990 Non-Profit Organization Income Tax Enhancements
E-file
New Features and Options for E-file
We are adding a new e-file option to disqualify federal and state returns. When the option is selected, it will generate an e-file reject diagnostic.
Federal
Form 990T
We are adding the following forms for Form 990T at the end of the 2020 tax year:
-
Form 1118: Foreign Tax Credit for Corporations
-
Form 3800: General Business Credit
-
Form 8453-EO: Exempt Organization Declaration and Signature
-
Form 8453-EO for Form 4720
-
Form 4136: Credit for Federal Tax Paid on Fuels
-
Form 8801: Credit for Prior-Year Minimum Tax- Individuals, Estates, and Trusts
-
Form 8827: Credit for Prior-Year Minimum Tax – Corporations
New Forms
We are adding the following form:
-
Form 851: Affiliations Schedule (adding at the end of the 2020 tax year)
-
Form 8865: Schedule K-2 Partners’ Distributive Share Items – International
-
Form 8865: Schedule K-3 Partner’s Share of Income, Deductions, Credits, etc. – International
States
No new features for this tax year.
RS Resources/990_enhancements.htm/TY2021
Last Modified: 11/11/2020
Last System Build: 09/25/2022
©2021-2022 Thomson Reuters/Tax & Accounting.