Menu

Search

Knowledge Base


16515: 2020 - Drake18 Updates


Drake18 Update Notes

Updates released in calendar year 2020 for Drake18.

 

Iowa Update 35

  • Individual Package:
    • Step 3, "Exemptions," line b, of the 2018 Form IA 1040, will now be calculated if the person is marked as "Blind" and the filing status of the return is Married Filing Separately on federal screen 1.

Illinois Update 23

  • Individual Package:
    • The taxpayer's name and EIN will now be printed at the top of the IL Income Tax Credits Worksheet (IL1299I), as expected.
    • The IL Schedule M is now generated even if the amount on line 23 is the only amount entered on IL screen M2.

Texas update 8

  • Multiple Packages:
    • Drake Tax 2018 no longer generates non-amended Texas reports. Such reports must now be filed using Drake Tax 2019.

Florida Update 10

  • Corporation and S Corporation Package
    • Florida e-file specifications have been updated. 

Nebraska Update 29

  • S Corporation package:
    • Amended Forms 1120-SN, 2018, Nebraska S Corporation Income Tax Return, now produce EF Message 0042: "Amended Form is not allowed to be e-filed. An amended return must be paper-filed when the preparer marks 'Amended return' on federal screen 1 only."

North Carolina Update 12

  • Individual Package:
    • Form D-400, Schedule S, 2018 Supplemental Schedule, Part C, line 17, “Real estate property taxes,” will be limited to $5000 for filing status Married Filing Separate and $10,000 for all other filing statuses.

Florida Update 11

  • Corporation and S Corporation Packages:
    • EF reject 32 has been resolved for FL corporation returns. 

1040 Update 73

  • An EF Message now alerts the preparer to the presence of Private Mortgage Insurance in the return. This deduction has been retroactively extended. A program update to activate the deduction will be released once IRS has updated its forms and e-file rules.
  • The exemption amount on line 5 of Form 6251 will no longer be limited for certain filers under the age of 24. This is a retroactive change due to the passage of the Secure Act.

1041 Update 30

  • EF Message 5294, concerning Section 179 expense, will no longer be generated when Form 1041 returns are converted from another tax program into Drake Tax.

1065 Update 44

  • General program update.

1120 Update 38

  • General program update.

1120S Update 38

  • General program update.

990 Program Update 25

  • General program update.

Arizona Update 29

  • Individual Package:
    • For Individual returns using itemized deductions and taking a subtraction for lottery winnings on Form 140, 140PY, or 140NR, Schedule A, Schedule A(PY), and Schedule A(PYN) may need to be adjusted for gambling losses claimed as an itemized deduction. The program has been adjusted to use the federal allowable gambling losses rather than the total gambling losses.

Nebraska Update 30

  • Corporation Package:
    • The rounding calculation for Form 1120N, Schedule IV, Converting Net Income to Combined Net Income, column lll total has been corrected to match Form 1120N Nebraska Income Tax Return, line 2 preventing EF Message 0035: "NE 1120 Sch IV Invalid Entry The total of column III of the Schedule IV (Combined Income) must equal the Line 2, Form 1120N (Federal Taxable Income)" from being generated.
    • Form 2220, Nebraska Underpayment of Estimated Tax by Corporations, will not be generated when line 3 is less than $400, preventing the following EF Message from being generated: "If PartI_TaxAfterCreditAmt (line 3) is less than $400 then Lines 4 through 20 (from PartI and PartII of Form 2220N) must be zero or blank. Rule Number: F2220N-0009."

Florida Update 12 

  • Corporation and S Corporation Package
    • The program now includes an "Account Holder Type" when a payment is included with the return, preventing reject #00044. 

Arkansas Update 22

  • Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • An update prevents an extension from being e-filed after the due date of the return. Extensions can be filed only between the entity's fiscal year end and the due date of the tax return.

Nebraska Update 31

  • Corporation Package:
    • An update to Form 1120N, page 2, Schedule l-Apportionment for Multistate Business, allows line 13 to be e-filed in accordance with Business Rule S1-0005 to prevent a reject.
    • An update to Form 1120N, page 2, Schedule l-Apportionment for Multistate Business, allows line 15 to be e-filed in accordance with Business Rule S1-0009 to prevent a reject.

New Mexico Update 22

  • Individual Package:
    • When the Worksheet for Computation of Allowable Credit for Taxes Paid to Other States by New Mexico Residents is for a Hawaii nonresident return, all four pages of the HI return will be generated for the PDF attachment.

Indiana Update 21

  • Individual Package
    • Amounts from the previous year's Schedule IT-40NOL, Individual Income Tax Net Operating Loss Computation, now flow to the current year.
    • Amounts from line 16 of federal Form 461 now flow to Part 1, line 7 of Form IT-40NOL.
    • Schedule IT-40NOL Carryforward Worksheet, now calculates the correct amount for IT-40, Schedule 2, "Deductions," line 9, and IT-40PNR, Schedule C, "Deductions," line 9. NOL carryforward. 

Arkansas Update 23

  • Individual Package:
    • All four pages of the Hawaii income tax return will now be attached to e-filed AR tax returns when credit for taxes paid to HI is taken on the AR return.

