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News Letter 5 - November 1992
After a couple of false starts in the summer and fall of 1991, we begain to make progress on our new version in the first half of 1992. I can report that we now have an Alpha version of Version 2.00 up and running. It is not polished or complete, but it looks promising. Version 2.00 should be available next summer.
While earlier versions of Inter-Est were written in the language C and used an interface designed and written by Cammack Computations Co., Version 2.00 is written in C++ and uses an interface called TurboVision which is distributed by Borland International, Inc. with their versions of Pascal and C++. The use of this new interface enables the new version to use features that were not possible under our old interface. Some of the new features are:
Disadvantages of New VersionThe problems that some people might have with our new Version 2.00 is the same as the problems they would have in running most new style programs.
Advantages of New Version 2.00If the only result of a complete program rewrite was to make the program larger and slower, it would not make much sense. There are many major advantages to Version 2.00. Some of these advantages are:
SummaryAs you can see, our new Version 2.00 is designed to do the same job as Version 1.10, except that it will be more convient and easier to use. Recent Changes to Version 1.10:A small change was made to the computation of estimated future interest where §6166 was not selected (the old §6166A). Also corrected an error that occured when the suspense account routines were added.
A small change has been made to the §2044 computation. It is a change to the computation of the second limitation of the foreign death tax credit as computed for the purpose of the credit for tax on prior transfers computation. This should not affect many computations.
New York input for Limited Powers of Appointment did not allow you to input the correct data even though you answered 'y'. This has been corrected. There was an error in the New York tax used to compute interest. The error came up when additional features were added for 2044 property and the tax difference for non-residents. This has been corrected.
It was brought to our attention that the 15% additional estate tax under §4980A was deductable as an expense or indebtedness of the estate. The authority for this position is §2053(c)(1)(B) of the Code. We have adjusted Inter-Est to add this item to expenses automatically.
Changes were also made in the computation of the adjusted gross estate for the purposes of §6166 and to state computations for Massachusetts, Connecticut and Tennessee. Recent Changes to PRE
The built in table used to compute the present value multiplier used in Sch. S has been updated. You are allowed to compute your own present value multiplier for dates of death not supported directly by PRE. Additional Printer SupportInter-Est and PRE now support printer ports other than LPT1. A new toggle has been added to the Option submenu of the main menu. You can now print to LPT2 or LPT3 as well as the standard LPT1. Support is also provided for the serial ports, COM1, COM2, and COM3 as well. The serial port support has not been fully tested. Maintenance and SupportIf you are having trouble with a computation using Inter-Est, please call us. We provide support to all our users. Previous NewsLetter Home Page Top of Page Next NewsLetter
Cammack Computations Co. P. O. Box 725, Cleburne, TX 76033 Voice: 1 (800) 594-5826 Email: cammack@inter-est.com Price Information |
