1. 1 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Taxport Update July 2015 2015.7 Clark Sells – Product Management

2. 2 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Agenda Release Logistics Timing Communications Getting More Information Release Details Password Reset Form Updates ACA Updates

3. 3 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Communications When: Hosted 7/25/2015 Intermittent Downtimes (hosted only): Casino: 6:00 am – 10:00 am central Non Casino: 6:00 am – 2:00 pm central

4. 4 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Email Notification Confirm release timing Review release highlights Plan for future releases

5. 5 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Notes Additional details about what is included in the release

6. 6 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details

7. 7 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 Password Reset via Email Enabled http://support.convey.com/taxport/reset.html

8. 8 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY To Do List Ensure ALL Taxport users have a valid email Set up security question and answer

9. 9 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 Compliance Updates Minor Instruction or no changes only 1099A1099Q5498 1099B1099R5498SA 1099C1099S5498ESA 1099CAP1099SA 1099LTC1098E 1099PATR1098T

10. 10 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 Compliance Updates FATCA Filing Requirement – 1099MISC, 1099DIV, 1099OID, 1099INT

11. 11 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 1099-INT New Box 13 Removed Box 12 Renumbered 14 to 17 Death Claim Indicator 2015 going forward

12. 12 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 1099-MISC Instruction too large for 1 page Default print now 2 pages DUPLEX Enabled for 2015 Aliases Saved Print Resources need action

13. 13 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 1098 IRS Removed Box 4 (Mortgage Ins Premium) Taxport did not apply this update

14. 14 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 1099K New Validation Validation Code BeforeAfter X9K010NAIf TRANSACTIONTYPE= 2 (Third Party Network), then box 1b CARDNOTPRESTRANS must be 0 or null

15. 15 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 W2 Validation Changes Validation Code BeforeAfter W016TaxYear 2014 BOX4 must be <= 7,254.00 TaxYear 2015 BOX4 must be <= 7,347.00 W017For TaxYear 2014 (BOX3 + BOX7) must be <= 117,000 For TaxYear 2014 (BOX3 + BOX7) must be <= 118,500

16. 16 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 1042S 4 new income codes: 13, 51, 52, & 53 Renumbered boxes: State Tax Withheld State Primary Withholding Agent Intermediary Payer different from Withholding Agent Rounded amounts for ‘Gross Income’

17. 17 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 1042S Validation Changes Validation Code BeforeAfter F001NARemoved income code 15 Added income code 20 F010Added income codes 51, 52, & 53

18. 18 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 1042S Validation Changes Validation Code BeforeAfter F012If Box1(INCOMECODE) = 42 or 43 -then- Recipient Code must be 25 If Box1(INCOMECODE) = 42 or 43 -then- Recipient Code must be 22

19. 19 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 1042S Validation Changes Validation Code BeforeAfter F015If Exemption code (Box3a) is 1, then Recipient US TIN or Foreign TIN, must be valid If Exemption code (Box3a) is 1, then Recipient US TIN, must be valid

20. 20 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 1042S Validation Changes Validation Code BeforeAfter F039If Box4(BOXCHAP4) is checked and Box4b(CH4WITHHOLD RATE) = 0%, then Box4a(CH4EXEMPTCO DE) should be between 13 and 21 If Box4(BOXCHAP4) is checked and Box4b(CH4WITHHOLDRA TE) = 0%, then Box4a(CH4EXEMPTCODE ) should be between 13 and 22

21. 21 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 1042S Validation Changes Validation Code BeforeAfter F040If Box 15a (NQTIN) has a value, then Box16c (NQCOUNTRYCODE) must have a value If Box 15a (NQTIN) has a value, then Box15f (NQCOUNTR YCODE) must have a value.

22. 22 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 1042S Validation Changes Validation Code BeforeAfter F047IF 1042-S Recipient's Recipient Code Ch. 3 (RECIPCODE) is 24, then Box3b Tax Rate (WITHHOLDRATE) must be 30% IF 1042-S Recipient's Recipient Code Ch. 3 (RECIPCODE) is 21, then Box3b Tax Rate (WITHHOLDRATE) must be 30%

23. 23 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 1042S Validation Changes Validation Code BeforeAfter F048IF 1042-S Recipient's Ch. 4 Status Code (RCH4STCODE) is 32, then Box4b Tax Rate (CH4WITHHOLDRATE) must be 30% IF 1042-S Recipient's Ch. 4 Status Code (RCH4STCODE) is 29, then Box4b Tax Rate (CH4WITHHOLDRATE) must be 30%

24. 24 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 1042S New Validation Validation Code BeforeAfter F051NAIf Box8 has a value then Box14a and Box14b must have a value

25. 25 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 ACA Refactor Recipient Now for Subscribers and Dependents 1095B Removed Dependent Fields Match on TIN, ACCT, Origin of Policy, & Employer Sponsor Coverage Default Accumulate by & Recipient Link to AccountNo New/Changed/Removed Validations Print breaks on PTIN, ACCOUNTNO, Origin of Policy, & Employer Sponor 1095C Removed Dependent Fields Default Accumulate by & Recipient Link to AccountNo New/Removed Validations Print breaks on PTIN, ACCOUNTNO, Origin of Policy, & Employer Sponor

26. 26 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 1095B & C New Validation Validation Code BeforeAfter X5B142 X5C142 NATaxDtl Act. No (ACCOUNTNO) must have a value and it must match with the Individual's AccountNo (R.ACCOUNTNO)

27. 27 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 1095B New Validation Validation Code BeforeAfter X5B154NAIf individual's SSN (TIN) begins with an * (meaning it has been imported with a 'No TIN' Filter, then the Individual's Date of Birth (BIRTHDATE) is required.

28. 28 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 1095B Changed Validation Validation Code BeforeAfter X5B150If Status (STATUS) is Subscriber (S), then Origin of the Policy (ORIGINOFPOLICY) must have a valid value: A/B/C/D/E/F. Origin of the Policy (ORIGINOFPOLICY) must have a valid value: A/B/C/D/E/F

29. 29 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 1095B Changed Validation Validation Code BeforeAfter X5B152If Status (STATUS) is Subscriber (S) and Origin of the Policy (ORIGINOFPOLICY) is A, then Employer Sponsored Coverage must have a valid value If origin of the (ORIGINOFPOLICY) is A, then Employer Sponsored Coverage (EMPLOYERSPONSOR) must have a valid value

30. 30 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Release Details – 2015.7 Removed Validations X5B137 & X5C137 Dependent Date of Birth (DEPDATEOFBIRTH) must be <= today. X5B138 & X5C138 If Status (STATUS) is Subscriber (S), then Dependent name (DEPNAME), Dependent SSN (DEPSSN) and Date of Birth (DEPDATEOFBIRTH) must be blank. X5B139 & X5B139 If Status (STATUS) is Dependent (D), then Dependent name (DEPNAME) and Dependent SSN or Date of Birth (DEPSSN or DEPDATEOFBIRTH) must have a value. X5B151 If Status (STATUS) is Dependent (D), then Origin of the Policy (ORIGINOFPOLICY) and Employer Sponsored Coverage (EMPLOYERSPONSOR) must be blank.

31. 31 FOR INTERNAL USE ONLY Click to edit Master title style FOR INTERNAL USE ONLY Support.convey.com Coming Soon - 2015.8 2015 Meta Data 2015 Current Tax Year 1099Convey, Manchester, In-House

32. 32 FOR INTERNAL USE ONLY Click to edit Master title style www.sovoscompliance.com Questions?