Version 1.11 for 1040 – Payment & Deadline Extension Updates (COVID-19)

Posted on by Matthew Davis
Version 1.11 for 1040 is now available for TaxAct 2019 Professional Federal Edition. This update includes: Changes required due to the Payment & Deadline extension moving to 7/15/20 This includes being able to select an automatic withdrawal date post 4/15/20 Note: Similar updates for Federal 1120, 1120-S, 1041, and 990 are tentatively planned for next week. State Editions updates will also be available over the next couple weeks. What these changes mean for 1040 federal returns: Federal 1040 tax returns are not officially due until July 15, 2020. Taxpayers are subject to lat...
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Version 1.10 & 1.06 Updates

Posted on by Matthew Davis
Versions 1.10 for 1040 and 1.06 for 1065, 1120, 1120-S, 1041, and 990 are now available for TaxAct 2019 Professional Federal Editions. This update includes: Minor Enhancements to Depreciation Summary Added column headers to each page minimized issues with rows getting split and not printing Minor bug fixes & optimizations We expect the first updates in regard to the coronavirus impact changes to be updated later this week, however we are still waiting on the IRS to make necessary changes on their end in order to allow adjustment of the direct debit withdrawal date. We will updat...
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Versions 1.17 (1040) 1.13 (1065, 1120) 1.14 (1041, 1120S) Update for Tax Extenders

Posted on by Matthew Davis
Versions 1.17 (1040), 1.13 (1065, 1120), and 1.14 (1041, 1120S) are now available for TaxAct 2018 Professional Federal Editions. These versions include changes due to 2018 Federal Tax Extenders, including the following updated forms: Form 4136 - Credit for Federal Tax Paid on Fuels Form 5329 - Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts Form 5695 - Nonbusiness energy property credit Form 8835 - Renewable energy, Indian coal facilities credit Form 8845 - Indian Employment Credit Form 8864 - Biodiesel and Renewable Diesel Fuels Credit Form 8...
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Version 1.09 & 1.05 Updates

Posted on by Matthew Davis
Versions 1.09 for 1040 and 1.05 for 1065, 1120, 1120-S, 1041, and 990 are now available for TaxAct 2019 Professional Federal Editions. This updated includes: Fix for Auto Save Functionality Addressed an issue where Auto Save functionality was getting turned off in certain scenarios Fed EF Status Column bug fixes Addressed a couple issues causing the Fed EF Status column to not populate correctly (such as when updating the return status). Minor bug fixes & optimizations You may also want to ensure the “If already connected to the internet, automatically check for updates o...
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Version 1.08 & 1.04 Updates

Posted on by Matthew Davis
Versions 1.08 for 1040 and 1.04 for 1065, 1120, 1120-S, 1041, and 990 are now available for TaxAct 2019 Professional Federal Editions. This updated includes: Minor bug fixes You may also want to ensure the “If already connected to the internet, automatically check for updates on program startup” checkbox is checked in the Tools –> Options menu. In addition, you can check for updates at any time by clicking the Online –> Check for Updates menu.
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Version 1.07 & 1.03 Updates

Posted on by Matthew Davis
Versions 1.07 for 1040 and 1.03 for 1065, 1120, 1120-S, 1041, and 990 are now available for TaxAct 2019 Professional Federal Editions. This updated includes: Enhancements to the Select Updates window You are now able to click a button to Select/Deselect All available updates There is now a "Remove" option next to any state not currently installed if you no longer want to receive notification when those states have an update available Additional minor bug fixes This update also enables the following major federal forms and features that weren’t available in a prior 2019 version: ...
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1040 Version 1.06 Update

Posted on by Matthew Davis
Version 1.06 is now available for TaxAct 2019 Professional Federal Edition. This update includes: Minor bug fixes You may also want to ensure the “If already connected to the internet, automatically check for updates on program startup” checkbox is checked in the Tools –> Options menu. In addition, you can check for updates at any time by clicking the Online –> Check for Updates menu.
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1040 Versions 1.04 & 1.05 Update – Fix for 1040-V Incorrect Address & Bank Filing Step Crash

Posted on by Matthew Davis
Versions 1.04 and 1.05 for 1040 is now available for TaxAct 2019 Professional Federal Editions. This update includes: Fix for 1040-V incorrect address (1.04) The issue with certain states seeing the incorrect mailing address printed on the 1040-V, EF instructions, and client letter has been fixed Fixed a application crash in bank filing steps (1.05) Minor bug fixes To see the current anticipated release date for each State Edition (by form), visit the State Release Dates page. You may also want to ensure the “If already connected to the internet, automatically check for updates o...
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Version 1.02 & 1.03 Updates

Posted on by Matthew Davis
Versions 1.03 for 1040 and 1.02 for 1065, 1120, 1120S, 1041, and 990 are now available for TaxAct 2019 Professional Federal Editions. This updated includes:  Minor bug fixes This update also enables the following major federal forms and features that weren’t available in a prior 2019 version: Major Federal Forms Form 2210 – Underpayment of Estimated Tax by Individuals and Estates and Trusts Form 4136 – Credit for Federal Tax Paid on Fuels Form 5695 - Residential Energy Credits Form 8606 - Nondeductible IRAs Form 8917 - Tuition and Fees Deduction Form 8960 – Net Investm...
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Version 1.01 & 1.02 Updates

Posted on by Matthew Davis
Versions 1.02 for 1040 and 1.01 for 1065, 1120, 1120S, 1041, and 990 are now available for TaxAct 2019 Professional Federal Editions. This updated includes: E-filing for the following: 990 Federal Professional Reports - E-filing Billing Summary Update Payment column will now include any applicable sales tax paid along with the e-filing fees  Preparer Address information now required If you are missing address information in your Preparer Master Information, you will be required to add it prior to e-filing Prompt user at start of e-file if return is locked Use wi...
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TaxAct 2019 Professional Editions Version 1.0 Update

Posted on by Matthew Davis
Version 1.0 is now available for all TaxAct 2019 Professional Federal Editions This updated includes: E-filing for the following: 1040 Federal 1065 Federal 1120 Federal 1120S Federal 1041 Federal Note: The IRS has not yet announced when they will open for tax year 2019. Any returns submitted will be held until the IRS starts processing. In addition, the IRS has not yet released final versions of the 8879 forms for 1040, 1065, or 1120S. The versions of these forms currently available are updated for 2019 based on the latest draft available from the IRS. They are available to yo...
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TaxAct 2019 Professional Editions Version .94 Update

Posted on by Matthew Davis
Version .94 is now available for all TaxAct 2019 Professional Federal Editions. This update includes: Additional forms and features available:Prior Year Comparison ReportJoint Vs. Separate ReportTax CalculatorMinor bug fixes, including:Republic Bank participants can now enter their RBIN in their Preparer Master InformationSchedule A import to pull in the Description in line item details
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