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ProSeries Tax Year 2018 Tax Reform Information and Updates

This announcement page will be updated each time new information is available regarding updates to the ProSeries Tax program in relation to the 2018 Tax Reform.

This announcement can be 'followed' in order to receive an email notification each time a new item is posted.  Please click the following link for instructions to set up your email notifications:

9 updates

September 10, 2018 Update:  The following articles will be updated as new information is available.

2018 Individual and Business Tax Reform - Summary of Changes:

October 5, 2018: The following article has been added to quickly determine individual state conformity status to Section 965 Transition Tax.  Additional product specific information will be included when available.

State Conformity to Federal Section 965 Transition Tax:

IRS Tax Tip 2018-115  - Resources on Help All Taxpayers Understand Tax Reform

  • Tax Reform Web Page. The Tax Reform page highlights what taxpayers need to know about the tax law changes and how these changes affect them. This page also links taxpayers and tax professionals to news releases, tax tips, publications, notices, and legal guidance related to the legislation.
  • Updated Withholding Calculator. The IRS encourages everyone to use the Withholding Calculator to perform a “Paycheck Checkup,” which is even more important this year because of the tax law changes. The calculator helps taxpayers determine if they’re having the right amount of tax withheld from their paychecks.
  • Updated Form W-4, Employee’s Withholding Allowance Certificate. Taxpayers who determine they need to make changes to their withholding can complete a Form W-4, which reflects the tax law changes. Employees will submit the completed Form W-4 to their employers.
  • Frequently Asked Questions. The IRS posted new FAQs to help people understand how to use the Withholding Calculator and the changes to the Withholding Tables.

This IRS Tax Tip is available on the IRS website:

Click on the link below for more information about the Qualified Business Income Deduction (QBI)

Visit the ProSeries training page for live and recorded webinars regarding 2018 Tax Reform as well as other training designed to make you more efficient at using ProSeries.

Visit the Tax Reform News & Resource Center for more resources on understanding Tax Reform.

Click on the link below for additional QBI Information and resources.

Click on the link below for new content concerning Section 199a - Qualified Business Income Deduction within ProSeries:

Click on the link below to review the IRS Released Draft of QBI Section of Publication 535