GOSYSTEM TAX - Login · GOSYSTEM TAX NEW FEATURES FOR THE 2016 TAX YEAR LAST UPDATED: ... • Form NOL: Net Operating Loss Worksheet • Form 3800N, Worksheet E and Worksheet …

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GOSYSTEM TAX

NEW FEATURES FOR THE 2016 TAX YEAR

LAST UPDATED: NOVEMBER 7, 2016

Note: Please note that all screen images are valid as of November 7, 2016 and are subject to change at Thomson Reuters’ discretion.

PROPRIETARY MATERIALS

No use of these Proprietary materials is permitted without the express written consent of or license from Thomson Reuters/Tax & Accounting, ©2016-2017. Altering, copying, distributing, or reproducing any of these proprietary materials in any manner is expressly prohibited.

SOFTWARE LICENSE AGREEMENT

The right to use the software product described in this document is specifically conditioned upon your execution of and compliance with the Tax Software and Services Agreement with Thomson Reuters/Tax & Accounting, ©2016-2017.

All contents copyright ©2016-2017, Thomson Reuters/Tax & Accounting. All rights reserved.

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THE 2016 DEVELOPMENT PLAN . . . . . . . . . . . . . . . . .1

RELEASE SCHEDULE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

SUPPORTED ENVIRONMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

NEW FOR TAX PROCESSING . . . . . . . . . . . . . . . . . . . 2

COMMON TAX APPLICATION ENHANCEMENTS . . . . . . . . . . . . . . . . . . 2EFIN/SIGNATURE AUTHORIZATION FOR E-FILE

(1040, 1041, 1065, 1120, 990) ..........................................................2

TAX DEFAULTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

COMPETITIVE CONVERSIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

INDIVIDUAL RETURNS (FORM 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3GENERAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

NAVIGATION................................................................................................3PRINTING.....................................................................................................3

E-FILE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BUSINESS RULES MANAGEMENT SYSTEM ..............................................3FORM 1040NR.............................................................................................3SELF-PREPARED RETURNS.......................................................................3STATES.........................................................................................................3

ORGANIZER SPREADSHEETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4FEDERAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

DEPENDENTS............................................................................................. 4FORM 1099 ................................................................................................. 4FORM 3520/3520 ...................................................................................... 4FORM 8960 ................................................................................................ 4HEALTH SAVINGS ACCOUNTS .................................................................. 4NEW FORMS............................................................................................... 4SCHEDULE K-1 ............................................................................................ 4STATE INCOME TAX REFUNDS ................................................................. 4TAX EQUALIZATION................................................................................... 4

STATES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5NOL ............................................................................................................. 5ALABAMA ................................................................................................... 5ARIZONA..................................................................................................... 5CALIFORNIA ............................................................................................... 5DISTRICT OF COLUMBIA............................................................................ 5GEORGIA..................................................................................................... 6HAWAII........................................................................................................ 6IDAHO ......................................................................................................... 6IOWA ........................................................................................................... 6KENTUCKY .................................................................................................. 6KENTUCKY CITIES (KENTUCKY LOCAL).................................................... 6MASSACHUSETTS...................................................................................... 6

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MICHIGAN................................................................................................... 6MICHIGAN CITIES ....................................................................................... 6MISSISSIPPI ................................................................................................ 6MONTANA ...................................................................................................7NEBRASKA ..................................................................................................7NEW YORK...................................................................................................7OKLAHOMA .................................................................................................7OREGON ......................................................................................................7PENNSYLVANIA.......................................................................................... 8WISCONSIN ................................................................................................ 8

CORPORATE RETURNS (FORM 1120) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8GENERAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

LETTERS AND FILING INSTRUCTIONS ..................................................... 8E-FILE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

BUSINESS RULES MANAGEMENT SYSTEM ............................................. 8GENERAL .................................................................................................... 8FEDERAL..................................................................................................... 8STATES........................................................................................................ 9

ORGANIZER SPREADSHEETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9FEDERAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

