The site will be placed in maintenance on Wednesday, February 6th to release the below software updates.
ESTIMATED PAYMENT VOUCHERS FOR NEXT YEAR
- Update the 2nd and 3rd quarter dates to match current dates within the Estimated Payments Menu (Issue 2479)
FORM 1040-V
- Update the 1040-V PDF to include the mailing addresses which are now on Page 2 of the voucher (Issue 2544)
NEW JERSEY
- Correct an issue where an incorrect amount was pulling to Worksheet F, Line 5 (Issue 2432)
PRINT SETS
- Correct an issue where the selected amount of copies was not generating in a custom print set. For example, creating a print set with 3 copies of Form 1040 but only 1 was being generated (Issue 2575)
QBI UPDATE (Based on Final IRS Regulations Issued 1/19/2019)
- Update QBI calculation to comply with final regulations issued by the IRS on January 19th, 2019 (Issue 2465)
- To arrive at “Total Qualified Business Income (line 2 of QBID Worksheet), the QBI shown on line 1 is reduced by:
- Self-Employed Health Insurance Deduction
- Deductible portion of Self-Employment Tax
- Self-Employment Retirement Plan Contributions
- To arrive at “Total Qualified Business Income (line 2 of QBID Worksheet), the QBI shown on line 1 is reduced by:
REPORTS
- Correct an issue where the States Non-Accepted Returns Report was not yielding results (Issue 2559)
STATE AND LOCAL REFUND
- Correct a calculation issue when it was indicated a TP was Over 65 and/or Blind (Issue 2515)
TUITION AND FEES DEDUCTION
- Removing the Tuition and Fees Deduction selection when accessing the Education Credits menu from Credits. This was already removed as an option from the Adjustments menu (Issue 2525)
WISCONSIN
- Correct an issue where certain subtractions claimed on the WI return should not result in a negative income value (Issue 2526)
*Click here to download a PDF of our Cumulative Release Notes.