These details are provided to summarize the changes implement in the FACTS Payroll module. No changes necessary for 1099s for the 2018 reporting year. No changes necessary for ACA (Affordable Care Act) from 2018 notes. Changes are necessary for W2’s for the 2018 reporting year. For more information see 2018 General Instructions for Forms W-2 and W-3.
New box 12 Code, GG, was added to W-2 and W-3 forms provided by the IRS. It is used to report the amount includible in gross income from qualified equity grants under section 83(i)(1)(A) for the calendar year.
New box 12 Code, HH, was added to W-2 and W-3 forms provided by the IRS. It is used to report the aggregate amount of income deferred under section 83(i) elections as of the close of the calendar year.
To accommodate these changes, FACTS Payroll processing and associated programs were updated to include the new codes, GG and HH, for use in box 12 of an employee's W2. Like some other codes, the value may only be entered at end of period during W2 Capture F/M.
These programs were updated:
W2 Box 12 Codes F/M (PRF986)
The note on screen was modified to indicate that Box 12 codes GG and HH entry is in W2 Capture F/M (PRF810)
W2 Information Capture (PRU820/821)
Processing was added to initialize Box 12 codes GG and HH values to 0.00.
W2 Capture F/M (PRF810)
Added the ability to enter values for, Box 12 code GG and HH, on new line numbers 54 and 55, respectively. The Box 12 codes (line numbers 27-55) were repositioned to make room for the new codes.
W2 Print (PRP820/821)
Added the ability to print Box 12 codes GG and HH and corresponding values when present.
W2 Magnetic Tape Update (PRU830/831)
Added Box 12 codes GG and HH values to output.
W2 Magnetic Tape Report (PRR870/871)
Added Box 12 codes GG and HH values to report in detail and summary formats.