (CS-2777)
- State Filing
- Form W-2 - Arizona (AZ) State ID number to Employer EIN update (CS-2497)
- RS Record, Positions 298-307: Employer EIN (from RE Record)
- Scheduler
- Job Status descriptions were updated to be more descriptive. (CS-2815)
- Import Pre-Process (Unpacker): "Cancelled" → "Cancelled - No File Found"
- Service Bureau: "Failed" → "Cancelled - No Eligible Records"
- Added the file name to the email confirmations that are sent out with each job for: Import Load, Import Post, & Import Pre-Process (Unpacker). (CS-2217)
- Added the ability to include the Excel Error/Warning Report as part of the Scheduler email confirmations for both the Load & Post processes. (CS-1819)
- Fixed issue with Service Bureau jobs getting disabled when viewed & canceled (not saved). (CS-2742)
- General
- Extra Fields - 1099-MISC Oil & Gas Extra Fields and 1099-NEC Custom Amount Fields now support negative amounts for TY2020. (CS-2961)
- Custom Queries - The 1099-R custom query fields have been updated, for locality info, to generic names rather than specific box names. The new field names are "Locality", "Locality Income Amount", "Locality Withheld Amount". (CS-2922)
- This was done in order to try and make queries sustainable from year to year when the IRS renumbers the 1099-R.
- TIN Management
- When importing a 972CG penalty notice, for 1099-R tax forms, a "W-4P" form could be matched to instead of a W-9. It will now match to a W-9 only.
- Tech Support Tool
- Latest version v2020.08.01 included.
- Help File
FIXED:
- Security & Administration
- Form 1099-NEC - Custom field "Optional Amount 3" was linked to "Optional Checkbox 1" when trying to activate the field. (CS-2774)
- Importing
- TY2020 1099-MISC transactional imports, with the new Box 7 Checkbox, was not updating Box 7 correctly. (CS-2685)
- Exporting
- Exporting with zero amount forms filter was causing an error. (CS-2834)
- Form 1099-NEC - Optional text lines caused an Error when exporting for print and mail. (CS-2913)
- General
- Filer / Recipient Update - Typo on the window title (CS-2790)
- Print Wizard - 1098-F Copy A IRS deadline is now correct. (CS-2846)
- Printing
- Print/Mail Forms Myself - View Selected Forms page was not opening in Help Manual. (CS-2278)
- Form 5498
- Removed random text that appeared on the Pending Import Amount / Totals Report. (CS-2906)
- Copy B missing verbiage updates. (CS-2915)
- Form 1097-BTC - Combined Recipient Copy printout error (WMF Not Found!). (CS-2869)
- Form 1098-Q - Combined Recipient Copy printout error (WMF Not Found!). (CS-2878)
- Form 1099-INT - Copy B printout box 4 outline boldened. (CS-2883)
- Form 1099-R
- Copy B printout updated with appropriate re-sequenced box numbers. (CS-2805)
- Combined Recipient Copy printout fix for missing box numbers 12 and 13. (CS-2826)
- Form 1099-K - Blank stock Copy B corrected checkbox alignment fix. (CS-2870)
- Puerto Rico (PR) - Forms 480.6A, 480.6SP, 480.6G correction printout fixes for the misaligned amended date. (CS-2765)
- Form W-2G - Form Alignment Mode printout was missing Void check. (CS-2446)
- Form W-2 - Printout alignment fixes for Recipient Combined Copy, Horizontally Stacked and Boxed 2x2 (for when all fields were maxed out). (CS-2800, CS-2797)
- Reports
- Form 1099-K
- Extended Totals Report - Fixed a typo in the key for March. (CS-2872)
- Form 1099-NEC
- Withholding Manual Changes Report - Added ability to run the 1099-NEC report. (CS-2844)
- Form 1099-PATR
- Updated all reports for TY2020 box changes. (CS-2886)
- Form 1099-R
- "Unsupported Version 6: Code = 5" error fixed in:
- Amounts / Totals Report (CS-2867)
- Corrections / Late Add Report (CS-2893)
- Withholding Manual Changes (Excel) (CS-2895)
- Loaded Status, Amount Totals Report - IRA/SEP/Simple Indicator was not totaling correctly (CS-2923)
- Import Reports
- Now classifying "Multiple/Duplicate YTD Transactions" as a reject for report purposes (previously it would not show up as a rejected record). (CS-1819)
- Form W-2
- Custom report fields for all of box 12 had duplicates. (CS-2934)
