Updates
- You are reporting gains on Form AR100DGW, lines 17 and 18; and
- The amount on Form AR1000, line 37 is over $25,000.
- Click here to download the update.
- Open Form AR1000DGW.
- Recalculate the return by clicking Recalc now on the Options menu.
- Save your return.
- Your filing status is Married Filing Separately on the same return;
- You are reporting gains on Form AR100DGW, lines 17 and 18; and
- The amount on Form AR1000, line 37 is over $25,000 for either taxpayer.
- Your filing status is NOT Married Filing Jointly; and
- Your return includes an addition to income reported on Schedule CA, line 33 or Schedule CA (540NR), line 34.
- You are filing Form CT-6251;
- Your filing status is married filing separately; and
- The amount on line 5 is $225,000 but less than $255,000.
- You have an entry greater than zero on line 1 of the Low Income Credit Worksheet.
- You have a low income credit calculated on line 18a or 18b of Form D-40, or line 18 of Form D-40 EZ.
- You installed the District of Columbia State Edition from the All-State CD. (This problem does NOT apply if you downloaded the State Edition.)
- Your filing status is married filing separate or head of household.
- You are claiming the standard deduction.
- You file Form 601-I after June 30, 1999; and
- You do not pay any tax due by June 30, 1999.
- On the Tools menu, and click Unprotect HI Sch X.
- On the Tools menu, click Define Name. The Define Name dialog appears.
- In the Name field, type SabFreeze .
- Click the Delete button.
- Click the OK button.
- On the Tools menu, select Protect HI Sch X.
- You reported a capital gain or loss on the Tax on Capital Gains Worksheet for Form N-11, line 26 or Form N-12, line 39; and
- Your filing
status is:
- married filing jointly and your taxable income is less than $11,000; or
- single or married filing separate and your taxable income is less than $5,500. - Click here to download and install the update.
- Verify your entries on the Tax on Capital Gains Worksheet and make any necessary corrections.
- Save your return.
- You installed the Illinois State Edition from the All-State CD (This problem does NOT apply if you downloaded the State Edition.) ; and
- You are filing estimated tax vouchers.
- You installed the Indiana State Edition from the All-State CD. (This problem does NOT apply if you downloaded the State Edition.)
- You live or work in Adams, Jackson, Owen or St. Joseph counties; and
- You pay Indiana county tax.
- On the Prepare tab, click Forms.
- Open the Background Worksheet.
- Scroll down to line 4, County of Residence and County of Principal Employment.
- Enter the correct rate.
- You installed the Indiana State Edition from the All-State CD. (This problem does NOT apply if you downloaded the State Edition.)
- You live or work in Adams or Owen counties; and
- You pay Indiana county tax; and
- You had to pay a local income tax outside Indiana.
- You installed the Iowa State Edition from the All-State CD. (This problem does NOT apply if you downloaded the State Edition.)
- You received a federal tax refund in 1997.
- Click here to download and install the update.
- Calculate the self-employment/household employment tax and enter it on Form IA 1040, line 28.
- In the Iowa State Edition of TaxCut, open Form IA 1040.
- Go to Step 4, line 1.
- Enter the correct amount of your federal wages by overriding the data in the field.
- You can be claimed as a dependent by another taxpayer; and
- In the Federal Edition of TaxCut, you checked box 4a on the Background Worksheet, or you answered "Yes" to the interview question asking if you can be claimed as dependent by someone else.
- You converted a traditional IRA to a Roth IRA for the 1998 tax year; or
- You received an early IRA or 401(k) distribution that doesn't qualify as a subtraction from Michigan income. Click here for information about qualifying retirement and pension benefits.
- On the Prepare tab, click the Forms button.
- In the Forms list, double-click Schedule 1, Additions and Subtractions.
- Delete the current amount on line a of the Mini-Worksheet for Retirement and Pension Benefits, and enter the correct retirement and pension benefits amount.