BASIC RETURN INFORMATION................................................................. 9COMPOSITE RETURNS .............................................................................. 9ESTIMATES ................................................................................................. 9DEPRECIATION........................................................................................... 9FORM 114..................................................................................................... 9FORM 1120 .................................................................................................. 9FORMS ........................................................................................................ 9SCHEDULE B.............................................................................................. 10SHAREHOLDERS....................................................................................... 10

STATES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10GENERAL ................................................................................................... 10ALABAMA .................................................................................................. 10ARIZONA.................................................................................................... 10CALIFORNIA .............................................................................................. 10CONNECTICUT........................................................................................... 10DISTRICT OF COLUMBIA........................................................................... 10GEORGIA..................................................................................................... 11INDIANA...................................................................................................... 11KENTUCKY CITIES ...................................................................................... 11LOUISIANA.................................................................................................. 11MARYLAND................................................................................................. 11MICHIGAN CITIES ....................................................................................... 11MINNESOTA ............................................................................................... 11MONTANA ................................................................................................. 12NEVADA ..................................................................................................... 12NEW JERSEY.............................................................................................. 12NEW MEXICO............................................................................................. 12NEW YORK................................................................................................. 12OHIO........................................................................................................... 12OHIO CITIES ............................................................................................... 12OKLAHOMA ............................................................................................... 13PENNSYLVANIA......................................................................................... 13RHODE ISLAND ......................................................................................... 13

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TEXAS ........................................................................................................ 13VIRGINIA .................................................................................................... 13WISCONSIN ............................................................................................... 13

PARTNERSHIP RETURNS (FORM 1065). . . . . . . . . . . . . . . . . . . . . . . . . . 13ORGANIZER SPREADSHEETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13E-FILE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

BUSINESS RULES MANAGEMENT SYSTEM ............................................ 13FEDERAL.................................................................................................... 14STATES....................................................................................................... 14

FEDERAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14DEPRECIATION.......................................................................................... 14FOOTNOTES .............................................................................................. 14FORM 114.................................................................................................... 14FORM 1065 ................................................................................................ 14FORM 7004................................................................................................ 15SCHEDULE B.............................................................................................. 15

STATES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15GENERAL ................................................................................................... 15CALIFORNIA .............................................................................................. 15DISTRICT OF COLUMBIA........................................................................... 15GEORGIA.................................................................................................... 15INDIANA..................................................................................................... 15NEW YORK................................................................................................. 15OHIO CITIES ............................................................................................... 15OKLAHOMA ............................................................................................... 15WISCONSIN ............................................................................................... 15

FIDUCIARY RETURNS (FORM 1041) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16GENERAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

LETTERS AND FILING INSTRUCTIONS .................................................... 16E-FILE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

BUSINESS RULES MANAGEMENT SYSTEM ............................................ 16STATES....................................................................................................... 16

FEDERAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 161099 SOURCE DOCUMENTS..................................................................... 16FORM 114.................................................................................................... 17FORM 1116 .................................................................................................. 17

STATES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17ARIZONA.................................................................................................... 17IDAHO ........................................................................................................ 17NEW YORK................................................................................................. 17SOUTH CAROLINA .................................................................................... 17VIRGINIA .................................................................................................... 17

ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) . . . . . . . . 17E-FILE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

BUSINESS RULES MANAGEMENT SYSTEM ............................................ 17FEDERAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

FORM 990.................................................................................................. 18STATES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

CALIFORNIA .............................................................................................. 18

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ESTATE TAX (FORM 706) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18STATES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

TENNESSEE ............................................................................................... 18

GIFT TAX (FORM 709) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18FEDERAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

FORM 709 .................................................................................................. 18

EMPLOYEE BENEFIT PLANS (FORM 5500) . . . . . . . . . . . . . . . . . . . . . . .19E-FILE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

BUSINESS RULES MANAGEMENT SYSTEM ............................................ 19

TRIAL BALANCE BRIDGE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19

IV

THE 2016 DEVELOPMENT PLAN

OVERVIEWThe 2016 tax year product includes many new features designed to improve efficiency and productivity. This document provides information about these major new initiatives currently being developed. Our goals in enhancing our products are to improve ease-of-use and to increase your productivity and efficiency. In 2016, our applications will include even more forms and greater functionality.

This document addresses general product direction and related information.

Note: This is the current development plan. It is subject to modifications based on changes in compliance and resources.

RELEASE SCHEDULE

We have developed the release schedule with the goal in mind of maximizing testing opportunities to ensure quality while meeting your processing needs. The table below shows the 2016 GoSystem Tax Release Schedule.

This schedule represents the minimum number of releases for GoSystem Tax. We will provide interim updates as needed. The 16-P release allows clients to prepare for preseason by identifying the returns for which they wish to suppress rollover and/or Organizer print services and authorize preseason.

SUPPORTED ENVIRONMENTS

Because requirements for the supported environments change from time to time, refer to the most current information on our Customer Center site.

We recommend that you review the Microsoft Product Lifecycle information when planning for the upcoming tax season: http://support.microsoft.com/select/?target=lifecycle.

VERSION AVAILABLE VERSION AVAILABLE

16-P 10/28/2016 16-4 3/24/2017

16-1 12/2/2016 16-5 5/26/2017

16-2 1/13/2017 16-6 7/21/2017

16-3 2/10/2017 16-7 9/22/2017

1

NEW FOR TAX PROCESSING

NEW FOR TAX PROCESSING

We have made a significant number of productivity-enhancing changes to the 2016 tax applications. We based these changes on requests from you — our clients, an internal annual review, support issues, and overall corporate goals.

COMMON TAX APPLICATION ENHANCEMENTS

Note: Unless otherwise indicated, these changes apply to all tax applications.

EFIN/SIGNATURE AUTHORIZATION FOR E-FILE(1040, 1041, 1065, 1120, 990)

The IRS now requires that an EFIN, or Electronic Filing Identification Number, must be entered for e-file. The EFIN entered in the EFIN selected for return field must match a valid EFIN submitted to Thomson Reuters as detailed below.

In order to get a list of acceptable EFINs for an account, Thomson Reuters requires preparers to submit a copy of their Application Summary from E-services prior to e-filing. Please send the application summary to [email protected] and include your 4-character account number in the subject line.

TAX DEFAULTS

No new features for this tax year.

COMPETITIVE CONVERSIONS

For 1040, we are adding competitive conversions for the following forms:

• Form 3520

• Form 8621

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INDIVIDUAL RETURNS (FORM 1040)


GENERAL

NAVIGATION

We are updating the Organizer navigation to simplify data entry across applications:

• We are bolding active Organizers.

• We are flattening the navigation tree.

PRINTING

We are implementing a new optional Print Order:

• We are modifying the default print order to bring e-file payment voucher and signature forms to the top of return print for federal and state jurisdictions.

• We are providing an optional print order to present actions items such as payment vouchers, signature forms, and paper-filed returns at the top of the printed return.

E-FILE

BUSINESS RULES MANAGEMENT SYSTEM

We are implementing the Business Rules Management System (BRMS) for 2016. BRMS provides the ability to run federal and/or state business rules validation based on the actual e-file XML that is submitted.

• To initiate the BRMS validation process, click the button to create an e-file or to generate a validation file.

• To view results, select View | Diagnostics from within a locator, and then select E-file Alerts, E-file Rejects, or E-file Extension.

• To clear the BRMS diagnostics, make corrections to the data entry, and then click the button to recreate an e-file or regenerate a validation file.

• To print results, select All Returns in the Reports section.

• GOTO ability is also available.

FORM 1040NR

We are adding the ability to e-file Form 1040NR returns.

SELF-PREPARED RETURNS

We are adding the ability to e-file self-prepared returns.

STATES

We are adding the following jurisdictions to e-file:

• Ohio RITA

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• Ohio Municipal City return for Cincinnati, Dayton, and Lorain.

ORGANIZER SPREADSHEETSWe are adding a spreadsheet for city e-file.

FEDERAL

DEPENDENTS

We are adding a diagnostic for dependents turning 24 in the current tax year.

FORM 1099

We are adding investment advisor fees to the 1099 Brokerage Organizer.

FORM 3520/3520

We are combining the common input for these forms.

FORM 8960

We are adding the Section 68 adjustment to Form 8960.

