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14962: 2017.09.11 - Drake16 Multi-Program Updates


Drake16 Update Notes

2017.09.11 - Drake16 Multi-Program Updates

 

Federal Program Update 13

  • FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), is now available for e-file through Drake Tax.

1040 Program Update 68

  • FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), is now available for e-file through Drake Tax.
  • The interest rate for the penalty calculation was updated in accordance with IRS Rev. Rul. 2017-18.  

1041 Program Update 15

  • FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), is now available for e-file through Drake Tax. 

1065 Program Update 16

  • FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), is now available for e-file through Drake Tax.

1120 Program Update 18

  • FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), is now available for e-file through Drake Tax.

1120-S Program Update 18

  • FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), is now available for e-file through Drake Tax.
  • An additional data entry field was added to Form 5471 to report prior names of the foreign corporation for which the form is filed.

990 Program Update 14

  • FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), is now available for e-file through Drake Tax.
  • An additional data entry field was added to Form 5471 to report prior names of the foreign corporation for which the form is filed.

Iowa Update 30

  • Estate Package:
    • The ZIP code of the “Decedent’s last address” will be printed as expected on Form 706, Iowa Inheritance Tax Return.

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