System Maintenance Scheduled for 1/14/2022

Posted on by Rick Mooberry
In order to continue to get our systems ready for the 2021 e-filing season TaxAct will be performing scheduled maintenance on the following day: Friday, January 14, 2022, from 5 AM - 7 AM CT During this time you will not be able to access TaxAct Professional software, MyTaxDocs.com, or the TaxAct website. Thank you for your patience as we get our systems ready to support your successful e-filing season.
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Renew Now and Save

Posted on by Matthew Davis
Not renewed your software for TY21?  Have you been waiting for the right time to renew with TaxAct Professional?  Renew today and you will receive your software at a discounted rate.  Ask your representative about the Client Exchange Special you can take advantage of. Simply call our sales team at 319-536-3571 to redeem this offer! We look forward to working alongside you again this tax season. Don’t miss out, renew today: https://www.taxact.com/professional/meet-your-sales-team ***Offer expires on January 31st, at 5:00 PM CST & includes an unlimited number of Client Xchange accou...
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IRS Annual 1040 E-file Shutdown on 11/20/21

Posted on by Rick Mooberry
The annual IRS 1040 Modernized e-File system (MeF) production shutdown will start November 20, 2021, as they prepare the system for the upcoming tax year 2019 filing season. To ensure your clients' 1040 returns are processed timely, they will need to be submitted on or before 9 PM Central Time on November 20, 2021. Because the IRS only allows for filing the current tax year plus 2 years prior, this is your last chance to e-file 2018 returns. After the production shutdown, any remaining 2018 returns will need to be filed by paper. Please monitor the MeF Operational Status page for any upd...
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Early Season Renewal Discount Ends 7/31

Posted on by Matthew Davis
You're invited to enjoy an early renewal discount to lock in the lowest price of the year. There are two options for placing your order.  You can pre-order by July 31, 2021, and pay nothing until November. Or, you can pay by phone today and receive an additional discount. To take advantage of this offer, call our sales team today at (319)536-3571 or visit https://www.taxact.com/professional/. Call Sales at (319)536-3571 or email them at prosales@taxact.com. We're excited for another successful tax season with you!       *Expiration: Pre-pay offer expir...
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End of Year Survey

Posted on by Rick Mooberry
We know you have options when it comes to selecting tax preparation software. Thank you for choosing TaxAct Professional. Congratulations...you survived tax season! Now it's important that we hear from you. In order to better serve you, we need to understand your experience with our software. Would you participate in our annual Customer Satisfaction Survey? It will take about 30 minutes, and unless you choose to provide contact information, your responses are anonymous. The survey is only open until Friday, June 18th. Thank you in advance for taking the time to make TaxAct Professional e...
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TaxAct 2020 Professional Federal Editions Update (V1.17 for 1040, V1.11 for 1120 & 990, V1.10 for 1065 & 1120S, and V1.09 for 1041)

Posted on by Rick Mooberry
Version 1.17 for 1040,  versions 1.11 for 1120 & 990, versions 1.10 for 1120S & 1065, and version 1.09 for 1041 are now available for TaxAct 2020 Professional Federal Editions. These updates include: Updated math calculation on Schedule H, line 8d Updated picklist on Form 5471 Schedule I Corrected print placement on Form 8283 Updated officer information on Form 990 Schedule J Updated print on Form 990 Schedule F Other minor bugs and enhancements You can also check for updates at any time by clicking the Online –> Check for Updates menu.
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TaxAct 2020 Professional Federal Editions Update (V1.16 for 1040, V1.10 for 1120 & 990, and V1.09 for 1065 & 1120S)

Posted on by Rick Mooberry
Version 1.16 for 1040,  versions 1.10 for 1120 & 990, and versions 1.09 for 1120S & 1065 are now available for TaxAct 2020 Professional Federal Editions. These updates include: Removed 80% taxable income limitation on Form 1045, Schedule B Updated maximum days for long-term care insurance contracts on Form 8853 Updated picklist selections for Form 5471, Schedule I Updated print placement for Form 8283 Updated officers worksheet calculation for Schedule J (Form 990) Fixed print bug on grants worksheet for Schedule F (Form 990) Other minor bugs and enhancements ...
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Support: Slight Delay with IRS Acknowledgements

