Version .91 is now available for all TaxAct 2019 Professional Federal Editions. This update includes:
Notification Center improvements
Search - A search bar was added so you can search notification categories, titles, and content for keyword or phrases.
Mark all as read - If you have unread notifications, you will see a “Mark all as Read” button in the top left corner. Clicking the button marks all unread notifications as read (this feature is not available in offline mode)
Minor bug fixes
TaxAct 2019 Professional can automatically check for updates by selecting Tools –> Option...
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Important Form W-7 Information
The IRS released a revised Form W-7 in September 2019, however we will not be updating TaxAct 2018 Professional with this new version.
The updated W-7 will be available with our initial release of TaxAct 2019 the last week of October. Until then, please access the updated W-7 directly from the IRS (PDF) to include with your clients' 2018 paper returns.
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1065 & 1120S Extension Deadline Information
The 1065 and 1120S extension deadline is Monday, September 16. Here are some things to keep in mind as you finish and file your clients’ returns.
The deadline is 12:00 midnight in the filer’s local time zone, but file early if possible.
Be sure any taxes owed have been paid by your taxpayer by the deadline or there may be penalties and interest.
As long as the return is e-filed on time, you will have an electronic filing perfection period to retransmit to address any rejection errors for 10 calendar days (through Thursday, September 26).
If you’re unable to retransmit the e-file to co...
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TaxAct 2018 Professional Editions Update
The following updates are now available for TaxAct 2018 Professional Editions:
Federal 1040 - Version 1.15
Federal 1065 - Version 1.12
Federal 1120 - Version 1.12
Federal 1120S - Version 1.13
Federal 1041 - Version 1.13
Federal 990 - Version 1.12
These updates include:
Security enhancements
TaxAct 2018 Professional can automatically check for updates by selecting Tools --> Options, and selecting "If already connected to the internet, automatically check for updates on program startup." You can also check for software updates at any time by selecting Online --> Check for...
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TaxAct 2018 Professional 1040 Edition Version 1.14
Version 1.14 is now available for TaxAct 2018 Professional 1040 Edition. Version 1.14 includes an update for a 1042-S Alert for scholarships not taxable because of Treaty Form 1040NR-EZ.
TaxAct 2018 Professional can automatically check for updates by selecting Tools –> Options, and selecting “If already connected to the internet, automatically check for updates on program startup.” You can also check for software updates at any time by selecting Online –> Check for Updates.
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TaxAct 2018 Professional Editions Versions Federal 1040: 1.13 and Federal 1041: 1.12 Updates
Versions 1.12 and 1.13 are now available for TaxAct® 2018 Professional Federal Editions. These updates include:
Schedule D - Updated to reflect IRS correction to error in Schedule D tax calculation worksheet for Forms 1040 (v 1.13) and 1041 (v 1.12).Zip Code Lookup - Fixed bug that was causing zip code lookup to fail in Client Information popup window (v 1.13).
TaxAct 2018 Professional can automatically check for updates by selecting Tools --> Options, and selecting "If already connected to the internet, automatically check for updates on program startup." You can also check for sof...
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TaxAct 2018 Professional Editions Version 1.11 Update
Version 1.11 is now available for TaxAct® 2018 Professional Federal Editions. This update includes:
Form 1040 - A calculation issue was corrected on Form 8582, Part II, line 7 - the modified adjusted gross income was previously not including other income amount from Form 1040, Schedule 1, line 21.
Form 1120S - Federal Form 8903 is now available for e-file and paper filing.
TaxAct 2018 Professional can automatically check for updates by selecting Tools --> Options, and selecting "If already connected to the internet, automatically check for updates on program startup." You can als...
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Alert Added to Require Form 8867 with Head-of-Household Returns
The Tax Cuts and Jobs Act of 2017 added due diligence requirements for the head of household filing status. Beginning with 2018 returns, as part of those due diligence requirements paid tax preparers are required to complete and submit Form 8867 with any return claiming head of household filing status.
If any of your client’s returns had head of household filing status selected but did NOT contain the earned income credit, child tax credit, and/or American opportunity credit, you may have filed the returns without Form 8867. The IRS has explained that no further action is required, as they ...
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TaxAct 2018 Professional Editions Version 1.10 Update
Version 1.10 is now available for all TaxAct 2018 Professional Federal Editions. This update includes:
Users will now see a pop-up alert when there are new posts in the Notification Center. The alert will not disrupt what you are currently working on. If no action is taken the alert will disappear after 10 seconds; you can also close the alert by clicking X in the upper right-hand corner of the pop-up. Pop-up alerts can be disabled by selecting Preparer --> Preferences --> Miscellaneous tab --> Uncheck "Show notification alert pop-up" box --> Click "Save and Exit".
Married ...
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Welcome to TaxAct 2019 Professional Editions
We know you have options when it comes to selecting professional tax preparation software. Thank you for choosing TaxAct 2019 Professional Editions. We are continually working to improve our software to help Tax Professionals like you to be more efficient and effective, and to provide a product you and your clients can trust.
Throughout the tax year we will make information available to you using the Notification Center within TaxAct 2019 Professional. Subjects will include enhancements, updates, and form availability, among other things.
The following TaxAct 2019 Professional Editions are n...
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TaxAct 2018 Professional Editions Version 1.09 Update
Version 1.09 is now available for all TaxAct 2018 Professional Federal Editions. This update includes:
K-1 import now available.
Minor fixes and enhancements.
TaxAct 2018 Professional can automatically check for updates by selecting Tools --> Options, and selecting "If already connected to the internet, automatically check for updates on program startup." You can also check for software updates at any time by selecting Online --> Check for Updates.
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1120S and 1065 Filing Deadline Information
The IRS filing deadline for Forms 1120S and 1065 is Friday, March 15. Instructions, including what is new in the forms are available:
Form 1120S
Form 1065
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TaxAct 2018 Professional Editions Version 1.08 Update
Version 1.08 is now available for all TaxAct 2018 Professional Federal Editions. This update includes:
QBID complex calculations are now available.
Local storage users only - Federal e-file status column in Client Manager will now refresh more often.
Minor fixes.
TaxAct 2018 Professional can automatically check for updates by selecting Tools --> Options, and selecting "If already connected to the internet, automatically check for updates on program startup." You can also check for software updates at any time by selecting Online --> Check for Updates.
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TaxAct 2018 Professional Editions Version 1.07 Update
Version 1.07 is now available for all TaxAct 2018 Professional Federal Editions. This update includes:
Various Help Center links (Help-->Support Options), including Spanish Tax Glossary, now work.
Notification Center posts can now be filtered and sorted based on date posted and assigned categories.
TaxAct 2018 Professional can automatically check for updates by selecting Tools --> Options, and selecting "If already connected to the internet, automatically check for updates on program startup." You can also check for software updates at any time by selecting Online --> Check...
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TaxAct 2018 Professional Editions Version 1.06 Update
Version 1.06 is now available for all TaxAct 2019 Professional Federal Editions. This update includes:
Printing and e-filing is now available for the following:
Form 3468 - Investment Credit
Form 4136 - Credit for Tax Paid on Fuels
Form 8835 - Renewable Electricity, Refined Coal, and Indian Coal Production Credit
Form 8844 - Empowerment Zone Employment Credit
Form 8845 - Indian Employment Credit
Form 8910 - Alternative Motor Vehicle Credit
Form 8911 - Alternative Fuel Vehicle Refueling Property Credit
Form 8936 - Qualified Plug-in Electric Drive Motor Vehicle Cre...
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