The following TaxAct 2021 Professional Editions are now available:
- Federal 1040 – Version 1.02
- Federal 1065 – Version 1.01
- Federal 1120 – Version 1.01
- Federal 1120S – Version 1.01
- Federal 1041 – Version 1.01
- Federal 990 – Version 1.01
The latest update includes the following changes:
- Enabled the ability to Import Schedule K-1’s
- Enabled importing fields for Form 8915-F (2020) – the form still can’t be printed and e-filed
- Updated CTC worksheet limit for qualified widow(er) status
- Updated tax liability limitation calculation on Forms 5695, 8396, 8839, and 8859
- Updated Calculations where age 50+ filers with 401k contributions between 19,500-26,000 were incorrectly alerted about contributing over the limit.
- Enabled the ability to e-file and/or print the following forms:
- Form W-4 – Employee’s Withholding Allowance Certificate
- Form 1040-NR – U.S. Nonresident Alien Income Tax Return
- Form 1040V – Payment Voucher
- Form 1041 – U.S. Income Tax Return for Estates and Trusts
- Form 1065-X – Amended Return or AAR
- Form 1120-W – Estimated Tax for Corporations
- Form 2220 – Underpayment of Estimated Tax by Corporations
- Form 3468 – Investment Credit
- Form 4868 – Application for Automatic Extension of Time to File
- Form 8606 – Nondeductible IRAs
- Form 8609 – Low-Income Housing Credit Allocation and Certification
- Form 8609/A – Low-Income Housing Credit Allocations
- Form 8453-PE – Partnership Declaration of E-File
- Form 8453-TE – Exempt Organization Declaration and Signature for Electronic Filing
- Form 8815 – Exclusion of Interest From Series EE & I U.S. Savings Bonds Issued After 1989
- Form 8835 – Renewable Electricity, Refined Coal, and Indian Coal Production Credit
- Form 8879-S – Signature Authorization for Form 1120S
- Schedule A (Form 1040-NR) – Itemized Deductions
- Schedule A (Form 990-T) – Unrelated Business Taxable Income From an Unrelated Trade or Business
- Schedule EIC – Earned Income Credit
- Schedule H – Household Employment Taxes
- Schedule I – Alternative Minimum Tax – Estates and Trusts
- Schedule M-3 – Net Income (Loss) Reconciliation
- Schedule M-3 – Net Income (Loss) Reconciliation for Corporations with Total Assets of $10 Million or More
- Schedule NEC (Form 1040-NR) – Tax on Income Not Effectively Connected With a U.S. Trade or Business
- Schedule OI (Form 1040-NR) – Other Information
- Minor bugs and enhancements
You can also check for updates at any time by clicking the Online –> Check for Updates menu.
See the State Program Release Dates page for the entire list of available states and anticipated release dates.
Thank you for choosing TaxAct Professional. If you need assistance, please don’t hesitate to contact us:
- Pro Sales: ProSales@TaxAct.com, 319.536.3571
- Account and software questions: Professional@TaxActService.com, 319.731.2682
- Tax-related questions: ProTaxHelp@TaxAct.com, 319.731.2680