Note: This is the early release for tax year 2025.

New and improved:

• We updated all 2025 tax forms and instructions with IRS changes.
• We updated all business rules and custom queries for 2025 form fields.
• We added all 2025 sample import files and Excel data shells.
• We updated all reports for 2025 tax form changes.
• We updated all help files for 2025.

Notable form changes:

• 1099-MISC
  • Previously, Box 14 showed the total compensation of excess golden parachute payments subject to 20% excise tax and was named “Excess golden parachute payments”. Box 14 has been removed and the spot is reserved for future use..
• 1099-NEC
  • Box 3 changed to ‘Excess golden parachute payments’. Previously, was reserved for further use. This information was previously reported on the 1099-MISC.
•  1099-Q
  • New Checkbox added to Box 4: QTP to Roth IRA