The 2011 Year End Updates includes changes for 1099 and W-2 reporting to comply with 2011 tax year regulations. Included with the update files is a technical document. TY2011YrEndUpd.pdf “Microsoft® Dynamics SL 1099 and W-2 Reporting for Tax Year 2011” details the changes being made with this update along with detailed installation instructions.
The update may be downloaded from Microsoft Customer Source (login required).
These updates support the Microsoft Dynamics SL versions in the listing that follows. Refer to the folder in the downloaded file that represents the version you currently have installed to locate compatible updates. If you are currently running Microsoft Dynamics SL 7.0 SP1 or prior, you must first update to Microsoft Dynamics SL 7.0 SP2 or higher before installing these year end updates. You do not need to install the 2010 year end updates before installing the 2011 updates.
- 7.0 Service Pack 2
- 7.0 Feature Pack 1
- 7.0 Service Pack 3
- 7.0 Service Pack 4
- 2011
- 2011 Service Pack 1
Changes
These year-end updates include the following changes.
Accounts Payable 1099s
No changes were required for the layout of the 1099 forms.
Filing 1099 Forms :
You can file 1099 forms electronically or on paper. For more information, see “Filing Information Returns Electronically (FIRE)”.
1099 Electronic File Changes
- The 1099 electronic file is updated for tax year 2011.
- Expanded the Amount Codes field in the Payer “A” record from fourteen (14) positions (28 – 41) to sixteen (16) positions (28 – 43).
- Decreased the blank-filled field in the Payer “A” record, from ten (10) positions (42 – 51) to eight (8) positions (44 – 51).
Payroll W-2s
- The W-2 form layout was changed to replace the label for Box 9 Advanced EIC payments with 9.
- Removed Box 9 Advance EIC payments from the W-2 as the advance earned income credit payment is eliminated for tax years beginning after December 31, 2010.
- Added letter code DD for Box Number 12 – Cost of employer-sponsored health coverage
- Added letter code EE for Box Number 12 – Designated Roth contributions under a governmental section 457(b) plan.
- Filing W-2 Forms : You can file W-2 forms electronically or on paper. For more information about filing electronically, see “Business Services Online (BSO)”
W-2 Electronic File Changes
- The W-2 electronic file is updated for tax year 2011.
- Added a new field, Kind of Employer, to the RE Employer Record (position 174).
- Added a new field, Cost of Employer-Sponsored Health Coverage, to the RW Employee Record (positions 463 – 473) and the RT Total Record (positions 295 – 309.
- Added a new field, Designated Roth Contributions Under a Governmental Section 457(b) Plan, to the RO Employee Record (positions 111 – 121) and the RU Total Record (positions 145 – 159).
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