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Power Closer Updates
On this page:
See also these pages:
Getting Power Closer updates
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The Power Closer Update CD is available for $60 plus $1 shipping and handling. The Power Closer Update CD does not |
| include the 1099 Annual Report Program, and vice versa. | |
Customers may email sales@argosylegal.com. We must be able to identify you as a customer. Please include your company name, mailing address, phone and fax numbers, any changed contact information, and who we should contact. Thank you.
Don't forget that the Power Closer update would be included with any Power
Closer upgrade at no additional cost.
Alternatively, with Annual
Support you can download the Power Closer update from this website as
needed.
Power Closer 3.3.04
Power Closer 3.3.04 fixes a
problem where selecting the Quicken/QIF option on the Site...Accounting Setup
screen results in the option reverting back to QuickBooks. The problem first
appeared in Power Closer 3.3.00 beta.
Power Closer 3.3.03
Power Closer 3.3.03 fixes a problem encountered only in Power Closer 3.3.01 when entering the Type Of Loan on Windows versions prior to Windows XP.
It also prevents a problem that can cause any prior version of Power Closer to wait for input when running together with Trend Micro ("PC-cillin") Internet Security starting with its 2008 version if that antivirus software is not properly configured.
Power Closer 3.3.03 runs with Windows 95, 98, Me, NT, 2000, XP,
or Vista.
New Features in Power Closer 3.3.01
Windows Vista's User Account Control (UAC)
Power Closer encountered a problem running under Windows Vista because of Vista's User Account Control (UAC) feature. Power Closer users who run Windows Vista should update to Power Closer 3.3.01, which addresses that problem. Power Closer users who run Windows Vista should also update the 1099 Report program.
Power Closer 3.3.01 runs with
Windows XP or Vista.
New Features in Power Closer 3.2.40
1099-S Reporting Exemption
Power Closer's 1099-S Reporting Exemption is updated in accordance with IRS Revenue Procedure #2007-12. Power Closer's 1099-S Reporting Exemption is the form that a transferor may sign upon the sale or exchange of a principal residence in order to relieve the settlement agent from liability for not reporting the transaction to the IRS. More about this ...
The 1099-S Reporting Exemption is also affected by changes to handling of the
Brief Legal Description, below.
Form 1099-S
The Transferor Copy of Form 1099-S is updated.
Also, when you delete a seller name, any 1099 record associated with that seller is now automatically deleted. This should avoid the need to manually delete the 1099 in cases where an existing sale closing is copied to a new closing for a refinance or second mortgage.
Form 1099-S is also affected by changes to the Brief Legal Description, next.
Brief Legal Description
When you elect to use the brief legal in place of the property address, Power Closer now appends the City, State and ZIP code fields from the property address, if present, and truncates the brief legal as necessary at the point where the brief legal description would otherwise overflow the space reserved for the property City, State and ZIP fields, in the following places: 1) HUD-1 and HUD-1A, 2) Form 1099-S Transferor Copy, and 3) 1099-S data reported to IRS by the separate Power Closer 1099-S Annual Report Program.
If you are accustomed to entering the City, State and ZIP on the brief legal description screen, then you should now enter that information only in the City, State and ZIP fields at the bottom of the Address screen, below the street address fields, to avoid duplication.
Power Closer data entry screens are updated in accordance with the changes.
New Checklist warning message
A new Checklist message warns if the property City, State or ZIP are missing.
Bug fix involving HUD-1 Line 704 POC
It was possible for Power Closer to crash on the Broker Commission part of
HUD-1 data entry, if the POC field was used on line 704. The result was runtime
error 340, Control Array Element [x] does not exist, ([x] could be 8 or 10).
This is fixed.
See also: