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2023.035

2023.035 release information

Pending releases

Release date: 3/22/2024

Domestic Income Tax

We updated the following TRCs for
Form 1120S, Schedule K
.
  • Line 10 Other Income has a new TRC 34-758 Schedule K: Section 951(a)(1)(B) inclusions
  • Line 10 Other Income will no longer have the following TRCs:
    • 34-748  Sch K: Income/gain or loss distrib under Sec. 751(b)
    • 34-755  Sch K: Sec. 965A Income
    • 34-900  Sch K: Sec. 179 Recapture (Form 4797, Line 37)
  • Line 12d Other Deductions will no longer have these TRCs:
    • 44-540  Sch K: Casualty Loss (Form 4684, Line 32)
    • 44-740  Sch K:  Rental real estate comm revitalization
    • 44-755  Sch K:  Sec 965(c) deduction
    • 44-760  Sch K: Excess Business Interest Expense

1065 Partnership

Form 7205
, Energy Efficient Commercial Buildings Deduction is pending release.
We released an excel template for
Form 1042
 and
1042-S
.  The excel template uses the Tax Return Import method and an API call to complete the import. You can download the templates for 1120 and 1065 on the File downloads page.
1040 and 1041 filers can use either the 1120 or 1065 tax application to e-file the forms as long as you have an EIN number. The IRS doesn’t support SSNs in those schemas for the withholding agent.

Arkansas

Form AR1100, Page 4, Section C, line 3 is still pending.

Nebraska

Form 1065XN is pending development.

Oregon

Form OR-QUP-CAT is pending release.

Federal

We corrected issues on
FINCEN 114
 related to Page 5, Part V, line 23.
We updated print for
Form 8879-WH
 Part III ERO signature.
We included the Officer PIN in the
Form 1042
 e-file XML.
We released an excel template for
Form 1042
 import and API. The templates will be available for download from our File downloads page.

Alabama

We revised the logic to populate Form EPT, Page 1, Line 5d from Form CPT-B, line 3.
We updated Form 65 to prevent e-file reject 9501.

Arizona

We corrected the standard deduction on Form 140NR.

Arkansas

We updated the PTE estimate voucher ScanCode and fiscal year ending field.
We repaired the e-file schema for Schedule K-1, lines 14 through 20.

California

We updated the print for Form 568, Side 6, Schedule L, Column D, line 7a.
We corrected the calculation for Form 568, Side 5, Schedule K, line 13a.

Idaho

We remapped the e-file for Schedule K-1, lines 57 through 72 to correct various issues with element ordering and transfer of data.

Illinois

We revised the print for the Federal 1065 copy.
We updated organizer input for Schedule M, line 35, and revised the Schedule M, Line 40 formula.
We revised the calculation for IL1065, Page 3, line 67.

Indiana

We reprogrammed Form IT-65, line 6a to transfer data from the updated total composite field.

Kansas

We addressed various print issues on Form K-120S, Parts III and IV.
We addressed various print issues on Forms K-120ES and K-9.
We corrected the print for the LC 50 Annual Report.

Kentucky

We included Form 740PTET Amount Due in the Letters and Filing Instructions.

Kentucky Cities

We added hyperlinks to the Kenton County ACC1.

Maine

We revised Form 1040C-ME, Schedule 1 List of Owners to include partners who were previously omitted.

Mississippi

We added Schedule K-1, line 14zz to print.

Montana

We improved the logic for Schedule K-1, Section 5, line 1 NR entities.

Nebraska

We revised the Schedule II Column C and Schedule PTET Column C calculation for percent of income.

New Jersey

We revised the e-file schema to prevent NJ-NR-A ZIP Code validation errors for taxpayers with foreign addresses.

New Mexico

We updated the application programming to prevent “Only one type of e-file” error diagnostics.

North Carolina

We improved the logic on the NCK-1 Beneficial Disregarded Entity checkbox to prevent non-activation.
We added a special allocation function for Personal Services Income.
We changed formulas and organizer dropdown menus to prevent validation errors for tax-exempt partners.

Ohio Cities

We modified the organizer hyperlink on the 1st Quarter estimate of the Cincinnati Business Return.

Oklahoma

We corrected the Partner ID on Form 514-PT.

Oregon

We removed protection from the organizer field for Surplus Tax Credit.
We added a partner detail workpaper for OR-21-MD-PT.

Pennsylvania

We added the checkbox for “Included on PA-40 NRC Return” on Schedule NRK-1.
We remapped the print for Schedule KOZ year.

South Carolina

We restored the e-file delete function for the South Carolina extension.

West Virginia

We altered the calculation for Form IT-140NRC, line 3.

1120 Corporate

We released an excel template for
Form 1042
 and
1042-S
.  The excel template uses the Tax Return Import method and an API call to complete the import. You can download the templates for 1120 and 1065 on the File downloads page.
1040 and 1041 filers can use either the 1120 or 1065 tax application to e-file the forms as long as you have an EIN number. The IRS doesn’t support SSNs in those schemas for the withholding agent.

Federal

We corrected
1042-S
, Box 4b so that “00.00” prints in certain situations.

Arkansas

We corrected the heading print for Form AR1100CT, contributions carryover whitepaper statement.
We updated the Form AR1100ESCT to calculate estimated tax payments tax rates.

Idaho

We updated the 41S, Idaho LAFI website option.

Iowa

We corrected the print alignment for 1120S, Page 7, Schedule E.

Massachusetts

We corrected the tax forms view for the IRC 453A checkbox and the IRC 453(I)(2)(B) checkbox.
We corrected the SK-1, line 32d allocation calculation.

Missouri

We corrected the K-1 Equivalent so that it only prints when there's shareholder information.

New Jersey

We corrected CBT-100U, Page 1, lines 5, 6a, and 6b so they print in order.
We corrected CPT-100, page 7, Schedule B, line 23 so that the ending amount is correct in the e-file.
We removed the print for an outdated Schedule B whitepaper detail statement.
We corrected the PTE-200-T tax form date.
We added the print for K-1 to the K-1 package.
We added the print for Form CBT-100U, Pages 25-27 for members.
We corrected the Schedule P-1 print alignment.
We removed BFC-1 from tax forms view.

New Mexico

We corrected the S-Corp filing instructions, so they show tax due.
We corrected the computation for Form S-Corp-D, line 8.
We added the print for Form RPD-41359, boxes 3 and 4.

Virginia

We corrected the e-file diagnostic “502PTET-143: Form 502PTET, Section II, line 7a…” so that it only generates when needed.
We corrected the e-file diagnostic “502PTET-155: Form 502PTET, line 11…” so that it only generates when needed.
We added the print for Form 765, Page 2, line 13 statement.

This article applies to:

  • PRODUCT: ONESOURCE Income Tax
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