Version 3.9.9.01 Release Notes

Release Date: 2/4/2021

Following is a summary of the updates included in the Tenmast Software released:

UPDATE! UPDATE!

(04 Feb 2021) Corrected the issue with the 1099-MISC submission file sending the incorrect amount codes. The error message reads, "You cannot report Amount code G in an "A" record positions 28-43 for current year Form 1099-Misc. You cannot report Amount Code "7" in an "A" record positions 28-43 for Form 10099-Misc. See Publication 1220 and Form 1099-NEC for current year reporting." Once your agency has received the update, simply re-create the submission file and submit the new file. Case: PD-3740 (IR-111852)

Corrected the 1099-MISC Form. Box 10 was printing in the position for Box 14. Case: PD-3674 (IR-111778)

Corrected the issue with the 1099-MISC submission file sending the incorrect amount codes. Case: PD-3688 (IR-111788)

Import Note about 1099s

With the release of the new 1099-NEC form, which will print the Vendor Nonemployee Compensation records, we have added two fields to the Vendor table and the S8 Landlord table to determine which form needs to be printed.

In an attempt to make your job easier, the update has set these flags accordingly giving Vendors the checkbox for printing the 1099-NEC and the Landlords the checkbox for printing the 1099-MISC. If these have been marked incorrectly, plesae use the Maintain Vendor screen in the Accounts Payable program and the Maintain Landlord screen in the Section 8 T&L program to update these correctly.

LL Access: When your landlords view or print a copy for the 1099s for the year 2020 from the Landlord Access Portal, it is printing the Copy B, for Recipients copy of the form which is for the Landlord’s reference only. The form will not print correctly on the newly updated 2020 1099 form from Landlord Access. This does not impact the filing of the 1099 as the correct amount will still appear in Box 1. If there are amounts that appear in Boxes 7 through 17, the information will be on the form, but it will not be aligned properly. Please note that within the 1099 Tenmast software, all 1099 information, both for the IRS submission file and printing, is using the correct 2020 form.

Tax Tables

Federal Tax Tables have been updated for 2021. Cases: PD-3281, PD-3538
State Tax Tables have been updated for 2021. Cases: PD-3501 (AR), PD-3502 (ME), PD-3503 (MO), PD-3504 (SC), PD-3535 (ND), PD-3536 (NY), PD-3559 (KY), PD-3561 (OR), PD-3583 (VT)

Accounts Payable

Fields have been added to the Maintain Vendor screen to check whether the Vendor should receive the 1099-NEC or the 1099-MISC. The default for Vendors who need a 1099 is the 1099-NEC.
On the Reports Menu, an option has been added to the Vendor 1099 Listing to filter by the 1099-NEC or the 1099-MISC.

Section 8 Tenant and Landlord

A field has been added to the Maintain Landlord screen on the Owner tab to check whether the Owner should receive the 1099-MISC. The default for Landlords who need a 1099 is the 1099-MISC.

IRS 1099

The 1099-NEC has been added to all drop down boxes in the program.
Gather / Edit 1099 Option - When you gather, the 1099-NEC will automatically be included in the process.
Gather / Edit 1099 Option - Add Manual option. The option to add a manual 1099-NEC has been added to the program.
Gather / Edit 1099 Option - Add Manual option. The option to add a manual 1099-MISC has been updated to the new form for 2020.
Gather / Edit 1099 Option - Edit option. The Edit option will correctly display the proper form that is chosen to be edited.
Reports Menu - The Pre-1099 Report has been updated to include the option to print the 1099-NEC. These will also be included when printing the report for all forms.
Reports Menu - The 1099-NEC form has been added as an option to print the contents of the form on pre-printed IRS 1099-NEC forms.
Reports Menu - The 1099-MISC form has been updated to the newest format for 2020. This will print the contents on the pre-printed IRS 1099-MISC forms.
Generate Option - The new 1099-NEC form will be included in the submission file with the other forms that were gathered.
Generate Option - The 1099-MISC submission format has been modified to meet the new 2020 requirements.

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