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Release notes

1040 Individual 24-3.5T

Pending releases

Release date: 03/04/2025
We created a new
Federal and State Estimated Tax and Extension Payment Report
 for the current year. You can find it in Organizer and select
General Information, Return and Print Options, Basic Options
.
We updated the
Employee SSN
 field so that it only populates if the ownership is selected as either
Taxpayer
 or
Spouse
.
Form 4136
 will require the FTC computation statement attached as a PDF to e-file. See the IRS instructions for additional information.
The following forms are now available:
  • Form 1045
  • Form 3468
  • Form 6765
  • Form 7207
  • Form 7210
  • Form 7213
  • Form 7217
  • Form 8582-CR
  • Form 8835
  • SRJD
Form 3800
 is released with the following limitations.
  • The columns for
    applied against tax
     and
    carryover to next year
     won’t populate. Override as needed.
  • For facility credits are not taken into account any transfer or EPE registration numbers. This will be updated on a future release to pull in on a facility by facility basis instead of a summary basis
  • Part VI won’t e-file at this time. A binary attachment is required until the IRS updates their schema. This information was found on the IRS Known Issues and Solutions website.
  • Credit utilization is not released yet, it will be available on a future release
  • Calculation carryover revision: For 2025 we are pulling in prior year suspended losses into parts IV and VI from Form 8582-CR. The carryover schedules will only be used for non-passive carryovers. If your carryover schedules include passive numbers from the prior year that are covered by Form 8582-CR prior year-suspended losses, you will need to make an adjustment so the amount is not double counted.
  • There is a hyperlink on top of pages 3-9 that will take you to workpapers where you can override for parts V and VI.
    • If there is a single row on the grid, the credit won’t print on parts V and VI (instead it goes directly to parts III or IV)
    • If you add a line be sure to include the Line Number since it's the line number field that determines if data transfers to parts V and VI or straight to parts III and IV.
State forms currently under development:
  • California LLC
  • Montana, Credit for Income Taxes Paid to Another State or Country and the Annualized Income Installment Method
  • Nebraska Forms CDN, 1040XN, Form NOL, and 3800N
  • Oklahoma, Forms 511-EIC, 500-A, 500-B, 561, and 561-NR
  • Oregon Counties, Form PIT-V and Filing instructions for OR-TM, Metro SHS and MultCo Preschool
Connecticut
: Added the Pension and Annuity Worksheet for CT 1040 and CT 1040NR/PY.
Georgia
: The state hasn’t released Form 500-X for e-filing. It will be available in a future release.
Pennsylvania
: Rev-414(I) Estimated tax payment worksheet hasn’t been released.
Pennsylvania locality
: Berkheimer quarterly estimated tax payment vouchers haven’t been released.

Federal

We updated or addressed the following:
  • Corrected the print for Oregon Localities
    W-2
    , box 20.
  • Updated the display for
    Form 965 Individual Report of Net Tax Liability
    , 8th installment payment for 2017 Section 965 inclusions.
  • Form 7217 Partner's Report of Property Distributed by a Partnership
     will calculate if the activity is a partnership, a distribution date is entered and non-cash assets are distributed.

State

We updated or addressed the following:
Colorado
: Updated a diagnostic regarding taxpayer first name.
Georgia
: Corrected the print for Form 500ES.
South Carolina
: Corrected the tax calculation issue when taxable income is greater than 100,000.

This article applies to:

  • Product: GoSystem Tax RS
  • Return type: 1040 Individual
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