IMPORTANT:  You will need a 2022 Authorization Code starting with the letter 'F' BEFORE installing this update! 

NOTE: SOFTWARE MUST BE AT LEAST ON v2021.15.18 TO APPLY THIS UPDATE.

NEW:

• All 2022 tax forms and instructions have been updated with IRS changes.
• All business rules and custom queries have been updated for 2022 form fields.
• All reports have been updated for 2022 tax form changes.
• All help files have been updated for 2022.

TAX YEAR 2022 FORM CHANGES:

• Form 1099-DIV:
  • Box 11 (FATCA checkbox)
  • Multi-Year form
• 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 are removed. 
  • Multi-Year form
• 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
• Form W-2:
  • The Social Security Wage Base is $147,000 for Tax Year 2022
  • 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 increased - The higher penalty amounts apply to returns required to be filed after August 1st, 2022.
• Form 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.

NEW: 

• W2 added functionality for special taxes processing for Box 14 (CS-3435, CS-3654)

• Add Federal Threshold Filtering to Pub 1220 Form Export (CS-3503)

• New functionality to lock email domain(s) for email functionality in 1099Pro.NET (CS-3580)

UPDATED: 

• Import map selection screen updated (CS-2758)
• Scheduler wizard SB Upload type mispelled (CS-3243)
• Service Bureau Manual Upload instructions updated (CS-3531)
• 2022 Printing - Disable/Hide Pre-Printed option & Paper Filing (CS-3563, CS-3569, CS-3576)
• Service Bureau Bulk Tin Wizard Updated (CS-3570)
• RRD mag process update to remove comma between payer's state and zip code (CS-3553)

FIXED:

• Security
  • Security audit logs not displaying activity (CS-2236)
  • User and Attached Profile Report not working (CS-3541)
  • Purge at Security Access Log Screen not working (CS-3543)
• Service Bureau
  • W2 Box14 amounts was being included in zero amount filter for Service Bureau Upload. (CS-3498)
• General
  • Form W-2G has field pre-poluated during manual creation (CS-3511)
  • Group actions to add forms does not display correct number of forms tagged (CS-3598)
  • 1099-SA - Custom query field description typo (CS-3645)
  • W-2 - Custom Fields - Custom name fields incorrectly detects duplicated name (CS-3653)

  • 1099 Pro Scheduler Import hangs with 5498 form after the post process. (CS-3537)

• Reports

  • 1042-S Tax Form Summary Balancing Report Key Needs Update (CS-3513)

  • 1042-S Control Totals Report- Incorrect Withheld Box label for State Withholding Breakdown (CS-3525)

  • W-2 Control Total Report - Incorrect Sum of All Amount Fields (CS-3530)

  • 1099-G Import session summary- Field description needs correction (CS-3649)

• Printing

  • "X" not mapping correctly in recipient copies for 1099 NEC correction box(advanced options) (CS-3597)

  • ACL for form 1098 does not have the correct description (CS-3612)

  • 5498 Box 11 Tax Year adjustment (CS-3639)

  • 1042-S ACL '2022 WMF not found!' 2242srps72l.WMF missing (CS-3642)

  • 1099-S Employer phone number needs adjustment (CS-3648)