- pension plans that define eligibility for retirement and set contribution and benefit amounts in advance
- qualified retirement plans for the self-employed
- distributions from a 401(k) plan attributable to employer contributions or attributable to employee
- contributions to the extent they result in matching contributions by the employer
- IRA distributions received after age 59 1/ 2 or described by Section 72(t)(2)(iv) of the IRC
- benefits paid to a senior citizen (age 65 or older) from a retirement annuity policy
- which are paid for life (as opposed to a specified number of years)
- benefits from any of the previous received as a surviving spouse.
- the State of Michigan
- Michigan local governmental units (e.g., Michigan counties, cities and school districts)
- tier 1 and 2 railroad retirements
- federal civil service
- military retirement from the U.S. Armed Forces.
- Amounts received from a deferred compensation plan that lets the employee set the amount to be put aside and does not set retirement age or requirements for years of service. These plans include, but are not limited to plans under Section 457 and distributed under Section 401(k) of the Internal Revenue Code.
- Amounts received before the recipient could retire under the plan provisions, including amounts paid on separation, withdrawal or discontinuance of the plan.
- Amounts received as early retirement incentives, unless the incentives were paid from a pension trust.
- You have a dependent child born in 1998; and
- In the Federal Edition of TaxCut, you either entered the dependent child's age as 0 or left the field blank.
- You are itemizing deductions on your federal and Missouri tax returns; and
- On Form W-2, your local taxes don't equal your St. Louis and Kansas City earnings taxes.
- You reported taxable retirement income on federal Form 1040, line 15b or Form 1040A, line 10b; and
- Your Missouri adjusted gross income on Form MO-A, Part 3, line 4T is less than:
- $32,000 if Married Filing a Combined Return
- $25,000 if Single, Head of Household or Qualified Widower
- $16,000 if Married Filing Separate
- You are filing federal Schedule F, Profit or Loss from Farming;
- Your Missouri filing status is married filing a combined return; and
- You are a full-year Missouri resident filing Form MO-1040 or a part-year Missouri resident filing Form MO-CR.
- Your filing status is Married Filing Separate;
- You are 65 years or older; and
- You reported less than $800.00 of interest income.
- In the New Mexico State Edition, open Form PIT-1.
- Go to line 6.
- Enter the correct amount of your deduction reported on federal Form 1040EZ, line 5 by overriding the data in the field.
- You are filing Form IT-201-X to amend your 1998 return; and
- Your taxable income on line 7, column C is more than $100,000.
- You installed the Ohio State Edition from the All-State CD. (This problem does NOT apply if you downloaded the State Edition).
- You are filing estimated tax vouchers.
- You are a part-year or non-resident of Ohio; and
- You are reporting interest and/or dividend income.
- You are reporting income or loss from a farm activity on federal Schedule F, Profit or Loss From Farming; and
- You are entering this farm activity on Pennsylvania Schedule C-F Worksheet.
- On the Prepare tab, click Forms.
- Open the Pennsylvania Schedule C-F Worksheet relating to your farming activity.
- On the Mini-Worksheet at the top of the form, if Schedule F is checked for the Corresponding form, scroll down to C-F Reconciliation Worksheet, Part A.
- Delete the incorrect data in the Business Address and City, State, Zip Code fields and enter your correct address.
- On the Prepare tab , click the Forms button.
- In the Forms list, double-click Form I-319, Tuition Tax Credit(s).
- Complete Form I-319, and then click Save on the File menu.
- Complete
your entire South Carolina return, and save your return again.
Note: Do not close the program until you complete and print your state return. If you close TaxCut before printing your return, the information in Form I-319 will not be saved. - Click the File tab and follow the instructions on how to print and file your return.
- You are filing Form SC1040A; and
- You have either one or two dependents under the age of six.
- On the Prepare tab, click the Forms button.
- In the
Forms list, double-click "Dependents Under Six Worksheet."
