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Keeping the 1099 Annual Report Program current
This page is for customers who have an older version of Power Closer's optional 1099 Annual Report program and want to determine whether the old program is still usable. New users may skip this page and click here.
On this page:
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The 1099 Annual Report program for TY 2007Power Closer 1099 Annual Report Program version 3.3.0 for Tax Year
2007, released in November, 2007, runs with
Windows 95, 98, Me, NT, 2000, XP, or Vista. It is designed to comply with the Tax Year
2007 data specification, and to be valid for filings through at
least October 2008. It should be used for all 1099-S reports to IRS, even to file for prior
tax years, unless you use version 3.2.31 as explained next: |
The 1099 Annual Report program for TY 2006If you purchased Power Closer 1099 Annual Report Program version 3.2.31 for Tax Year 2006, it is our understanding that you may continue to use it for the time being, subject to the following cautions. During the summer of 2007, IRS changed the filing data specification for Tax Year 2007. Normally, this would require updating the report software. However, because of the nature of the changes, and based on our conversations with IRS representatives and our test filings, we expect that IRS is reasonably certain to accept data prepared using version 3.2.31 for the time being. If you use version 3.2.31, it would be prudent to file early to allow time to resubmit if that becomes necessary. You can also verify that your data is accepted by IRS. To do this, you can revisit the IRS website on or about the next business day after you upload the electronic submission, and examine the status of your submission to see if it was accepted. Please note that Power Closer 1099 Annual Report Program version 3.2.31 is not designed to run on Windows Vista, and might probably encounter a problem running on that software platform. That problem is fixed in 1099 Annual Report Program version 3.3.0 for Tax Year 2007. Vista users see also Power Closer version 3.3 |
The 1099 Annual Report program for older versions
Older versions of the 1099 Annual Report were rendered obsolete when IRS made changes to report filing specifications. The average life of the program for most users is running two and a half years.
| Version | Useful life | |
| TY 2007 | TY 2007 and maybe more, v 3.3.0 updated for Vista. | |
| TY 2006 | TY 2006, 2007, v. 3.2.31 still works for most users. | |
| TY 2003 | reported TY 2003, 2004, 2005, now out of date. | |
| TY 2002 | reported TY 2002. | |
| TY 2001 | reported TY 2001. | |
| TY 1998 | reported TY 1998, 1999, 2000. |
Recognizing out-of-date versions
The report program file normally installs in a particular workstation's Power Closer program folder, usually C:\P-Closer\1099rept.exe. The obsolete program's initial title bar reads "Select Tax-ID for this 1099 Annual Report (3.x.xx)". If the program window is very narrow, you may have to widen or maximize it to see the version number in the title bar.
We recommend that the obsolete programs be deleted to avoid using
them by mistake. Once the program is out of date, IRS no
longer accepts data created with them even for the tax year for which they were originally
designed. If you use an out of date version, IRS will probably be unable
to read the data, and you will likely receive a notice giving ten
days to resubmit in the correct format or incur penalties.
Other IRS changes that may affect you
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IRS rejects CD's and 3 1/2" diskettes, and requests that a
replacement 1099-S Report be filed electronically.
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Form 8809 Application for Extension of Time To File Information Returns was revised in
May 2007.
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For 4419 Application for Filing Information Returns Electronically was
revised in June 2007.
- The Martinsburg Computing Center was renamed the Enterprise Computing Center - Martinsburg. Refer to Publication 1220 for current IRS addresses and telephone numbers.
You may download current versions of the forms and publications at www.irs.gov.
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