Version 1.11 for 1040 and versions 1.06 for 1041, 1065, 1120, 1120-S, & 990 are now available for TaxAct 2020 Professional Federal Editions. These updates include:

  • Added a link to Form W-2 to import your client’s W-2’s directly from payroll providers.
  • Updated due dates for IRS extension to May 17, 2021
  • Updated unemployment compensation exclusion worksheet per final IRS guidance
  • Updated Form 1120, line 27 calculation to allow negative values
  • Updated PDF attachment requirement for certain donated vehicles reported on Form 8283
  • Updated print position for Form 8804, line 6a through line 9
  • Updated calculation on Form 990-T, Schedule A, Part IX, line 8a
  • 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” checkbox is checked in the Tools –> Options menu. You can also check for updates at any time by clicking the Online –> Check for Updates menu.