Note: If the worksheet doesn't appear in the list, uncheck the "Show Only Forms with Data" option. - Enter each dependent's birth date and social security number by overriding the entry fields on the worksheet.
- Save your return by clicking Save on the File menu.
1998
Windows Calculation Alerts and Other Problems
 Arkansas -- Form AR1000DGW, Capital Gains and Losses Adjustment Schedule Users Affected: You are affected only if you meet both of the following conditions: Problem:
TaxCut incorrectly transfers the amount on Form AR1000,
line 35 to Form AR1000DGW, line 20. The correct amount that
should be transferred is from line 37 on Form AR1000. Return
to Other State Problems Users Affected: You are affected only if you meet all of the following conditions: Problem:
TaxCut calculates capital gains
(Form AR1000DGW, Part IV, Maximum Capital Gains Worksheet) only
if the individual's taxable income is greater than $25,000. Gains
should be calculated for both filers if either spouse has taxable
income greater than $25,000. Return
to Other State Problems Return
to Other State Problems Problem:
The
addition to income is incorrectly reported as additional tax on
Form 540 or Form 540NR. Return
to Other State Problems Return
to Other State Problems Problem:
The
Connecticut Department of Revenue issued a correction to the instructions
for Form CT-6251, line 5 after we released the Connecticut State
Edition of TaxCut. The amount at which an additional $22,500 is
added to line 5 was printed as $225,000 instead of $255,000. If
the amount on Line 5 is $225,000 but less than $255,000, the correct
amount that should be added is 25% (.25) of the excess amount
over $165,000. Return
to Other State Problems Return
to Other State Problems Problem:
If
you have a federal tax liability greater than zero on line 1 of
the Low Income Credit Worksheet, the low income credit may be
calculated incorrectly. Return
to Other State Problems Problem:
The
standard deduction that TaxCut enters on Form D-40, Line 6 for
married filing separate and head of household filers is incorrect. Correct
D.C. Standard Deduction Return
to Other State Problems Problem: The Florida Department of Revenue recently released a correction to the instructions for intangible penalty rates. The original instructions stated that taxpayers who didn't file and pay any tax due by June 30, 1999 would be assessed a 10% delinquency penalty and a 10% late filing penalty per month or portion of a month (bringing the total to 20% per month) not to exceed a maximum of 50% of the tax due. The correct
assessment for the combined total of the delinquency penalty and
specific late filing penalty is only 10% per month or portion
of a month not to exceed a maximum of 50% of the tax due. Return
to Other State Problems Click here to download the update. Return
to Other State Problems Return
to Other State Problems Problem:
The Tax on Capital Gains Worksheet is not calculating
the correct capital gains tax. Return
to Other State Problems Problem: The
Illinois Department of Revenue had not approved the estimated
tax vouchers for filing when we released the Illinois State Edition
on the All-State CD-ROM. Return
to Other State Problems Problem:
TaxCut's state instructions
display incorrect county tax rates for Adams, Jackson, Owen or
St. Joseph counties. Entering these rates will cause an incorrect
county tax calculation on Schedule CT-40 and Form IT-40 ,
line 14 (or Schedule
CT-40PNR and Form IT-40PNR ,
line 12
for part-year/nonresidents). Correct
Adams County Rates Correct
Jackson County Rates Correct
Owen County Rates Correct
St Joseph County Rates Return
to Other State Problems Problem:
TaxCut's state instructions
display incorrect county tax rates for Adams and Owen counties.
