2021 Year End 1099 & W-2 Tax Processing

Webinar recordings and documentation.

In December 2020, a Webinar Series of Classes was created to help with tax handling for the end of 2020.
This page includes a copy of the documentation and a link to the recording of the December classes. You may watch these at any time or just read the documentation to ensure you are following the most up to date information.

SPECIAL NOTES TO BE AWARE OF:

Since the December webinar series new information is now available that may change how you process your end of year IRS preparation. Please see the special bullets below that will highlight additional information you need.

Payroll W-2 - Play Payroll Webinar Recording

How to handle your W-2 Reporting
How to handle changing tax tables for the new 2021 year
How to handle editing YTD totals for Year-end Last Minute adjustments.
Page 16 of the above document.
*NEW
You must report Covid-19 Sickpay\childcare payments in box 14 of W-2 form if you filed the Form 7222 to get a credit back from the IRS to cover healthcare costs.
You must upgrade to 20.3.0 service update 2 (released 1/12/21).
Clink Here → Covid-19 Sickpay\childcare link.
*NEW
Mask SSN on Print Payroll Checks is gone.
This is because the feature is now on each check. You may need to use report writer to tweak your current check form so that you use SOCIAL SECURITY NUMBER MASKED fields instead of the current SOCIAL SECURITY NUMBER.
You must edit your check forms to mask the SSN.
*NEW
Security is flagged to a NO for anyone to see payroll forms/reports in the spool.
You must reset security. Click here to go to detailed release page.

ACP 1099’s - Play ACP Webinar Recording

How to handle 1099-Misc Reporting
How to handle 1099-INT Reporting
How to correct reported numbers. - Page 7 of the above document.

PAT 1099’s. - Play PAT Webinar Recording

How to handle Year End 1099 reporting
How to handle Per-Unit-Retain Reporting. (Reporting patron member grain purchases)
Page 12 of above document.
How to handle Pass-Thru Credit Reporting
Page 23 of above document.
*NEW
Must updated to version 20.3.0 service update 2 (Released 1/12/21)
This release will auto fill Box 8 of the 1099-PATR form.
Click for Box-8 1099-PATR link.
*NEW
1099 PATR/DIV Substitute forms. There will be a fix to stop the ‘creep’ of printing down the 8.5x11 inch page in 20.3.0, service update 2 (Released 1/12/21)