1120 Interim Release Notes for 18-7.29F

Date of Release: 10/2/2020

* Important Information
* New for This Release: Federal
* New for This Release: State
* Open Issues: Federal
* Open Issues: Federal Insurance
* Open Issues: State
* Open Issues: State Insurance
* Closed Issues: Federal
* Closed Issues: Federal Insurance
* Closed Issues: State
* Closed Issues: State Insurance

This document provides interim release notes and known issues for 1120, version 18-7.29F. This also includes cumulative addressed issues for prior interim updates to the 18-7F release.

Important Information

Click CARES Act: Description of Changes for a summary of the changes made to this and other tax applications due to the CARES Act and projected release dates for those changes.

Click here for important information covered in prior release notes. This information is important for the 2018 tax year but has been moved to a separate page to make it easier to read the release notes.

New for This Release: Federal

Forms Status

View the list of federal forms at this URL: https://www.riahelp.com/html/2018/reports/fedforms/1120_Federal_Form_Status.pdf

New for This Release: State

State Releases

Please see the information on state release status at Home > Release Information > 1120 in the RS Browser.

Open Issues: Federal

Please see Customer Center for up-to-date information on post-release known issues.

Depreciation

Additional Common State conformity items including farm activity assets and use of the expanded federal auto/truck limits for assets placed in service in 2018 will be included on upcoming releases. Specific state conformity items will also be addressed in upcoming releases.

Some 2018 short year returns may have federal or state computation issues on some assets using the new ADS option selections.

Extender Forms

Numerous federal credits expired at the end of 2017. Congress has retroactively extended these credits. As the IRS updates the forms, we are adding them back into the tax application.

We are still waiting for drafts of the following form from the IRS:

Form 8923

Payment/Deposit Information Report

For this release, the following jurisdictions are not included for the Payment/Deposit Information Report:

Idaho
Michigan
Missouri
Nebraska
New Jersey
Rhode Island
Virginia
West Virginia

Open Issues: Federal Insurance

Please see Customer Center for up-to-date information on post-release known issues.

Open Issues: State

Please see Customer Center for up-to-date information on post-release known issues.

Open Issues: State Insurance

Please see Customer Center for up-to-date information on post-release known issues.

Closed Issues: Federal

None addressed on this release.

Closed Issues: Federal Insurance

None addressed on this release.

Closed Issues: State

Illinois

18-7.29F We removed the Attachment folder from Organizer > States > Illinois > E-file.

New Jersey

18-7.29F We updated the e-file schema to reflect changes made by the New Jersey DOR.

Closed Issues: State Insurance

None addressed on this release.

Tax Application Release Notes and Resources/2018_1120_interims.htm/TY2021

Last Modified: 05/25/2021

Last System Build: 11/08/2021