1041 Enhancements
note
These enhancements are planned for tax year 2024 unless otherwise mentioned.
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.
