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Benefits

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Description

<description>Prevent the IRS from rejecting or incorrectly allocating per-unit retains.

Description

Per IRS regulations, negative per-unit retains will not be reported individually or in the total records when generating 1099 in electronic or printed forms.

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Regulatory2022: Support printing and e-filing of information tax forms for 2022 (for processing in 2023) including 1099-DIV, 1099-INT, 1099-MISC, 1099-NEC, 1099-PATR and W-2 (AGS-21468)

Regulatory2022: IRS Rejected IRSTAX file because of zero quantity "C" record for 1099-MISC & 1099-INT. (AGS-19541)