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Older versions of the 1099 Annual Report Program

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 or requires an update. New and updating users may skip this page and click here.

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What is current

The 1099 report program first used to report Tax Year 2010 was used again to report Tax Years 2011, 2012 and 2013, and appears to be good for Tax Year 2014. It is expected to continue to work until at least November 1, 2015. The version number is 4.0, which appears in the title bar of the program. It can be used to report closings produced in Power Closer 3 (the old HUD form) and Power Closer 4 (the 2010 HUD form).

What is now out of date

The 1099 report programs first used for Tax Years 2006, 2007, and 2008, were all accepted by IRS for reporting Tax Year 2009. However, IRS has made changes that render those programs no longer usable after November 1, 2010. IRS has made changes to the electronic filing specifications which render all older versions of Power Closer's optional 1099 Annual Report program out of date. Users should update to the current version. The current version should be used even for filing returns for earlier tax years.

Versions that were valid through 2009

The 1099 Annual Report program for TY 2007/2008/2009

Power Closer 1099 Annual Report Program version 3.3.x for Tax Year 2007, released in November, 2007, runs with Windows 95, 98, Me, NT, 2000, XP, Vista, or Windows 7. It was originally designed to comply with the Tax Year 2007 data specification. It remained valid for filings made through October 2010.

 

The 1099 Annual Report program for TY 2006

If you purchased Power Closer 1099 Annual Report Program version 3.2.31 for Tax Year 2006, it was our understanding that you could continue to use it through October 2010, 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, our test filings and customer reports, IRS generally accepted data prepared using version 3.2.31 through October 2010.

If you used version 3.2.31 then, it was prudent to file early to allow time to resubmit if that became necessary. You could also verify that your data was accepted by IRS. To do this, you would revisit the IRS website on or about the next business day after you uploaded the electronic submission, and examine the status of your submission to see if it had been accepted.

Please note that Power Closer 1099 Annual Report Program version 3.2.31 was not designed to run on Windows Vista or Windows 7, and might probably encounter problems running on those software platforms. That problem was fixed beginning in 1099 Annual Report Program version 3.3.0 for Tax Year 2007. Users of Vista and Windows 7 should also upgrade Power Closer 3 to at least 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 effective November 1, 2010.

   Version Useful life  (TY=Tax Year)
TY 2007 v 3.3.x, updated for Vista, worked through TY 2009.
TY 2006 v. 3.2.31 worked for TY 2009 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 installed in a workstation's Power Closer program folder, usually C:\P-Closer\1099rept.exe. The program's initial title bar read "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. 
 

IRS changes that may affect your 1099-S reporting

  • If you have a Transmitter Control Code (TCC) but there is a change in your name, address or TIN shown on the Form 4419 you filed with IRS to obtain the TCC, then you should notify IRS in writing. You may do this by email addressed to mccirp@irs.gov and you should include reference to your TCC.
     
  • You can apply online for an automatic 30-day extension of time to file information returns. Approvals are displayed online. See IRS Tax Topic 803 (If the page there is garbled, you might have to scroll down the page).
     
  • Form 8809 Application for Extension of Time to File Information Returns and Form 4419 Application for Filing Information Returns Electronically were both revised in June 2009.
     
  • You can now fax Form 4419 Application for Filing Information Returns Electronically toll free to 877 477-0572.
     
  • IRS rejects CD's and 3 1/2" diskettes, and requests that a replacement 1099-S Report be filed electronically.
     
  • 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 IRS forms and publications at www.irs.gov

 

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