Professional Editions - Master Information General Tab

Various functions for TaxAct Professional Editions are toggled on and off through the Preparer Master Information box:

  1. From within your TaxAct Professional Edition program, click Preparer in the upper menu bar, hover your mouse over Master Information, then click General.
  2. In the window that appears, you can control the following:
    • Filing/Printing Options
      • Print the preparer's name in the Preparer's Signature Field
      • Print the current date in the Preparer's Signature Date Field
      • Print all capital gain/loss transactions on Form 8949
      • When the return qualifies, file Form 1040-SR instead of Form 1040 on all returns - (1040 only)
      • File State 'Long Forms' instead of State 'Short Forms' on all returns - (1040 only)
      • Print Schedule B even if under $1,500 - (1040 only)
      • Automatically lock returns after E-Filing
      • Always print Form 7203 for Fed 1120-S
    • Miscellaneous Options
      • Assign invoice number to all new and imported returns
        • Next invoice #
        • Increment Invoices By
      • Show message on return open indicating that refund has changed due to an updated or different version of TaxAct
      • Do not include social security number(s) or direct deposit information on Tax Organizers - (1040 only)
    • Calculation Options (1040 only)
      • The IRS should compute Form 2210 - Underpayment Penalty (TaxAct will not compute penalty)
      • States will compute the underpayment penalty (TaxAct will not compute penalty).
      • Automatically complete Boxes 3-6 of Form W-2 based on Box 1 and Box 12 entries.
      • Automatically complete Box 16 State Wages of Form W-2 based on Box 1 entry.
      • Automatically complete Box 18 Local Wages of Form W-2 based on Box 1 entry.
      • Do not automatically compute state sales or use tax (New York returns only).