ATX 2023 RELEASE NOTES

Tax Year 2023

Version 23.1

January 2024

Installation Instructions

The following installation types require the 23.1 update:

  • Stand-Alone
  • Workstation Only
  • Workstation/Server

Server Only installations do not require the 23.1 update.

As a best practice, it is recommended that you close the application on all workstations and update each one separately.

Regulatory Change

Mississippi and Oklahoma have instituted a permanent 100% bonus depreciation for all qualified property and qualified improvement properties. For 2023 the Federal bonus depreciation is set to be 80%.

Version 23.0

November 2023

Introduction

Thank you for choosing ATX as your tax preparation software! The entire team that designs, builds, tests and supports ATX has only one goal in mind: to provide you with a powerful solution that helps your business achieve improved workflow efficiency and tax compliance.

To ensure that your system is ready for the newest version of ATX, please review the System Requirements. You can also test your system against those requirements with our System Analysis tool.

Notes about this release

.NET Framework software is required by many desktop software applications and ATX needs current version 4.8 to install and operate. If you don't already have .NET software, it will be installed automatically as part of the ATX installation. After a .NET installation, a message may prompt you to restart your system in order to complete configuration of ATX 2023. After the restart, ATX installation will continue and complete automatically.

Installation Instructions

For information on installation, see the Learning Portal.

What's New

Firm Level Protection Plus

Protection Plus allows you to offer a suite of tax notice and audit services and benefits, giving peace of mind that comes with having an entire team of audit defense experts working alongside you. It includes the $1 Million Tax Audit Defense™ and Identify Theft Restoration. The firm-level option lets you provide the service with all your returns without a sales pitch to the taxpayer*. For $10 per return (billed to the firm), all your 1040s are covered. Plus, you can add on business returns (1120, 1120S, and 1065) for $75 per return. Click to Enroll

*The return-level program is still available for $59.95 per return; however, it is a 1040 only program with no support for business returns.

Regulatory Changes

  • Section 179 deductions for qualifying assets have a $1,160,000 dollar limit and a $2,890,000 cost threshold.
  • Check state limits on the State Calcs tab in Asset Global Settings.
  • Standard Mileage Rate: For luxury autos, including trucks and vans placed in service in 2023, the business standard mileage rate is 65.5 cents per mile. The depreciation component when the standard mileage rate is elected is 28 cents per mile.
  • Bonus depreciation for eligible assets placed in service from January 1, 2023 to December 31, 2023 is reduced to 80%.

Yearly Auto limits:

  • Luxury Auto (V5): If first year placed in service is 2023, depreciation limits are $12,200 with no bonus, $20,200 with Bonus.
  • Trucks/Vans (V7): If first year placed in service is 2023, depreciation limits are $12,200 with no bonus, $20,200 with Bonus.
  • Sports Utility Vehicle (V6): Section 179 limit is $28,900.

Form and E-file Enhancements

  • Enhanced Ohio 1D & 2D barcodes on printed forms.
  • Added 1040-NR e-file support for Forms 8805 & 8828A.
  • Added KY 725 e-file support.
  • K-1 Input worksheet now handles ordinary and passive activities under a single K-1 entry to accommodate 8582 & 7203 filings.
  • Enhancements to Ohio RITA e-file
  • Payroll and Sales & Use simplification

PRS Cost

The cost of PRS (Per Return System) returns have been updated to reflect the 2023 pricing:

  • $40 (Individual return)
  • $70 (Business return)