This release corrects a bug in date handling introduced in 19.3.0.0.

This release reflects the following rate changes effective July 1, 2019:

• Alabama changed from 6.00% to 5.00% for both underpayments and overpayments.
• Arizona changed from 6.00% to 5.00% for both underpayments and overpayments.
• Federal changed from 6.00% to 5.00% for underpayments and from 5.00% to 4.00% for overpayments. Continue reading →

This release reflects the following rate changes effective April 1, 2019:

• California will change from 5.00% to 6.00% for underpayments effective July 1, 2019; the rate for overpayments remains unchanged at 2.00%.
• Michigan will change from 5.90% to 6.39% for both underpayments and overpayments effective July 1, 2019.
• Missouri’s rate for overpayments changed from 1.50% to 1.70% effective April 1, 2019, and will change to 1.90% effective July 1, 2019; the rate for underpayments was changed from 4.00% to 5.00% retroactive to January 1, 2019.
• Mississippi changed from 12.00% to 6.00% retroactive to January 1, 2019, for both underpayments and overpayments.

This release includes two categories of updates:

• Implementation of special due date handling for June 30 taxpayers for state tax jurisdictions in addition to the Federal implementation included in release 18.4.1.0.
• Additional rate changes that were not published when release 18.4.1.0 was posted.

The special due date handling was implemented for the following jurisdictions: Continue reading →

This is an interim release that provides two categories of updates:

• An initial implementation of special due date handling for June 30 taxpayers for federal income taxes only. Other jurisdictions with June 30 taxpayer due date rules will be included in the 2019.1.0.0 release.
• Published interest rate changes as of December 22, 2018, that are effective January 1, 2019, as follows:
  • Alabama from 5.00% to 6.00% for both underpayments and overpayments
  • Arizona from 5.00% to 6.00% for both underpayments and overpayments
  • California from 4.00% to 5.00% for underpayments and 1.00% to 2.00% for overpayments
  • Colorado from 7.00% to 8.00% for both underpayments and overpayments
  • Federal from 5.00% to 6.00% for underpayments and 4.00% to 5.00% for overpayments Continue reading →

Effective October 1, 2018, the interest rate for both underpayments and overpayments for the state of Alaska increased from 7.75% to 8.00%. In addition, the following changes, due to become effective January 1, 2019, have already been incorporated:

• California will change from 4.00% to 5.00% for underpayments and 1.00% to 2.00% for overpayments.
• Colorado will change from 7.00% to 8.00% for both underpayments and overpayments.
• Idaho will change from 4.00% to 5.00% for both underpayments and overpayments. Continue reading →

Release 18.3.0.2 incorporates some improvements in handling special cases for calculations done using the Custom Calculation panel, mainly in the area of flagging potential conflicts such as mixing large federal underpayments and overpayments.

Release 18.3.0.1 includes a rate increase from 7% to 8% for Florida retroactive to July 1, 2017.

Release 18.3.0.0 reflects the following changes effective July 1, 2018:

• Alaska changed from 7.50% to 7.75% compounded quarterly for both underpayments and overpayments.
• Illinois changed from 4.00% to 4.50% simple interest for both underpayments and overpayments.
• Michigan changed from 5.15% to 5.41% simple interest for both underpayments and overpayments. Continue reading →

Release 18.2.0.0 reflects the following changes effective April 1, 2018:

• Alaska changed from 7.25% to 7.50% compounded quarterly for both underpayments and overpayments.
• Alabama changed from 4.00% to 5.00% simple interest for both underpayments and overpayments.
• Arizona changed from 4.00% to 5.00% compounded annually for both underpayments and overpayments.
• Federal changed from 4.00% to 5.00% compounded daily for underpayments and 3.00% to 4.00% compounded daily for overpayments. Continue reading →