IRS News: Known Issue on Form 940 Submissions

Business rules SA-F940-0067-07, F940-016-07 and F940-015-07 are not working correctly. When multi-states and credit reduction states are both selected on Form 940 Schedule A the returns are rejecting. We are working to correct the issue and will let you know when you are allowed to re-submit your clients Multi-State Form 940.

The IRS has not provided a workaround for this issue. Please hold these returns until the IRS resolves the issue.

Payroll Compliance Reporting PCR) Version 24.1 Is Now Available

 In this release, the W-2 and 1099 mappings are updated to support the QuickBooks, Sage and Client Accounting Suite imports for 2024.

Installation Instructions:

The following installation types require the 24.1 update:

• Stand-Alone
• Workstation Only
• Workstation/Server

Server Only installations do not require the 24.1 update.

• As a best practice, it is recommended that you close the application on all workstations and update each one separately.