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10215: 1041 - EF Messages 0102, 0115, 0193, 0194


1041 Fiduciary

Fiduciary EF Messages 0102, 0115, 0193, 0194 point to problems with dates entered to define a fiscal year used in the return.
 

Do you intend to use a fiscal year in the return? If not, return to screen 1 and remove the fiscal year beginning and ending dates.

Otherwise, your fiscal year start or end date is incorrect, or you are trying to file a fiscal year return from Drake tax year software for the tax year in which the fiscal year ends (messages 0193, 0194). For example, a return using a fiscal year beginning in 2021 and ending in 2022 must be filed from Drake21. 

The IRS considers an ending month of 12 to be a calendar year and the dates should be removed from the fiscal year fields. Drake Tax assumes a calendar year, unless it is otherwise indicated in the fiscal year fields on screen 1

For more information, see the Form 1041 Instructions.

EF Message 0102

INVALID FISCAL YEAR DATES: The number of days between the fiscal year beginning and fiscal year ending dates cannot exceed 365 days (366 during leap year). Return to screen 1 and correct the fiscal year dates.

EF Message 0115

INVALID FISCAL YEAR. A tax year beginning 01-01-20XX and ending 12-31-20XX is considered a calendar year, not a fiscal year. Return to screen 1 and remove both the "Fiscal begin" and "Fiscal end" dates.

EF Message 0193 - In the message displayed in a return, the value "NNNN" will be the current tax year of the software, "PPPP" will be the previous tax year.

INVALID TAX PERIOD BEGINNING DATE: For a return filed for tax year NNNN, the tax period beginning date must be in NNNN. Return to screen 1 and enter a valid fiscal year beginning date or consider filing this return in the PPPP software.

EF Message 0194 - In the message displayed in a return, the value "NNNN" will be the current tax year of the software, "YYYY" will be the next tax year after current tax year of the software.

INVALID TAX PERIOD ENDING DATE: For a return filed for tax year NNNN, the tax period ending date must be one of the following values if "Final Return" is not marked on screen 1:

12/31/NNNN         04/30/YYYY        08/31/YYYY
01/31/YYYY         05/31/YYYY        09/30/YYYY
02/29/YYYY         06/30/YYYY        10/31/YYYY
03/31/YYYY         07/31/YYYY        11/30/YYYY

Return to screen 1 and enter one of these valid fiscal year end dates.


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