Can someone tell me what it means when it says that box 12 code- we are updating SEP and SIMPLE plan contributions are reported on the tax return based on IRS guiance

[JamesG1]

Are you entering a W-2 which contains box 12 information?  

SEP and SIMPLE plan contributions are some of the options that are available under W-2 box 12.

This TurboTax Help explains the box 12 codes.

If this does not answer your question, please contact us again and provide more information.

[SteamTrain]

@adriannemcollins     @JamesG1 

A few other people have reported a delay of some kind for any 1099-R with box 12 with a code "S".

Might take a couple weeks for the software folks to work out and get compliant with whatever the IRS is requiring now.

Check again every Friday.....no particular rush since the IRS isn't starting to take any files until 29 January....and even then, it the whole week after that for the IRS to get caught up.