What's New

NS Quill What Is New For NoteSmith 2021

Details about the more significant features of the latest release appear below, most of which were based on user feedback during the year. The new annual version is available to first time customers starting in November and to renewal subscribers in January.

New, revised, or updated for NoteSmith, NoteSmith Pro, and/or NoteSmith Net

  • Online filing of IRS 1098 for 2020 tax year; print entire 1098, 1099-A, or 1099-C payor/payee B and C copies on blank paper; only the new NoteSmith can submit files or fill in the new IRS forms due January 2021.
  • Electronic filing requirements for 2020 tax year. Implemented and tested in the IRS FIRE electronic submission system.
  • New IRS 6252 format and reporting requirements for installment sales.
  • Current IRS 1098 and 1096 include format changes with revised locations of checkboxes and account information. These are in addition to the new requirements for the 2019 tax year including the added Box 11 on the 1098 for mortgage acquisition date and changes to Box 2 for outstanding mortgage principal, plus the 2017 changes that included a field for reporting the number of properties (in excess of one) that secure a single mortgage; and a field for entering the actual note origination date; read the IRS instructions!
  • Minor features and improvements added based on user feedback.
  • Download the complete future year Flash Drive from Help, Technical Support near year end, receive Installation Guide and Media Key by email.
  • Technical support is available weekends in January for installation issues and importing older data.