TaxSaver Update News for March 14, 2000
You can download the latest changes to TaxSaver. The following forms are final, and they are available for update. Just click Next at the bottom of this screen, and then click Download on the following screen. For more detailed information about the updates—and to print the update information—on the Resources menu in TaxSaver, click TaxSaver on the Web, and then click Product Updates.

Program Issues

Quitting TaxSaver when an underpayment penalty has been calculated
If you quit TaxSaver and an underpayment penalty has been calculated, and then you start TaxSaver again, the underpayment penalty reported on your return may not be correct.

Solution

Download the latest TaxSaver updates. On the File menu, click Update TaxSaver. The updates will resolve this issue.

Note	The following notes document all previous TaxSaver updates that have been released to date. With the update for March 14, 2000, your copy of TaxSaver contains all the changes made to the program for tax year 1999.

TaxSaver Update News for February 25, 2000
You can download the latest changes to TaxSaver. The following forms are final, and they are available for update. Just click Next at the bottom of this screen, and then click Download on the following screen. For more detailed information about the updates—and to print the update information—on the Resources menu in TaxSaver, click TaxSaver on the Web, and then click Product Updates.

Program Issues

Issue

Quitting TaxSaver while entering information in multiple-line fields
If you quit TaxSaver while entering data into a box with multiple-line entries, and then you start TaxSaver again and continue to enter data, the calculated totals may not be correct.

Solution

Download the latest TaxSaver updates. On the File menu, click Update TaxSaver. The updates will resolve this issue.

Electronic Filing 

Issue

Taxpayer’s and spouse’s name suffix
If a taxpayer’s or spouse’s name includes a suffix (II, III, etc.) written as an arabic numeral (2, 3, etc.), the name may be formatted incorrectly. A name may also be formatted incorrectly when special characters (/, —, etc.) are used in addition to letters in the suffix field. 

Solution

Download the latest TaxSaver updates. On the File menu, click Update TaxSaver. The updates will resolve this issue.

Issue

Dependent care benefits on Form W-2
If you enter dependent care benefits on Form W-2, but you do not enter expenses for child and dependent care, you cannot successfully file the tax return electronically. 

Solution

Download the latest TaxSaver updates. On the File menu, click Update TaxSaver. The updates will resolve this issue by reminding you to enter your expenses.

Issue

Claiming the earned income credit (EIC) using an override of wages
In order for you to claim the earned income credit, your tax return must include specific types of income. One allowable type of income is wages. For electronic filing, you must enter these wages on Form W-2. TaxSaver then transfers this amount to Form 1040, Form 1040A, or Form 1040EZ. When filing electronically, the IRS will not accept an override on the wages line on these forms without a Form W-2 being present.

Solution

Download the latest TaxSaver updates. On the File menu, click Update TaxSaver. The update will resolve the issue by preventing you from filing your return electronically until you remove the override.

TaxSaver Update News for February 9, 2000
You can download the latest changes to TaxSaver. The following forms are final, and they are available for update. Just click Next at the bottom of this screen, and then click Download on the following screen. For more detailed information about the updates—and to print the update information—on the Resources menu in TaxSaver, click TaxSaver on the Web, and then click Product Updates.

Updated Forms
The following forms are now ready for filing with the IRS:

Form 1040-ES, Estimated Tax for Individuals

Form 1040X, Amended U.S. Individual Income Tax Return

Form 1116, Foreign Tax Credit

Form 2210, Underpayment of Estimated Tax by Individuals, Estates, and Trusts

Form 2210-F, Underpayment of Estimated Tax by Farmers and Fishermen

Form 2688, Application for Additional Extension of Time To File U.S. Individual Income Tax Return

Form 2848, Power of Attorney and Declaration of Representative

Form 3800, General Business Credit

Form 4136, Credit for Federal Tax Paid on Fuels

Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return

Form 6781, Gains and Losses From Section 1256 Contracts and Straddles

Form 8582-CR, Passive Activity Credit Limitations

Form 8586, Low-Income Housing Credit

Form W-4, Employee's Withholding Allowance Certificate

TD F 90-22.1, Report of Foreign Bank and Financial Accounts

Updated Worksheets

Tax Planning Worksheets

TaxSaver Update News for January 19, 2000
You can download the latest changes to TaxSaver. The following forms and features are final, and they are available for update. Just click Next at the bottom of this screen, and then click Download on the following screen. For more detailed information about the updates—and to print the update information—on the Resources menu in TaxSaver, click TaxSaver on the Web, and then click Product Updates.

Electronic Filing
Electronic filing is approved by the IRS and available in this update.

Updated Forms
The following forms are now ready for filing with the IRS:

Schedule H (Form 1040)—Household Employment Taxes

Form 2441, Child and Dependent Care Expenses

Form 4137, Social Security and Medicare Tax on Unreported Tip Income

Form 4835, Farm Rental Income and Expenses

Form 4952, Investment Interest Expense Deduction

Form 4972, Tax on Lump-Sum Distributions

Form 5329, Additional Taxes Attributable to IRAs, Annuities, MSAs, etc.

Form 6198, At-Risk Limitations

Form 6251, Alternative Minimum Tax—Individuals

Form 6252, Installment Sale Income

Form 8271, Investor Reporting of Tax Shelter Registration Number

Form 8396, Mortgage Interest Credit

Form 8453-OL, U.S. Individual Income Tax Declaration for an e-file On-Line Return

Form 8582, Passive Activity Loss Limitations

Form 8606, Nondeductible IRAs

Form 8615, Tax for Children Under Age 14 Who Have Investment Income of More Than $1,400 

Form 8801, Credit For Prior Year Minimum Tax—Individuals, Estates, and Trusts

Form 8812, Additional Child Tax Credit

Form 8815, Exclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989

Form 8822, Change of Address

Form 8839, Qualified Adoption Expenses

Form 8853, Medical Savings Accounts; Long-Term Care Insurance Contracts

Form 8863, Education Credits (Hope and Lifetime Learning Credits)

Form 9465, Installment Agreement Request

Updated Worksheets

Child Tax Credit Worksheet (Form 1040)

Sale of Main Home Worksheet (Schedule D)

Vehicle Expense Worksheet