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Release notes

1120 Corporate 23-6.8F

note
  • Get the latest on open issues by reviewing Alerts and notices.
  • Go to the main page for your product, select
    Data imports and exports
     for
    DK-1
     workbooks and other files such as
    Form 1042
     templates and
    Client Code Import
     files.
  • Availability of state releases can be found in the Home screen, Forms Availability.
  • Go to Tax Year 2022 Release Notes for 2022 release information to see 2022. On the side menu, select Tax Year 2022 Release Notes.

Pending releases

Release date: 9/20/2024

Federal

Form 1118
: We updated the e-file so that Intl FTC Sch K FB reporting includes 5th Preceding Tax Year detail in XML.
Form 8991
: We added Page 2, line 4c to the tax forms view.
Form 8992
: We updated the computations for Schedule B, Part I, Column O total and Schedule B, Part II, Page 3, Columns E and F.

State

Alabama
:
  • We updated Schedule EC, Page 5, Section F, Column 1 so that Type of Credit populates for all rows.
  • We added the ability to attach one PDF named WksNetWorthStmts instead of individually named PDFs for required Balance Sheet attachments for Forms 20C, 20S, and ET-1.
Arkansas
: We corrected the computation for AR1100PET, Page 1, line 2 so that it does not calculate negative tax if net loss.
Georgia
:
  • We updated IT-QJ, Part C New Quality Jobs State Dropdown so that it reports state values instead of numbers.
  • We updated IT-CA, Page 3, Year 2 Column print so that it reports the correct data.
  • We updated the IT-CA 2012/2023 navigation text to account for page number changes.
Indiana
:
  • We added S Corp adjustment codes 154 and 641 to detail statement print.
  • We updated e-file so that element name PTETDetail populates in the xml.
  • We corrected print for Sch IT-20FSD, Column I.
  • We updated e-file so that validation errors referencing INFederalRecapTaxpayer don’t generate when they aren’t needed.
  • We updated e-file so that diagnostics referencing SIT-20SRECAP don’t generate when they aren’t needed.
Iowa
: We updated Schedule G print for the year 2020.
Maine
: We corrected the print for Form 1120ME, Page 3, Column A, lines 1, 2, 3.
Minnesota
:
  • We corrected the computation for Combined M4I, Page 2, line 7.
  • We corrected the computation for M4I, Page 2, line 4.
Missouri
:
  • We corrected MO-851, Affiliation Schedule, footer information so it does not print twice on the detail statement.
  • We corrected MO-PTE, Page 1, Beginning and Ending years print.
Montana
: We updated the amount reported on PTE, Page 1, line 11 yellow paper.
New Jersey
:
  • We updated the computation for CBT-100U, Page 13, Schedule A-4, lines 9 and 10.
  • We corrected the sign for Form CBT-100S, Page 14, Schedule R, line 9.
  • We corrected Form CBT-100S, Page 9, Schedule K, Part V, Line 6, Column E in tax form view.
  • We corrected print for Form 8453-TR FEIN.
  • We added print for CBT-100U, Page 21, Schedule PC number of licensed professionals.
  • We updated the computation for CBT-100U, Page 23, Schedule S Worksheet II, column E.
New Mexico
: We aligned CIT-1, Page 1, Question I Combined print.
Ohio
:
  • We corrected CCA 120-17-BR, Page 1, Loss Carryforward Schedule detail print so that negative data does not print as positive.
  • We added print for Columbus BR-25, Page 1, Business name.
  • We enabled Generic Cities MNP, Blendon Township JEDZ so it may be populated.
  • We updated RITA, Letters and Filing Instructions so that e-file filing instruction can be generated.
  • We updated IT 4738, Line 31 computation so that it does not double-count federal conformity addition adjustments.
  • We updated e-file so that the IT 4738 "Preparer authorized to discuss return with Ohio Department of Taxation" box is populated correctly in e-file for all returns.
Maryland
: We updated the computation for Form 500, Page 2, line 13 so that it flows from line 12.
Pennsylvania
:
  • We removed Form PA-8453-P Revenue ID from print.
  • We added the ability to populate both RK-1 and NRK-1.
  • We updated the computation for NRK-1, line 6.
  • We updated the computation for Schedule NW, Line A.
  • We added print for Schedule REV-803.
South Carolina
: We updated print for SC1120U, Page 6, Line 2, Column B (In South Carolina).
Tennessee
: We updated FAE 170, Page 4, Line 21 See Statement Print so that it does not overlap.
Texas
: We updated the Preparer Information: The preparer name, email address, and phone number diagnostic so that it includes foreign phone.
Utah
: We corrected the computation for Schedule J, Page 1, line 5a and line 5g.
Virginia
: We updated the computation for Form 502, Page 2, line 21.

This article applies to:

  • Product: ONESOURCE Income Tax Express RS

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