Using these rates will cause you to calculate an incorrect amount
on Schedule 2, line 1 (Schedule E, line 1 for part-year/nonresidents). Use the correct rate listed below when calculating Schedule 2, line 1 (Schedule E, line 1 for part-year/nonresidents). Correct
Adams County Rates Correct
Owen County Rates Return
to Other State Problems Problem:
TaxCut
incorrectly transfers the amount of your 1998 federal overpayment
from federal Form 1040, line 66a (Form 1040A, line 40, or Form
1040EZ, line 11a) to Iowa Form IA 1040, line 27. Line 27 should
report the amount of your 1997 federal tax refund. Return
to Other State Problems Return
to Other State Problems Return
to Other State Problems Return
to Other State Problems Return
to Other State Problems Return
to Other State Problems Problem:
TaxCut doesn't include a personal exemption
on your Louisiana return, resulting in an overstatement of your
Louisiana taxable income. Return
to Other State Problems Return
to Other State Problems Return
to Other State Problems Return
to Other State Problems Users Affected: You are affected only if either of the following conditions apply: Problem:
TaxCut
includes Roth conversions and early retirement distributions as
subtractions on Schedule 1, line 12, resulting in an understatement
of your Michigan adjusted gross income. You may subtract all pension benefits included in AGI which are received from the following public sources: You may not subtract: Return
to Other State Problems Problem:
TaxCut
does not include the Michigan Special Exemption for children ages
6 and under on Form MI-1040, line 8K. Return
to Other State Problems Click here to download the update. Return
to Other State Problems Return
to Other State Problems Problem:
The
calculation to determine your net state income taxes on Form MO-1040A,
line 9 or Form MO-A, line 12 doesn't include the adjustment entered
on line b of the Miniworksheet for Local Taxes. As a result, the
amount of your itemized deductions may be too low. Return
to Other State Problems Problem:
The
Missouri Department of Revenue recently revised the instructions
for Form MO-A, Part 3, lines 7Y, 7S and 7T to include taxable
retirement income reported on federal Form 1040, line 15b or Form
1040A, line 10b. Because this change was made after we released
the Missouri State Edition of TaxCut, lines 7Y, 7S and 7T do not
include the federal amounts, which may result in an understatement
of your exemption. Return
to Other State Problems Problem:
Farm
income or loss reported on federal Schedule F, line 51 is not
carried to MO-AGI Worksheet, line 12. As a result, your Missouri
adjusted gross income reported on Form MO-1040, line 11 will be
incorrect. Return
to Other State Problems Return
to Other State Problems Problem:
TaxCut
incorrectly includes an exclusion of $800.00 on Form 2, line 27.
The exclusion should equal the amount of interest income reported. Return
to Other State Problems Users
Affected: You are affected only if you are filing
Form 1040N-ES, Nebraska Individual Estimated Income Tax. Return
to Other State Problems
We apologize for any inconvenience this may have caused you. Return
to Other State Problems Return
to Other State Problems Problem:
TaxCut
incorrectly calculates the tax on line 8, column C. Return
to Other State Problems Return
to Other State Problems Click here to download and install the update. Return
to Other State Problems Problem: The
Ohio Department of Revenue had not approved the estimated tax
vouchers for filing when we released the Ohio State Edition on
the All-State CD-ROM. Return
to Other State Problems Problem:
In calculating the Nonresident/Part-Year Resident Credit on the
Ohio Form IT-1040, page 2, Schedule D, TaxCut enters the wrong
income amount in the federal column on line a of the Mini-Worksheet
for Portion of Ohio AGI Not Earned/Received in Ohio. This results
in an overstatement of the amount reported on Form IT-1040, line
59 and an understatement of your allowable credit. Return
to Other State Problems Click here to download the update. Return
to Other State Problems Return
to Other State Problems Click here to download the update. Return
to Other State Problems Problem:
TaxCut
enters incorrect data in the Business Address and City, State,
Zip Code fields on Pennsylvania Schedule C-F Worksheet for farm
activities, Part A. You should enter this information into the
fields. Return
to Other State Problems Users
Affected: You are affected only if
you are filing Form I-319, Tuition Tax Credit(s). Return
to Other State Problems Users Affected: You are affected only if you meet all of the following conditions: Problem:
TaxCut's Interview doesn't require you to complete
the "Dependents Under Six" worksheet. This worksheet
must be filed with your return. Return
to Other State Problems Return
to Other State Problems |