TaxACT 2000 Software Update Information
TaxACT Version 1.2 Updates
Electronic Filing Updates:
- Corrected Electronic Filing Alert when dependent ID # is an ITIN rather than an SSN.
- Added Electronic Filing Alert to prevent submission of a blank Form W-2
Printing Updates:
- Adjusted the printing of Spouse Election Campaign Checkbox on Form 1040A
- Eliminated printing of Spouse information on Form 8453 for Married Filing Separately
Calculation Updates:
- Updated default calculation of the Nontaxable Earned Income Description on Form 1040, Line 60b for Sec 125 Cafeteria Plan Contributions and Employer Adoption Benefits.
- Corrected calculation of the allocated IRA basis on Form 8606 when there are both IRA distributions and a Traditional to Roth IRA conversion in 2000.
Alert Updates:
- Corrected Alert message for Earned Income Credit when the Qualifying Child is Born in 1981 and the student or disability box has not been selected on Schedule EIC, Line 4.
- Updated an Alert message for the Form 8862 that was incorrectly being presented.
