1041 Enhancements

Federal

We are adding or updating the following:
New Forms
  • Form 172 (Net Operating Losses)
  • Election for Section 469(c)(7)(A)
  • Form 5471, Information Return of US Persons with Respect to Certain Foreign Corporation
  • Form 7217 Partner's Report of Property Distributed by a Partnership
E-file
  • A real timestamp to all 1041 electronic filing jurisdiction federal and states.
Form 926, 8858 and 5471
  • A capability to aggregate in 3rd party Form 926, 8858 and 5471 XMLs for 990T.
Form 990-T
  • Not allowing PAL rollover and re-computation for Siloing purposes.
Form 926
  • Updating non-calculating Form 926 to be a calculating form.
Form 1116
  • Form 1116 tax Form View to match print preview.
Form 3800
  • Form 3800 for major compliance changes.
Form 6765
  • Form 6765 for major compliance changes.
Form 8621
  • Add a calculation for the tax and interest for PFICs (F8621).
Form 8949
  • Form 8949 hyperlinks to details.
Schedule K-1
  • Add K-1 Review.

States

We are adding or updating the following:
Alabama
  • Schedule FC section E Credit Carry Forward Prior Years Organizer entry to a group and updated print.
California
  • E-file and filing instructions for 990T.
  • Form 592, 592-B and 592-V in July 2025.
District of Columbia
  • Adding Letters and Filing instructions for the filing of Form D-30. (990T)
  • Adding electronic filing for Form D-30. (990T)
Georgia
  • E-file and filing instructions for 990T.
Hawaii
  • Form HI-70NP related Letters and Filing Instructions. (990T)
Illinois
  • Letters and Filing Instructions. (990T)
Indiana
  • Schedule CC-40.
Iowa
  • Group details for Form 101 Other Adjustment.
Kansas
  • An IBT which is an information Report Business Trust.
  • Letters and Filing Instructions for IBT which is an information Report Business Trust (1041 KS).
Louisiana
  • Form R-8453F for E-file Declaration.
Michigan
  • MI-8453FE E-file Declaration.
Minnesota
  • Overrides for the Minnesota column on Form M2MT:
Mississippi
  • Letters and Filing instructions for Form 83-105.(990T)
  • Electronic filing for Form 83-105. (990T)
Nebraska
  • E-file for Form 1041N.
Oklahoma
  • E-file and filing instructions for 990-T.
Rhode Island
  • A new form RI Schedule PTE-1041.
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