Posted on by Rick Mooberry
Given the volume of returns being filed this weekend, we are noticing slight delays with IRS acknowledgments for e-filed returns.  Please note that federal returns can take from a few minutes up to 48 hours for acceptance or rejection. State returns can take up to 10 days. We have all the development teams actively monitoring our systems this weekend to ensure a smooth end to the filing season. If a return is rejected this weekend, you will have until the later of the filing deadline (5/17) or five days after the last rejection notice to resubmit your return and have it accepted before t...
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TaxAct 2020 Professional Federal Editions Update (Version 1.15 for 1040 and Version 1.09 for 1120-S & 990)

Posted on by Rick Mooberry
Version 1.15 for 1040 and versions 1.09 for 1120 & 990 are now available for TaxAct 2020 Professional Federal Editions. These updates include: Increased field length for taxpayer and spouse driver’s license number on Basic Info Worksheet Updated disaster distributions not subject to penalty calculation on Form 5329 Updated SE Tax Deferral Worksheet per revised Form 1040 instructions Added new line to Charitable Contributions Worksheet for charitable contributions subject to 25% limitation Updated Form 990-T, Schedule A, Other Deductions Worksheet for specific deductions ...
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TaxAct 2020 Professional Federal Editions Update (Version 1.14 for 1040 and Version 1.08 for 1041, 1065, 1120, 1120-S, & 990)

Posted on by Rick Mooberry
Version 1.14 for 1040 and versions 1.08 for 1041, 1065, 1120, 1120-S, & 990 are now available for TaxAct 2020 Professional Federal Editions. These updates include: Added print for Basic Info Worksheet Added PDF attachment option for K-1 Basis Worksheet Added checkbox to shut off Form 8958 Updated Form 8915-E to print when the 3-year distribution is not elected Updated Schedule D reconciliation adjustment for spouse casualty loss Updated print placement on Form 3468 & Form 8938 Added Form 990-T to amended options Added FFCRA to Form 990-T Other Income Update...
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TaxAct 2020 Professional Federal Editions Update (Version 1.13 for 1040 and Version 1.07 for 1041, 1065, 1120, 1120-S, & 990)

Posted on by Rick Mooberry
Version 1.13 for 1040 and versions 1.07 for 1041, 1065, 1120, 1120-S, & 990 are now available for TaxAct 2020 Professional Federal Editions. These updates include: Updated calculations on Form 8962 to shut off Part III repayment of excess Premium Tax Credit Updated calculations on Form 8606 Part I and Part III when qualified disaster distributions exceed $100,000 Added 2nd stimulus payment field on Client Organizer Updated print position on Form 56 for checkboxes 1D and 1E Updated Form 5471 supporting schedules accessibility Updated calculations on Form 5471, Schedule E...
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Updated Support Hours for Extended Tax Season

Posted on by Rick Mooberry
We know how busy you are, and this season as been hectic. As we near the end of the tax season, we encourage you to not wait until late in the day on May 17th to print or submit returns to avoid challenges you might run into. Complications can include submission issues, internet connectivity, system outages, and unexpected e-file rejections by the IRS. The TaxAct Professional Support Center will operate on the following extended hours through the tax filing deadline (hours are Central Time). April 10th through April 18th April 10, 2021, Saturday: 10am - 8pm April 11, 2021, Sund...
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TaxAct 2020 Professional Federal Editions Update (Version 1.12 for 1040)

Posted on by Rick Mooberry
Version 1.12 for 1040 is available for TaxAct 2020 Professional Federal Editions. This update includes: Updated Form 8962 with a checkbox to allow PTC calculation changes provided by the American Rescue Action Plan. Note: The IRS is currently not ready to accept returns affected by this change and another update will be provided once the IRS has disabled the business rules/rejection codes to allow these to be e-filed. Other minor bugs and enhancements. You may also want to ensure the “If already connected to the internet, automatically check for updates on program startup” ...
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