HEALTH SAVINGS ACCOUNTS

We are updating the Health Savings Account data entry to indicate HSA Qualified Insurance held for 12 months:

• Family or Self Only

• Over 55 Self

• Over 55 Spouse.

NEW FORMS

We are adding the following form:

• Form 8854: Initial and Annual Expatriation Statement

• Form 14039: Identity Theft Affidavit

SCHEDULE K-1

We are updating K-1 Organizer data entry for additional passive/non-passive reporting, 28% long-term capital gain/loss within Passive Activity loss calculation, and proforma of portfolio income items.

STATE INCOME TAX REFUNDS

We are adding the ability to handle prior year calculations.

TAX EQUALIZATION

We are adding an option to optimize for itemized deductions implemented for state calculations.

4


STATES

NOL

We are adding Net Operating Loss forms added for applicable states and NOL module for states with NOL adjustments without state forms:

• Alabama

• Arkansas (no state form)

• District of Columbia UBT

• Georgia

• Hawaii

• Idaho

• Iowa

• Kentucky

• Michigan

• Mississippi (no state form)

• Montana

• Nebraska

• Oklahoma

• Oregon (no state form)

• Wisconsin.

ALABAMA

We are adding the following forms:

• Form NOL-85: Computation of Net Operating Loss

• Form NOL-85A: Net Operating Loss Carryback or Carryforward

ARIZONA


• Form 312: Agricultural Water Conservation System Credit

CALIFORNIA

We are adding K-1 data entry to the state.


• Form 3504: Enrolled Tribal Member Certificate

• Form 3541: California Motion Picture and Television Production Credit

DISTRICT OF COLUMBIA


• Form D-30 NOL: Net Operating Loss Deduction for Tax Years Before 2000

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GEORGIA


• Form 500-NOL: Net Operating Loss Adjustment for Other than Corporations

HAWAII


• Form N-109: Application for Tentative Refund from Carryback of Net Operating Loss

IDAHO


• Form 56: Idaho Net Operating Loss Carryforward/Carryback

IOWA


• Form IA-123: Iowa Net Operating Loss (NOL) Worksheet

KENTUCKY


• Schedule KNOL: Net Operating Loss Schedule


KENTUCKY CITIES (KENTUCKY LOCAL)


• Form OL-S: Single District Occupational License Fee Return

MASSACHUSETTS


MICHIGAN


• Form MI-1045: Application for Michigan Net Operating Loss Refund

MICHIGAN CITIES


• Form CF-1040X: Common Forms Amended Tax Return

MISSISSIPPI


• Net Operating Loss Worksheet

• Form 80-360: Catastrophe Savings Tax Schedule

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MONTANA


• Form MT NOL: Net Operating Loss (Schedule A, B, and C)

NEBRASKA


• Form NOL: Net Operating Loss Worksheet

• Form 3800N, Worksheet E and Worksheet RD

NEW YORK

We are adding the following forms to mandatory implementation of 2D barcodes: IT-1099-R, IT-114, IT-201-ATT, IT-203-X, IT-214, IT-360.1, NYC-208


• Form IT-236: Credit for Taxicabs and Livery Service Vehicles Accessible to Persons with Disabilities

• Form IT-238: Claim for Rehabilitation of Historic Properties Credit

• Form IT-242: Claim for Conservation Easement Tax Credit

• Form IT-252: Investment Tax Credit for the Financial Services Industry

• Form IT-611: Claim for Brownfield Redevelopment Tax Credit for Qualified Sites Accepted into the Brownfield Cleanup Program Prior to June 23, 2008

• Form IT-611.1: Claim for Brownfield Redevelopment Tax Credit for Qualified Sites Accepted into the Brownfield Cleanup Program on or After June 23, 2008

• Form IT-612: Claim for Remediated Brownfield Credit for Real Property Taxes for Qualified Sites Accepted into the Brownfield Cleanup Program Prior to July 1, 2015

• Form IT-635: New York Youth Works Tax Credit

• Form IT-639: Minimum Wage Reimbursement Credit

• Form DTF-621: Claim for QETC Employment Credit

• Form DTF-622: Claim for QETC Capital Tax Credit

• Form DTF-624: Claim for Low-Income Housing Credit

OKLAHOMA


• Form 511NOL: Net Operating Loss Full-Year Residents Only

• Form 511NR-NOL: Net Operating Loss(es) Nonresident/Part-Year Residents Only

OREGON


• Form OR-ADD-DEP: Oregon Personal Income Tax Return Additional Dependents

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CORPORATE RETURNS (FORM 1120)

PENNSYLVANIA


• Schedule W: Employment Incentive Payments Credit

WISCONSIN



• Worksheet 1: Wisconsin NOL

• Worksheet 3: Record of Wisconsin NOL Carryback and Carryforward of Losses


GENERAL

LETTERS AND FILING INSTRUCTIONS

We are activating the EFT paragraph language in Organizer for all applicable cities.

E-FILE








GENERAL

We are changing the group screen display for the e-file summary so that it will not show blank rows.

FEDERAL

We are implementing new IRS requirements for the EFIN.

We are allowing qualified extensions even when the return has reject diagnostics.

8


STATES

We are adding the following jurisdictions/forms to e-file:

• Alabama Form CPT for financial institutions

• District of Columbia

• Nebraska

• New Hampshire

We are adding validation tabs in the Common State area for Alabama Composite and PPT.

We are adding miscellaneous state forms for e-file.

ORGANIZER SPREADSHEETSWe are combining the spreadsheets for Enable/Create Returns and Enable/Create Federal Copy into two tabs on the Enable/Create Returns spreadsheet.

FEDERAL

BASIC RETURN INFORMATION

We are adding an In care of line to Organizer | General Information.

COMPOSITE RETURNS

We are adding the option to opt in/out of the composite return in the federal Organizer.

ESTIMATES

We are changing estimates so that they will no longer generate automatically.

DEPRECIATION

We are adding the ability to suppress depreciation projections for AMT for print purposes only.

We are adding a column to the federal workpaper for depreciation detail to display all Section 179 expense for an asset.

FORM 114

We are updating the Organizer data entry to ensure a consistent look and feel across applications.

We are adding a print suppression option for Pages 3 and 4.

FORM 1120

We are adding detail print for Schedule L at the nonlife level.

FORMS


• Form 1120-IC-DISC: Interest Charge Domestic International Sales Corporation Return (second quarter, 2017)

• Form 8975: Country-by-Country Report

9


SCHEDULE B

We are enabling pass-through entity information to flow to the schedule automatically.

SHAREHOLDERS

We are adding fields for each shareholder type in the federal Organizers.

STATES

GENERAL

Beginning in 2016, the federal copy attached to all state returns will be the government copy.

We are improving Organizer input in division returns for the following states:

• California

• Massachusetts

• Minnesota

• Mississippi

• South Carolina

• West Virginia

ALABAMA

We are enhancing the Alabama filing instructions.

ARIZONA


• Claim of Rights

CALIFORNIA

We are allowing for the automatic flow from federal input for all applicable lines on California Form 568, Schedule B.

CONNECTICUT

We are implementing major changes for the following:

• 2D barcodes

• unitary return.

We are adding new Organizer screens for Connecticut depreciation and credit forms.


• Form CT-1120CU: Combined Unitary Corporation Business Tax Return


We will automatically populate the Initial Return field on Basic Return Information | Return Information when Federal and/or Common State are populating.

10


GEORGIA


• Form GA-V: Withholding Payment Voucher

• Form IND-CR 201: Disabled Person Home Purchase or Retrofit Credit

• Form IND-CR 202: Child and Dependent Care Expense Credit

• Form IND-CR 203: Georgia National Guard/Air National Guard Credit

• Form IND-CR 204: Qualified Caregiving Expense Credit

• Form IND-CR 205: Driver Education Credit

• Form IND-CR 206: Disaster Assistance Credit

• Form IND-CR 207: Rural Physicians Credit

• Form IND-CR 208: Adoption of a Foster Child Credit

• Form IND-CR 209: Eligible Single-Family Residence Tax Credit

• Form IND-CR: Summary Schedule Worksheet

We are adding Georgia expanded credit schedules.

INDIANA

We are adding filing instructions for Form IT-6WTH.


• Form IN-40QEC: Enterprise Zone Qualified Employee Deduction Certificate

KENTUCKY CITIES

We are adding additional Kentucky cities to the tax application.

LOUISIANA

We are adding the option to suppress Form IT-565-B, Page 1, supporting schedule, Section B whitepaper.


• Form CFT-4: Corporation Franchise Tax Initial Return

MARYLAND


• Form 502R: Retirement Income

• Form IND-PV: Payment Voucher

MICHIGAN CITIES


• Form 5472: Direct Debit of Tax Payments

MINNESOTA


11


• Form M1REF: Refundable Credits

• Form M1PCS: Credit for Parents of Stillborn Children

MONTANA


• Form-SB: Small Business Corporation Tax Payment Voucher

NEVADA

We are adding all applicable spreadsheet fields for Nevada.


• Nevada Commerce Tax (Continuous Use Form)

NEW JERSEY

We are adding new credit forms for New Jersey (with e-file).


• Form 501-GIT: New Jersey Gross Income Tax Domestic Production Activities Deduction (S corporations).

NEW MEXICO


• Form PTW-PV: Annual Withholding of Net Income From a Pass-Through Entity Detail Report Tax Payment Voucher

NEW YORK


• Form CT-300: Mandatory First Installment (MFI) of Estimated Tax for Corporations

• Form CT-33.2: Insurance Credit

• Form CT-5.6: Extension for CT-186

• Form TR-573-CT: E-file Mandate Attachment

OHIO

We are adding 2D barcodes for Ohio pass-through forms.


• Form IT/SD 2210: Interest Penalty on Underpayment of Ohio or School District Income Tax Long Method.

OHIO CITIES

We are adding the following form for Cincinnati:

• Form E-1: Extension.

12

PARTNERSHIP RETURNS (FORM 1065)

OKLAHOMA

We are adding K-1 Equivalent overrides for federal and state depletion.

PENNSYLVANIA

We are redesigning the rental activities Organizers for Pennsylvania.

We are allowing diagnostic suppression when filing Form PA-20S and not Form RCT-101.

We are adding print detail for Form NRK-1, line 14 and Form RK-1, line 16 (Nontaxable Income or Nondeductible Expenses Required).

RHODE ISLAND


• Form RI-1040H: Property Tax Relief Claim

TEXAS

We are adding proforma for the Texas 1120 affiliate list.

VIRGINIA

We are adding rollover for basic K-1 information for Form 502 VK-1.

WISCONSIN


• Form PW-ES: Wisconsin Pass-Through Entity Withholding Estimated Payment Voucher

• Schedule BD: Business Development Credit

• Schedule DE: Disregarded Entity Credit

• Worksheet 4: Allowable Deduction for a NOL Carryback or Carryforward


ORGANIZER SPREADSHEETSWe are combining the spreadsheets for Enable/Create Returns and Enable/Create Federal Copy into two tabs on the Enable/Create Returns spreadsheet.

E-FILE



13







FEDERAL

We are implementing new IRS requirements for the EFIN.

We are allowing qualified extensions even when the return has reject diagnostics.

We are adding the ability to create the XML file without the need to run validation again.

STATES

We are adding e-file for the following jurisdictions:

• District of Columbia

• Nebraska

• New Hampshire

• North Carolina

• South Carolina

We are adding miscellaneous state forms for e-file.

FEDERAL

DEPRECIATION

We are adding the ability to suppress depreciation projections for AMT.

We are adding a column to the federal workpaper for depreciation detail to display all Section 179 expense for an asset.

FOOTNOTES

We are adding the option to Partner Footnotes to begin a footnote on a new page.

FORM 114


We are adding a print suppression option for Pages 3 and 4.

FORM 1065

For print, we are adding the ability to suppress the date in the Sign Here section on Form 1065, Page 1 if the option is selected in Tax Defaults.

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FORM 7004

We now allow code 31 for Form 8804 to print on Form 7004.

SCHEDULE B

We are enabling pass-through entity information to flow to the schedule automatically.

STATES

GENERAL

Beginning in 2016, the federal copy attached to all state returns will be the government copy.

CALIFORNIA

We are auto-enabling Form 568 for the LLC entity/partnership type.

We are adding filing instructions for Form 592-F, along with filing instruction information for Form 592-B on the main state form filing instructions.

We are enabling a Common State override for K-1 in situations where the federal return is amended.


We now automatically populate the Initial Return field on Basic Return Information | Return Information when Federal and/or Common State are populating.

GEORGIA


• Form GA-V: Withholding Payment Voucher

• Form G-1003: Withholding Income Statement Transmittal

INDIANA

We are adding filing instructions for Form IT-6WTH.

NEW YORK

We enabled partners that have a Partnership and LLC entity type to receive both Forms IT-204-P and IT-204-CP (Corp K-1). Previously, these entity types received Form IT-204-IP only.

OHIO CITIES

We are adding the following form for Cincinnati:

• Form E-1: Extension.

OKLAHOMA

We are adding K-1 Equivalent overrides for federal and state depletion.

WISCONSIN


• Form PW-ES: Wisconsin Pass-Through Entity Withholding Estimated Payment Voucher

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FIDUCIARY RETURNS (FORM 1041)

• Schedule BD: Business Development Credit

• Schedule DE: Disregarded Entity Schedule

FIDUCIARY RETURNS (FORM 1041)

GENERAL

LETTERS AND FILING INSTRUCTIONS

We are updating the application to support the modernized letters and filing instructions module.

E-FILE








STATES

We are adding e-file for the following states:

• New York Estimates

• South Carolina

FEDERAL

1099 SOURCE DOCUMENTS

We are moving 1099-MISC from under the Common State Organizer to be under the Federal Source Document in navigation.

We are adding flow from the 1099-MISC fields to the associated federal forms.

We are adding Nonresident PAB and TEI input fields on 1099-INT and 1099-DIV with associated flow to the return and print.

16

ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990)

FORM 114


FORM 1116

We are adding flow of data from 1099-INT, 1099-DIV, and 1099-Consolidated foreign tax paid items to Form 1116.

STATES

ARIZONA


• Form 141AZ V: Arizona Estate or Trust Income Tax Payment Voucher.

IDAHO


• Form 49:, Idaho Investment Tax Credit

• Form 49C: Idaho Investment Tax Credit Carryover

• Form 49R: Recapture of Idaho Investment Tax Credit

• Form 55: Idaho Credit for Qualifying New Employees

• Form 67: Credit for Idaho Research Activities

NEW YORK

We are adding e-file for New York estimate payments.

SOUTH CAROLINA


• Form SC1041 K-1: Beneficiary’s Share of South Carolina Income, Deductions, Credits, Etc.

VIRGINIA

We are adding a Form 770 attachment for each beneficiary that lists its share of Virginia source income.

ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990)

E-FILE



17

ESTATE TAX (FORM 706)






FEDERAL

FORM 990

To meet IRS requirements, we are adding the capability to generate NONE automatically for Form 990, Part VII, Officers’ Compensation.

STATES

CALIFORNIA


• Form FTB 3539: Payment for Automatic Extension for Corporations and Exempt Organizations.

ESTATE TAX (FORM 706)

STATES

TENNESSEE

The State of Tennessee has announced that the inheritance tax will not be imposed after December 31, 2015. Beginning with the 2016 tax year, we are removing the Tennessee Organizer and Tax Forms screens from the 706 application.

GIFT TAX (FORM 709)

FEDERAL

FORM 709

We currently have two entries in the system for Amount of specific exemption for prior periods before January 1, 1997. We plan to remove one of the points of entry so the client will not have to input the data twice.

18

EMPLOYEE BENEFIT PLANS (FORM 5500)

EMPLOYEE BENEFIT PLANS (FORM 5500)

E-FILE








TRIAL BALANCE BRIDGE

No new features for this tax year.

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Documents

GOSYSTEM TAX - Login · GOSYSTEM TAX NEW FEATURES FOR THE 2016 TAX YEAR LAST UPDATED: ... • Form NOL: Net Operating Loss Worksheet • Form 3800N, Worksheet E and Worksheet …