What’s New for Tax Year 2021
Now that the 2020 Tax Season has officially wrapped, we are excited to announce changes that are being made to our software for TY 2021. You asked, we listened – keep reading for additional information on these updates…
Onboarding & Training
Dedicated training page with live webinars, a video library of on-demand training & our new FastTrack Onboarding Program.
More Bank Product Options & Incentives
We will be adding on at least one bank partner for TY21. We will also be offering new incentives for Pros who do a certain level of refund transfers.
Over 60 New Forms & E-File Coverage
- Form 8857 – Request for Innocent Spouse Relief
- Support for Multiple Copies of Form 5471
- City Tax Returns & more! You can find the full list at the end of this blog post.
Support Improvements
TaxAct Pro is increasing our service support staff, as well as creating an opportunity for you to opt into text messaging. When you opt into text messaging you will receive alerts regarding any known product outages & a text when the outage is over. Our goal is to help you can manage your workload even more efficiently.
Early Renewal Discount
Lock in your early renewal discount (the lowest price of the year) by July 31st, 2021 & pay nothing until November. Or place your order today by phone & receive even a higher discount on select offerings when you pre-pay.** To take advantage of these offers, call our sales team at (319) 536-3571. Pre-Order Now!
Listing of 60 New Forms & E-File Coverage
Federal 1040 Forms:
| Form 8821 – Tax Information Authorization | Form W-4 – Employee’s Withholding (team is actively working to deploy this in TY20 as well) |
| Form 4506 – Request a Copy of Tax Return | Form 8857 – Request for Innocent Spouse Relief |
| Form 9325 – Ack & General Info for E-filed Returns | Support for Multiple Copies of Form 5471 |
City Tax Forms:
| Kansas City, MO Form RD-108 – Profits Return Earnings Tax | Columbus, OH Form IR-25 – Annual City Tax Return for Individuals |
| Portland, OR Form SP – Combined Tax Return for Individuals |
State 1040 e-file Coverage:
| Arkansas Amended e-filing | Arkansas Estimated Payment e-filing |
| Colorado Amended e-filing | Connecticut Amended e-filing |
| Kansas Estimated Payment e-filing | Massachusetts Estimated Payment e-filing |
| Maryland Estimated Payment e-filing | Missouri Amended e-filing |
| Oklahoma Amended e-filing | Rhode Island Amended e-filing |
| Virginia Estimated Payment e-filing | Vermont Amended e-filing |
| Wisconsin Extension e-filing |
State 1040 Forms:
| North Carolina Form POA – Power of Attorney | North Carolina Form NC K-1 – Partner/Shareholder K-1 Received |
| Michigan Form POA – Power of Attorney | Illinois Form 1310 – Claiming Refund Due a Deceased Taxpayer |
| Illinois Form 2848 – Power of Attorney | Illinois Form 8948 – Electronic Filing Opt-Out Declaration |
| Massachusetts Form 1310 – Claiming Refund Due a Deceased Taxpayer | Massachusetts Form 8379 – Non debtor Spouse Claim & Allocation for Refund Due |
| Massachusetts Form EFO – Personal Income Tax Declaration of Paper Filing | New York Form IT-6-SNY – Metropolitan Commuter Transportation Mobility Tax (MCTMT) for START-UP NY (1040) |
| New York Form IT-203-F – Multi-Year Allocation Form (1040) | New York Form IT-211 – Special Depreciation Schedule (1040/1041/1065) |
| New York Form IT-236 – Credit for Taxicabs & Livery Service Vehicles Accessible to Persons with Disabilities (1040/1041/1065) | New York Form IT-237 – Claim for Historic Homeownership Rehabilitation Credit (1040) |
| New York Form IT-239 – Claim for Credit for Taxicabs & Livery Service Vehicles Accessible to Persons with Disabilities (1040/1041) | New York Form IT-243 – Claim for Biofuel Production Credit (1040/1041/1065) |
| New York Form IT-246 – Claim for Empire State Commercial Production Credit (1040/1041/1065) | New York Form IT-251 – Credit for Employment of Persons with Disabilities (1040/1041/1065) |
| New York Form IT-252 – Investment Tax Credit for the Financial Services Industry (1040/1041/1065) | New York Form IT-252-ATT – Investment Tax Credit for the Financial Services Industry (1040/1041/1065) |
| New York Form IT-253 – Claim for Alternative Fuels Credit (1040/1041/1065) | New York Form IT-261 – Claim for Empire State Film Post-Production Credit (1040/1041/1065) |
| New York Form IT-602 – Claim for EZ Capital Tax Credit (1040/1041) | New York Form IT-605 – Claim for EZ Investment Tax Credit & EZ Employment Incentive Credit for the Financial Services Industry (1040/1041/1065) |
| New York Form IT-613 – Claim for Environmental Remediation Insurance Credit (1040/1041/1065) | New York Form IT-633 – Economic Transformation & Facility Redevelopment Program Tax Credit (1040/1041/1065) |
| New York Form DTF-626 – Recapture of Low-Income Housing Credit (1040/1041/1065) | New York Form DTF-630 – Claim for Green Building Credit (1040/1041/1065) |
Not only is our price hard to beat, but the value continues to increase. On top of that, we’ve listened & will continue listening to create the best software for our tax professionals! Time to take another look at TaxAct Professional.
** Expiration: Pre-pay offer expires 7/31/2021 at 5:00 pm Central. Pre-order offer expires 7/31/2021 at 11:55 pm Central & is subject to change. You will NOT be charged until November 2021 prior to our advance release & the remainder of your order (any states and unlimited e-filing) will be charged in late December 2021. Payment Information: Orders may be placed online or by phone using a credit card. Call (319) 536-3571 to speak to a representative. Subject to applicable sales taxes.