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Release notes

1120 Corporate 24-3.4F

Pending releases

Release date: 02/28/2025

Federal

We updated or addressed the following:
Form 5471
: Corrected the computation on Form 5471, Schedule J (General Category Income), line 3, Column D and line 4, Column D.
Form 3800
: Corrected print for Form 3800, Page 9, Part VI, Column B.

State

We updated or addressed the following:
Common State
: Added State Specific HASPs for Generic State E-File Documents, so State Forms Printing are corrected in the right folders if you select to
Print E-File Signature Authorization Worksheet
.
  • Arkansas
    :
    • The compute for the Arkansas Form 1100CT, Page 1, line 29 for consolidated return type.
    • The compute for the Arkansas Form 1100CT, Page 2, Schedule B, line 5 so estimated payments flow for single company filer.
    • The validation error NOLLoss for Arkansas Form 1100CT, line 28.
    • Updated Arkansas Form AR1100CT, lines 23 and 24 so it presents with multistate filing.
  • Colorado
    : Corrected Colorado Form 106, Page 1, lines b and c.
  • Idaho
    : Computes tax with a 5.695% rate for Idaho 41s, Page 2, line 44.
  • Kentucky Cities
    : Corrected the print alignment for Louisville Form OL-3EXT tax form.
  • Nebraska
    : The compute for credit allocation to reflect Sch K-1N for Nebraska SCH PTET.
  • New Jersey
    :
    • Corrected the print for New Jersey Form 329.
    • The compute for New Jersey Form CBT-100, Page 1, line 5a so that it populates.
  • North Carolina
    :
    • Updated the North Carolina Business Rule.
    • Updated the Comp of Officers Statement for North Carolina, Schedule G.
    • Updated North Carolina, Schedule K, State details.
    • Updated print for North Carolina Summary Letters Address.
  • Oklahoma
    : Updated Oklahoma Form 587-PTE, Page 1 so the ID populates.
  • South Carolina
    : Corrected the computation for the reject diagnostic rule “P002: The return contains an ACH debit payment, and the withdrawal date is more than 12 months in the future” to display correctly.

This article applies to:

  • PRODUCT: GoSystem Tax RS
  • Return type: 1120 Corporation
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