This release improves 1120S Schedule K 2025 population and updated 2025 tax form descriptions for clarity.
Bug Fixes
Improved 1120S Schedule K support for 2025 values in reports
Entity reports now correctly populate 2025 1120S Schedule K values, improving reporting accuracy.
Enhancements
2025 Tax Document Description Updates
2025 tax form descriptions updated to match official 2025 wording across multiple forms/schedules listed below:
- 1040 Schedule A
- 1040 Schedule D
- 1040 Schedule 1
- 1120S Schedule K
- 1065 Schedule K
Enhanced the following global reports to support Form 990 and M-3
- Income Statement (3.0)
- Income Statement wBF
- Balance Sheet (3.0)
- Balance Sheet wBF
Overall Impact
This update focuses on enhancing data integrity and reporting workflows. Key improvements refined automated population for 2025 forms to minimize manual entry, and updated labeling to improve user clarity. These enhancements provide a more accurate and efficient analysis experience with minimal operational impact.
