DRAFT - 1099 Pro CS v2021.20.15

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:
• Form 1099-MISC:
• Form 1098-F:
• 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:

IMPORTANT:  Please review the following 2022 1042-S code changes and make any required changes to your data or imports.

UPDATED: 

• Federal Thresholds - Updated per IRS form changes (listed above).
• State Thresholds - Updated per IRS form changes (listed above).
  
• General
  • Pro Central - Updated tax reporting deadlines and penalty amounts.
  • Latest Help file.

FIXED:

• Printing 
  • Reprint Scheduler - 1042-S Foreign TIN was not being masked. (CS-3208)
• Electronic Filing 
  • Puerto Rico Grouping by EIN filter was not working for Tax Year 2020. (CS-3308)
• General 
  • Query - 1099-NEC State Abbrev and State ID box field names corrected to Box 6 from Box 17.

Download v2021.xx.xx