version 17.1
NEW FEATURES
REPORTS
FORM 5471 SCHEDULE M
ONESOURCE Income Tax > Tax Return > Corporate > Form 5471 Schedule M:
- New tax year 2021 Form 5471 Schedule M, page 2 lines added.
- For tax year 2021 page 1 line descriptions updated:
- “Buy-in payments received” updated to “Platform contribution received”.
- “Buy-in payments received” updated to “Platform contribution paid”.
FORM 8858 SCHEDULE M
ONESOURCE Income Tax > Tax Return > Corporate > Form 8858 Schedule M new lines have been added for 2021:
- Loan guarantee fees received
- Loan guarantee fees paid
5471 SCHEDULE M CHART BALANCES
ONESOURCE Income Tax > International > 5471 Schedule M Chart Balances:
- New tax year 2021 Form 5471 Schedule M lines added:
- 13 – Loan guarantee fees received
- 14 – Other amounts received
- 28 – Loan guarantee fees paid
- 29 – Other amounts paid
- For tax year 2021, line description updated for Lines 4 and 19:
- Line 4 “Buy-in payments received” updated to “Platform contribution received”.
- Line 19 “Buy-in payments received” updated to “Platform contribution paid”.
OPEN ISSUES
REPORTS
New 2021 1065 TRC Codes 41-235 and 41-240 will be added in a future release to TAS and Chart-related reports.
CLOSED ISSUES
REPORTS
Form 5471 Schedule M, page 2 lines are unavailable at this time but will be added in a future release.