K1x Release 02/05/2025
Please review the following changes that have been introduced as part of this K1x release.
Hello! Please review the following changes that have been introduced as part of this K1x release.
990-Series Solutions
- Improved precision for rounding for Form 990 and Schedule J.
- Enhanced e-file notification. 990 Tracker e-file tracking emails for extensions now clearly specify whether extension was filed for a 990 or 990-T.
- Enhanced year-over-year tracking of hours in 990 Part VII and Schedule J. 990 Tracker now carries over hours for organizations previously included in a group return under Master Compensation, even if they are no longer part of the group.
- 2023 Alabama - Line 20c, Current year's composite payments electing pass-through entity credits reflects the total amount as entered on Schedule CP-B line 3 (total). Previously, data was pulled from multiple sources, potentially causing inaccuracies.
- 2023 Schedule H - Part III, line 3 - Update ensures that previously missing text now appears on the printed PDF.
As a reminder, you can find detailed statuses of forms on the Tax Year 2024 Supported Forms page at https://go.k1x.io/2024-supported-forms