TaxAct 2021 Professional Federal Editions Update (v1.07)

The following TaxAct 2021 Professional Editions are now available:

The updates include the following changes:

Added a “Close all” feature for the Form Tab
- Right-click on the tabs and select Close All but this
For multi-preparer firms – Updated Pro Report user permissions to be tied to the clients a preparer can view.
- To change the permissions, update View All Clients in Practice permission under each preparer’s Master Information (Preparer -> Mater Information -> Preparers)
Updated organizers to include email and phone number for spouse
Updated calculations on Form 8962 – Worksheet X to account for the 133% unemployment exception and the removal of the 400% cliff
Added PPP Loan Forgiveness Statement for Form 1065 and 1120S
Enabled the ability to e-file and/or print the following forms:
- Form 1045 – Application for Tentative Refund
- Form 8915C – Qualified 2018 Disaster Retirement Plan Distributions and Repayments
- Form 8915D – Qualified 2019 Disaster Retirement Plan Distributions and Repayments
- Form 8990 – Limitation on Business Interest Expense Under Section 163(j)
Other 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: