Author Archives: %s

Release Notes: March 26th – 1040 View, E-file, MN & VA

25 Mar 21
Craig Smith
No Comments

The site will be placed in maintenance on Friday, March 26th, beginning at 5:00am ET to release the below update(s). Note that deployments may take up to 3 hours to complete. During this time, access to the program may be limited.

1040VIEW

  • Correct a display issue on Schedule 3, Part 2, Line 13 (Issue 5697)

E-FILE PAGE

  • Updating the Taxpayer PIN not saving when continuing to Submission page (Issue 5434)

MINNESOTA

  • Remove an erroneous e-file block specific to the CRP for the M1PR (Issue 5814)

VIRGINIA

  • Add back the Federal UCE since VA allows full subtraction of unemployment to avoid a double deduction (2020 Update)

 


Click here to download a PDF of our Cumulative Release Notes & Program Enhancements.

Release Notes: March 24th – AR, Reports & VT

23 Mar 21
Craig Smith
No Comments

The site will be placed in maintenance on Wednesday, March 24th, beginning at 5:00am ET to release the below update(s). Note that deployments may take up to 3 hours to complete. During this time, access to the program may be limited.

ARKANSAS

  • Unemployment income not being considered when determining if Low Income Tax Table is applicable (Issue 5784)

IRS ACKNOWLEDGEMENT REPORT

  • Only support HTML export for IRS ack report (Issue 4930)

VERMONT

  • Correct an issue resulting in Reject Code: Form 122-0040-010. Impacted returns can be resubmitted (Issue 5813)

 


Click here to download a PDF of our Cumulative Release Notes & Program Enhancements.

Release Notes: March 23rd – CA, CO, MD & MN

22 Mar 21
Craig Smith
No Comments

The site will be placed in maintenance on Tuesday, March 23rd, beginning at 5:00am ET to release the below update(s). Note that deployments may take up to 3 hours to complete. During this time, access to the program may be limited.

CALIFORNIA

  • Add back unemployment exclusion to Schedule CA (2020 Update)

COLORADO

  • Add back unemployment exclusion to Other Additions due to non-conformity (2020 Update)

MARYLAND

  • MD subtracting unemployment income from a non-reciprocal state in error (Issue 5785)

MINNESOTA

  • Add back unemployment exclusion on the M1 and M1PR (2020 Update)

 

 


Click here to download a PDF of our Cumulative Release Notes & Program Enhancements.

Release Notes: March 19th – DC, F8853, NY, UCE & VT

18 Mar 21
Craig Smith
No Comments

The site will be placed in maintenance on Friday, March 19th, beginning at 5:00am ET to release the below update(s). Note that deployments may take up to 3 hours to complete. During this time, access to the program may be limited.

DISTRICT OF COLUMBIA

  • DC not looking at 2019 EIC look back on Federal when TP does not have qualifying children (Issue 5797)

FORM 8853

  • LTC entry for the spouse creating a duplicate Section C in the PDF (Issue 5737)

NEW YORK

  • Form IT-280 displaying preparer e-mail address on PDF (Issue 5795)

VERMONT

  • Line P of Schedule HI-144 not pulling in TP SE income tax (Issue 5788)

UNEMPLOYMENT COMPENSATION EXCLUSION (UCE)

  • The unemployment income exclusion (UCE) as part of the American Rescue Plan is now live in the software (2020 Update)

 


Click here to download a PDF of our Cumulative Release Notes & Program Enhancements.

Release Notes: March 17th – AZ, CA, IN & Reporting

16 Mar 21
Craig Smith
No Comments

The site will be placed in maintenance on Wednesday, March 17th, beginning at 5:00am ET to release the below update(s). Note that deployments may take up to 3 hours to complete. During this time, access to the program may be limited.

ARIZONA

  • Add input field in the amended return menu to report the original refund received (Issue 5773)

CALIFORNIA

  • Update a calc related to Form 3849, Column D, Lines 12-23 (Issue 5765)

INDIANA

  • Update EIC calc to use 2020 earned income when 2019 lookback is used on Federal (Issue 5533)

MANAGEMENT REPORTS

  • Adding a 1040X column within the Pro Web Returns – Detailed Return Report (Enhancement)

 


Click here to download a PDF of our Cumulative Release Notes & Program Enhancements.

Release Notes: 1040-NR, MO, PA & VT

14 Mar 21
Craig Smith
No Comments

The site will be placed in maintenance on Monday, March 15th, beginning at 5:00am ET to release the below update(s). Note that deployments may take up to 3 hours to complete. During this time, access to the program may be limited.

1040-NR

  • Correct the error restricting 1040-NR e-files from being e-filed (Issue 5761)

MISSOURI

  • Correct the Public Pension Exclusion calculation when income is $100,000 or greater (Issue 5732)

PENNSYLVANIA

  • Update Line 1 of Local Form EET to 2020 (Issue 5689)

VERMONT

  • HI-144, Line P calculation update (Issue 5701)

 


Click here to download a PDF of our Cumulative Release Notes & Program Enhancements.

Temporary Suspension of Limits on Charitable Contritbutions

12 Mar 21
Craig Smith
No Comments

IRS Release

Temporary Suspension of Limits on Charitable Contributions

In most cases, the amount of charitable cash contributions taxpayers can deduct on Schedule A as an itemized deduction is limited to a percentage (usually 60 percent) of the taxpayer’s adjusted gross income (AGI). Qualified contributions are not subject to this limitation. Individuals may deduct qualified contributions of up to 100 percent of their adjusted gross income. Contributions that exceed that amount can carry over to the next tax year. To qualify, the contribution must be:

  • a cash contribution;
  • made to a qualifying organization;
  • made during the calendar year 2020

Contributions of non-cash property do not qualify for this relief. Taxpayers may still claim non-cash contributions as a deduction, subject to the normal limits.

How to claim this in TaxSlayer Pro Online?

It is a two-step process.

  1. Report your taxpayers cash gifts to charity just as you normally would within the “Cash Gifts to Charity” page within the Itemized Deductions menu.
  2. If their donations qualify to take advantage of this temporary suspension of limitations, after completing Step 1 above, go to the “Limitation on Charitable Contributions Deduction page (shown below) and enter the qualified contributions.

 

 

Release Notes: March 12th – F8453 & Phone Number in PDF

11 Mar 21
Craig Smith
No Comments

The site will be placed in maintenance on Friday, March 12th, beginning at 5:00am ET to release the below update(s). Note that deployments may take up to 3 hours to complete. During this time, access to the program may be limited.

FORM 8453

  • Form 8453 included in PDF when not included in print set (Issue 5570)

PHONE NUMBER

  • Add phone number back to the Forms Listing Summary in the PDF (Issue 5690)

 


Click here to download a PDF of our Cumulative Release Notes & Program Enhancements.