TaxACT 2004 Software Update Information
TaxACT Federal Version 1.4 Updates (Released 3/10/2005)
For Standard, Deluxe, and Preparer's 1040
Form Updates:
- Form 8283, Page 2 - Can now e-file return when this is present but cannot use self select PIN method (must attach paper copy of Form 8283 to Form 8453/Form 8453OL)
- Form 8801 - Printing of Line 14 and 29
- Form 8863 - Printing of third student name for Hope Credit
TaxACT Federal Version 1.3 Updates (Released 2/11/2005)
For Standard, Deluxe, and Preparer's 1040
Form/Schedule Updates:
- Form 1116 - Expanded support for overflow information allowable for Electronic Filing of Form 1116, Part II
- Form 2441 - Correction for the calculation of the Child and Dependent Care qualification on Line 30 of Form 2441 when the qualifying expenses related to earnings from a self-employed business or farm.
- Form 8283 - Dropped support for electronic filing of Form 8283, Page 2. This is as a result of the IRS discontinuing the availability of electronic filing for Form 8283, Page 2
- Schedule K-1 (1120S) - Correction for the calculation of passive income, Column G of Schedule E, page 2, when multiple copies of Schedule K-1 are required.
TaxACT Federal Version 1.2 Updates (Released 2/2/2005)
For Standard, Deluxe, and Preparer's 1040
Form Updates:
- Form 1040-ES - 2005 Estimated Tax Worksheet
- Form 1116 - Foreign Tax Credit
- Form 8283 - Noncash Charitable Contributions
- Form 8889 - Health Savings Account
Alert Updates:
- Updated list of valid SSNs to include SSN’s of 691-XX-XXXX through 695-XX-XXXX.
TaxACT Federal Version 1.1 Updates (Released 1/14/2005)
For Standard, Deluxe, and Preparer's 1040
- State Depreciation Calculations updated - Calculations required for specific state modifications have been updated pursuant to the requirements of various states.
- Federal Import for 2003 Connecticut - A correction has been made for determining the amount of 2003 CT refund applied to 2004.
