- DATE:
- AUTHOR:
- The SPARK team
General Updates
SPARK Hotfix
DATE:
AUTHOR:
The SPARK team
This Saturday, December 18, we'll be releasing a hotfix to address primarily two items. The first change is that LIBOR will be removed as a rate from all existing products going forward. You can also no longer associate LIBOR to any existing products. However, if LIBOR was used as a rate on any packages created before December 18, 2021, it will still be the applied rate for that package.
The second fix is associated to IRS Form 4506-C. The spouse's name will no longer be included on 2a and 2b. As of January 1, 2022, the IRS will longer accept joint 4506-C forms.