Pennsylvania Update 19

  • Individual Package:
    • All pages of the HI N15 will be included as a pdf and will attach to the PA-40 when the Schedule G-L - Credit for Taxes Paid by PA Residents to Other States is present.

Maine Update 22

  • Fiduciary Package:
    • The flow of income distribution from federal Form 1041, line 17, to ME Form 1041ME, page 3, Schedule 2, column 2, has been corrected.
  • Individual Package:
    • All four pages of the Hawaii income tax return will now be attached to the Maine income tax return when a credit for taxes paid to HI is claimed on the ME return.

Vermont Update 18

  • Individual Package:
    • An amended VT Form IN-111, Vermont Income Tax Return, with zero balance due or refund will now reflect the correct refund amounts.
    • An issue has been corrected Form HI-144, line l, column 1, that occurred when a partnership Schedule K-1 had section 179 deductions.

1041 Update 31

  • General program update.

1040 Program Update 74

  • An EF message now prevents reject R0000-004-01. Form 9465 can be e-filed for the current tax year only.
  • Returns containing a mortgage insurance premium deduction on Schedule A, line 8d, can now be e-filed.
  • 2018 returns containing Form 8615 cannot be e-filed at this time.
  • A program update will be released after IRS releases the new form instructions.

1065 Update 45

  • General program update.

1120 Update 39

  • General program update.

1120S Update 39

  • General program update.

990 Update 26

  • General program update.

Hawaii Update 17

  • Individual Package:
    • Schedule X is now produced correctly when taxable dependent care benefits exist.
  • Corporation Package:
    • To prevent a parse error on 'Header', an EF Message is generated when the corporate title entered on HI screen O is not an exact match.

Iowa Update 36

  • Individual Package:
    • EF Messages 0055 and 0177 will now be generated only when the amount on line 2 or 3 of Form IA 1040 is negative amount.

Iowa Update 37

  • Individual Package:
    • 1099R distribution codes of J, Q, or T will only flow to line 8 of IA1040.

Oregon Update 23

  • Individual Package
    • Mortgage insurance premiums on line 8a of the 2018 federal Schedule A will now flow to the 2018 Schedule OR-A, Oregon Itemized Deductions, line 15, "Mortgage insurance premiums."

North Dakota Update 17

  • Corporation Package:
    • When the filing method on page 1 of Form 40, is "Single Corp Entity," "Combined Report Method," or "Water’s Edge Method," and if ND Form 40, line 5, is "1.000000" or "0" (zero), ND Schedule FACT will automatically be included in the return. An EF Message now prevents reject ND F40-006: "When filing methods a, b, and c, if the apportionment factor does not equal 1.000000 or zero, Schedule FACT must be completed."

Arizona Update 30

  • Corporation Package:
    • The payment date on page 3 of Form 120, Arizona Corporation Income Tax Return, will now be printed in a smaller font so that the full date fits in the column.
    • Updated the Form 120X, "Arizona Amended Corporation Tax Return", page 1, Item B, Arizona filing method to match the filing method on Form 120 or 120A, "Arizona Corporation Tax Return".
  • Partnership
    • This update ensures all 165 Schedules K-1 generate for an Arizona partnership return.

Illinois Update 24

  • Individual Package:
    • The "Federal change" box on page 1, Step 1, of 2018 Form IL -1065-X, Amended Partnership Replacement Tax Return, will now be marked when the "Partially Agreed" box or the "Finalized" box is marked. 
    • The "Federal change" box on page 1, section "I," Step 1, of Form IL -1120-ST-X, Amended Small Business Corporation Replacement Tax Return, will now be marked when the "Partially Agreed" box or the "Finalized" box is marked. 
  • Business Packages:
    • EF Message 15 now prevents a parse error for the "CityNm" element when numerals are entered in the "City" field on federal screen 1. 

Maine Update 23 

  • Individual, Fiduciary, and Corporation Packages: 
    • The total from line 1 of all Maine Capital Investment Credit Worksheets, (MEWKMCIC), now flows to:
      • Form 1040ME, Schedule 1, line 1e 
      • Form 1041ME, Schedule 1, line 1f
      • Form 1120ME, line 4b
    • The total from line 4 of all MEWKMCIC worksheets flows to:
      • Form 1040ME, Schedule A, line 15
      • Form 1041ME, Schedule A, line 8
      • Form 1120ME, Schedule C, line 1f

Kentucky Update 27

  • Individual, Corporation, S Corporation, and Partnership Packages:
    • EF Message 3030 has been removed to allow e-file.
  • Individual Package:
    • Line 10, Total Contributions, of Form 740, Schedule A, Kentucky Itemized Deductions Full Year Residents Only, is now limited to 60% of the Kentucky Adjusted Gross Income.

Arkansas Update 24

  • Individual Package:
    • Form AR1000NR can now be e-filed when the apportioned tax liability on line 38D is "$0" (zero). Business rule IIT2018-0012 has been suspended for 2019 returns.

General Program Update 78

  • Page 2 of Form 5695, Residential Energy Credits, has been added to Setup > Pricing, item number 344 in the 1040 package.

