Download Information  |   Federal Business Update Information

TaxAct Federal Version 1.04 Updates (Released 3/06/2013)

For Standard, Deluxe, and Preparer's 1040

Form Releases:
  • Form 1040-ES - 2013 Estimated Tax Payments
Form Updates:
  • Schedule K-1 - A modification has been made to the calculation of the recapture of section 179 expenses

TaxAct Federal Version 1.03 Updates (Released 2/20/2013)

For Standard, Deluxe, and Preparer's 1040

Form Updates:
  • Form 5329 - A modification has been made to the calculation of additional tax on education program distributions to account for negative earnings reported on Form 1099-Q
  • Form 8582 - A modification has been made to Passive Activity Loss Limitations, to the calculation of net income from a disposal of rental real estate property reported on Schedule E
  • Form 8839 - A modification has been made to the adoption credit calculation to account for certain nonrefundable credits when the adoption credit is limited by tax liability
  • A modification has been made to the calculation of a qualified charitable distribution (QCD) for Roth IRAs and Inherited Traditional IRAs
  • A modification has been made to the calculation of an HSA funding distribution (HFD) for Roth IRAs
  • A modification has been made to the Earned Income Credit (EIC) calculation to include spouse self-employment income less than $400 on returns where only the taxpayer is required to file Schedule SE

TaxAct Federal Version 1.02 Updates (Released 1/29/2013)

For Standard, Deluxe, and Preparer's 1040

Form Releases:
  • Form 5074 - Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands (CNMI)
  • Form 5884 - Work Opportunity Credit
  • Form 6478 - Alcohol and Cellulosic Biofuel Fuels Credit
  • Form 6765 - Credit for Increasing Research Activities
  • Form 8621 - Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund
  • Form 8689 - Allocation of Individual Income Tax to the U.S. Virgin Islands
  • Form 8834 - Qualified Electric and Plug-In Electric Vehicle Credit
  • Form 8844 - Empowerment Zone Employment Credit
  • Form 8845 - Indian Employment Credit
  • Form 8864 - Biofuels and Renewable Diesel Fuels Credit
  • Form 8900 - Qualified Railroad Track Maintenance Credit
  • Form 8908 - Energy Efficient Home Credit
  • Form 8909 - Energy Efficient Appliance Credit
  • Form 8910 - Alternative Motor Vehicle Credit
  • Form 8911 - Alternative Fuel Vehicle Refueling Property Credit
  • Form 8912 - Credit to Holders of Tax Credit Bonds
  • Form 8936 - Qualified Plug-in Electric Drive Motor Vehicle Credit
Form Updates:
  • Form 2210 - Underpayment of Estimated Tax by Individuals, a modification has been made to the calculation of the prior year tax amount to exclude the recapture of COBRA premium assistance
  • Form 4136 - Credit for Federal Tax Paid on Fuels, based on latest version
  • Form 8949 - Sales and Other Dispositions of Capital Assets, based on the final release of the instructions
  • Form 9465 - Installment Agreement Request, based on latest version
  • Schedule D - Capital Gains and Losses, based on the final release of the instructions

TaxAct Federal Version 1.01 Updates (Released 1/16/2013)

For Standard, Deluxe, and Preparer's 1040

Form Releases:
  • Form 1045 - Application for Tentative Refund
  • Form 1116 - Foreign Tax Credit
  • Form 2210 - Underpayment of Estimated Tax by Individuals
  • Form 2210-F - Underpayment of Estimated Tax by Farmers and Fisherman
  • Form 3468 - Investment Credit
  • Form 5695 - Residential Energy Credits
  • Form 8396 - Mortgage Interest Credit
  • Form 8815 - Exclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989
  • Form 8859 - District of Columbia First-Time Homebuyer Credit
  • Form 8880 - Credit for Qualified Retirement Savings Contributions
  • Form 8917 - Tuition and Fees Deduction
  • Form 8958 - Allocation of Tax Amounts Between Certain Individuals in Community Property States
  • Form W-4 - Employee Withholding Allowance Certificate
Form Updates:
  • Form 8606 - A modification has been made to the calculation of a qualified charitable distribution (QCD) with an IRA basis entry
  • Schedule 8812, Part I - Updated based on the final release of the instructions
  • Updated the Optional State and Certain Local Sales Tax Tables for Schedule A based on the latest data from the IRS
  • A modification has been made to the calculation of the child tax credit for Notary Public income