Version 1.12 (1040) 1.07 (1065, 1120, 1120-S, 1041, 990) Update

Posted on by Matthew Davis
Version 1.12 for 1040 and 1.07 for 1065, 1120, 1120-S, 1041, and 990 are now available for TaxAct 2019 Professional Federal Editions. These updates include: Changes required due to the Payment & Deadline extension moving to 7/15/20 Additional changes for 1040 Form 4868 and IRA/HSA/MSA/ESA contributions Initial updates for 1120, 1120-S, 1041, & 990 Replace Form W-4 with IRS Tax Withholding Estimator TaxAct will no longer be supporting Form W-4, but will include a link to the IRS Tax Withholding Estimator to determine if the taxpayer should complete a new Form W-4, Employe...
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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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Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed

Posted on by Matthew Davis
The Treasury Department and IRS announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax. Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax fil...
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Coronavirus (COVID-19) Information

Posted on by Matthew Davis
Like many of you, we are closely monitoring the outbreak of the Coronavirus (COVID-19) and its impact across the industry. Over the past 48 hours, many have speculated changes to the tax filing and payment deadlines. Today the U.S. Treasury Department and the IRS cleared the air and released guidance on the tax implications of COVID-19. The deadline to file federal individual income tax returns remains April 15. All individual and other non-corporate tax filers are allowed to defer tax payments (up to $1 million) until July 15, 2020 without penalties or interest (read the official Treasury n...
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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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1120 NJ, 1120 CT, 1120-S NJ Now Available

Posted on by Matthew Davis
The following TaxAct Professional 2019 States are now available: 1120 CT NJ 1120-S NJ If you’ve already purchased your 2019 State Edition(s), you will be able to install all available states by going to the Online –> Install State menu option. From there, you can use the Auto Install Method by checking the box next to the available state(s) and clicking the Auto Install button. If you need to purchase State Editions, you can do this by clicking the Online –> Order TaxAct State Edition menu option to order online or call our Professional Sales team at 319-536-3571.
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Business DC, WV, 1065 CT, 1120-S CT, 1041 AZ, IN, MN, MO Now Available

Posted on by Matthew Davis
The following TaxAct Professional 2019 States are now available: 1065 CT DC WV 1120 DC WV 1120-S CT DC WV 1041 AZ IN MN MO If you’ve already purchased your 2019 State Edition(s), you will be able to install all available states by going to the Online –> Install State menu option. From there, you can use the Auto Install Method by checking the box next to the available state(s) and clicking the Auto Install button. If you need to purchase State Editions, you can do this by clicking the Online –> Order TaxAct State Edition menu option to ...
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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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