Sage 100 ERP Product Update 5 (4.50.5.0) - PU 4.50.5.0 - Magnetic Media

Magnetic Media

1. W2 Electronic Reporting has been modified according to the SSA 2012 Specifications for Filing Form W-2 Electronically. The following changes have been made:
   1. In W2 Electronic Reporting on the Additional Information tab the field Problem Notification has been removed—it is no longer required
   2. “RA” record position 499 is now blank
   3. “RA” record position 446-485 Contact E-Mail/Internet field is now required:
   4. “RW” record position 342-352 is now blank
   5. “RT” record position 220-234 is now blank
2. 1099 Electronic Reporting has been modified according to the Internal Revenue Service's 2012 Publication 1220. The following changes have been made:
   1. The “A”, “B”, “C” and “K” records for 1099 DIV have been changed for reporting the following 2 new amount codes:
      F—Exempt Interest Dividends
      G—Specified Private Activity Bond Interest Dividends