Note: Your software must be on at least v2021.15.18 to apply this update.
Important - Tax Year 2022 is locked off for Electronic Filing and Service Bureau Uploads.
- You will need a 2022 Authorization Code starting with the letter "F" before installing this update.
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New and improved:
Form changes:
- 1099-DIV
- Box 11 (FATCA checkbox)
- Multi-Year form
- 1098-F
- Box 2 - Amount to be paid for violation or potential violation
- 2021 Box 2 - Restitution/remediation amount → 2022 Box 3 Restitution/remediation amount
- 2021 Box 3 - Compliance amount → 2022 Box 4 - Compliance amount
- 2021 Box 4 - Date of order/agreement → 2022 Box 5 - Date of order/agreement
- 2021 Box 5 - Jurisdiction → 2022 Box 6 Date of order/agreement
- 2021 Box 6 - Case number → 2022 Box 7 - Case number
- 2021 Box 7 - Name or description of matter/suite/agreement → 2022 Box 8 - Case name or names of parties to suit, order, or agreement
- 2021 Box 8 - Code → 2022 Box 9 - Code
- Box 9 Codes
- 2021 B - Multiple payers/defendants → 2022 B - Multiple payers
- 2021 D - Property or services required to be acquired, constructed, or transferred under the court order or agreement → 2022 D - Provision of services or provision of property required
- Codes F, G, H, I have been removed
- Multi-Year form
- 1099-MISC
- Box 13 (FATCA checkbox)
- 2021 Box 13 - Excess golden parachute payments → 2022 Box 14 - Excess golden parachute payments
- 2021 Box 14 - Nonqualified deferred compensation → 2022 Box 15 - Nonqualified deferred compensation
- Multi-Year form
- W-2
- For tax year 2022, the Social Security Wage Base is now $147,000.
- For tax year 2022, the Social Security tax withheld amount should not exceed $9,114.
- The tax year 2022 Social Security and Medicare coverage threshold for Household wages is now $2,400 ($100 increase from 2021).
- Penalties have increased. The higher penalty amounts apply to returns required to be filed after August 1st, 2022.
- 1042-S
- New Income Codes:
- Income Code 56 - Dividend equivalents under IRC section 871(m) as a result of applying the combined transaction rules
- Income Code 57 - Amount realized under IRC section 1446(f)
- New Chapter 3 Exemption Code:
- Code 38 - Publicly Traded Partnership
- New Line Of Business (LOB) Code:
- Code 12 - No LOB article in treaty
Bug fixes:
- We fixed the following Security issues:
- Security audit logs were not displaying activity. (CS-2236)
- User and Attached Profile Report was not working. (CS-3541)
- Purge at Security Access Log Screen was not working. (CS-3543)
- We fixed the following Service Bureau issues:
- The W-2 Box 14 amount was being included in the zero amount filter for the Service Bureau Upload. (CS-3498)
- The Scheduler Wizard SB Upload Type was misspelled (CS-3243)
- We fixed the following General issues:
- We fixed the following Reports issues:
The 1042-S Tax Form Summary Balancing Report Key needed updates. (CS-3513)
On the 1042-S Control Totals Report, there was an incorrect Withheld Box label for the State Withholding Breakdown. (CS-3525)
On the W-2 Control Total Report, there was an incorrect sum of the All Amount fields. (CS-3530)
- On the 1099-G Import Session Summary, a field description was incorrect. (CS-3649)
- We fixed the following Business Rules & Validation issues:
- For ACA (State Filing), we added new rules to prevent duplicate TINs found in covered individuals on a single record. (CS-3231)
- 2022 eFileViewer
- 2022 Web Presentment API
- Service Bureau print/mail/efile functionality
- 2022 e-filing
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File hash: 3F972537A594891D35DA4910E5F4E9BE4824E7B8534A87C4C6A22050E7B68A05