K1X Release - 04/09/2025

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Hello! Please review the following changes that have been introduced as part of this K1x release. 

990-Series Solutions

• Form 3800
  • Passive Credits: Part I, Line 2 has been adjusted to include amounts from line 2zz columns (e) and (f), as appropriate.
  • NEW Form 8846 (TY 2023): Form 8846, Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips has been added to supported 3800 credits for electronic filing.
• Rate Updates: Tax rates for 2024 have been updated within the Extension and State Data Grids.
• Form 990 Part VII: Functionality for adding records to Section B has been restored.
• Form 990, Part IV: Wording for Part IV, Line 2 has been modified to match the form.
• Form 990, Part IV: Line 11e has been updated to indicate yes if Part X, Line 10c or Line 25 is greater than zero. Previously it was checked based on line 26.
• Lobbying Activities: Schema has been updated to include Lobbying Activities in the XML as appropriate and may be electronically filed.
• California Form 109:
  • Statements for lines 19 and 20 have been modified to allow for state values to be modified, when different from federal data.
  • Line 30 presentation has been modified to display zero versus blank when the calculated value is zero.
• Maryland: 
  • Self-prepared returns will no longer include Paid Preparer tags in XML and may be electronically filed.
  • Maryland Form 500 returns with Federal taxable income equal to zero may now be electronically filed.
• Minnesota: Placement of Title and PTIN on Form MN4P have been modified to match the form.
• Tennessee: Placement of EIN on Form FAE 170 has been modified to match the form.
• Virginia: Data entry fields have been enabled for Form 500 Page 2, Line 10 - Nonrefundable tax credits.

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

Circular 230 Disclosure

To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this software (including any reports or downloads) is not intended or written to be used and cannot be used for the purposes of (i) avoiding penalties under the Internal Revenue Code or (ii) supporting, promoting, marketing or recommending to another party any transaction or matter addressed herein. This software is for informational purposes only and should not be regarded as tax advice. Please consult your tax advisor or attorney for guidance on your individual tax situation.

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