1040 Update 75

  • A program update prevents reject SA-F1040-025: "If Schedule A (Form 1040), 'OtherMiscellaneousDedAmt' has a non-zero value, then 'OtherIncomeAmt' in [OtherIncomeTypeStatement] with corresponding 'OtherIncomeLitCd' having the value "GAMBLING WINNINGS" must be greater than or equal to 'MiscellaneousDeductionAmt' in [OtherMiscDeductionsStmt] with corresponding 'MiscellaneousDeductionTypeDesc' having the value "GAMBLING LOSSES"." 
  • Form 5695, Part 2, Nonbusiness Energy Property Credit, is now available in the program.
  • Form 8911, Alternative Fuel Vehicle Refueling Property Credit, has been added to Drake18 and is now available for filing.
  • Line 10 of Form 8835, Renewable Electricity, Refined Coal, and Indian Coal Production Credit, has been restored and is now available in Drake18. Until IRS systems are updated, however, an EF Message prevents e-file if line 10 is included on Form 8835. 
  • Line 10, "Biodiesel or Renewable Diesel Mixture Credit," and line 12, "Alternative Fuel Credit," have been added to screen 4136, Fuel Tax Credit.
  • Form 8917, Tuition and Fees Deduction, is now available in the program. 

1120 Update 40

  • Form 8911, Alternative Fuel Vehicle Refueling Property Credit, has been added to Drake18 and is now available for filing. 
  • Line 10 of Form 8835, Renewable Electricity, Refined Coal, and Indian Coal Production Credit, has been restored and is now available in Drake18. Until IRS systems are updated, however, an EF Message prevents e-file if line 10 is included on Form 8835.
  • An update prevents IRS reject X0000-005: "The XML data has failed schema validation."
  • Line 10, "Biodiesel or Renewable Diesel Mixture Credit," and line 12, "Alternative Fuel Credit," have been added to screen 4136, Fuel Tax Credit. 

1120S Update 40

  • Form 8911, Alternative Fuel Vehicle Refueling Property Credit, has been added to Drake18 and is now available for filing. 
  • Line 10 of Form 8835, Renewable Electricity, Refined Coal, and Indian Coal Production Credit, has been restored and is now available in Drake18. Until IRS systems are updated, however, an EF Message prevents e-file if line 10 is included on Form 8835.
  • Line 10, "Biodiesel or Renewable Diesel Mixture Credit," and line 12, "Alternative Fuel Credit," have been added to screen 4136, Fuel Tax Credit. 

1065 Update 46

  • Line 10 of Form 8835, Renewable Electricity, Refined Coal, and Indian Coal Production Credit, has been restored and is now available in Drake18. Until IRS systems are updated, however, an EF Message prevents e-file if line 10 is included on Form 8835.
  • Line 10, "Biodiesel or Renewable Diesel Mixture Credit," and line 12, "Alternative Fuel Credit," have been added to screen 4136, Fuel Tax Credit. 
  • 1041 Program Update 32
  • Form 8911, Alternative Fuel Vehicle Refueling Property Credit, has been added to Drake18 and is now available for filing. 
  • Line 10 of Form 8835, Renewable Electricity, Refined Coal, and Indian Coal Production Credit, has been restored and is now available in Drake18. Until IRS systems are updated, however, an EF Message prevents e-file if line 10 is included on Form 8835.
  • Line 10, "Biodiesel or Renewable Diesel Mixture Credit," and line 12, "Alternative Fuel Credit," have been added to screen 4136, Fuel Tax Credit.

990 Update 27

  • Lines 2a and 2b of Schedule D, Part IV, will now be answered on returns that have a negative ending balance on Form 990, Part X, line 21, "Escrow or custodial account liability." 
  • Form 8911, Alternative Fuel Vehicle Refueling Property Credit, has been added to Drake18 and is now available for filing.
  • Line 10, "Biodiesel or Renewable Diesel Mixture Credit," and line 12, "Alternative Fuel Credit," have been added to screen 4136, Fuel Tax Credit. 

Federal Update 35

  • General program update.

Wisconsin Update 37

  • Individual Package:
    • Line B3 of WI worksheet State/Local Tax Payments Made after 12/31/2018 (WI WK_A5), has been updated so the amount of Use tax due will flow to the 2018 WI return.
    • When filing an amended Form 1, Wisconsin Income Tax, the amount of overpayment applied to next year's estimated payment from line 54 of the original filing will now flow to line 54 of the amended Form 1 without being limited to the amount of refund on line 46.

North Dakota Update 18

  • Corporation Package:
    • A programming update prevents ND reject F40-006 and ND reject F40—007: "ND Reject F40—006, requires ND Schedule FACT to be completed in the return if on Form 40, page 1, line 1, filing method is a, b, and c and Form 40, page 1, line 5 does not equal 1.000000 or zero."
    • "ND Reject F40-007, requires ND Schedule FACT, line 14 or line 16, must equal ND Form 40, line 5 if the filing method on ND 40, page 1, line 1, filing method is a, b, and c."

New York Update 33

  • Corporation Package:
    • Line 2 of form NYC-222, Underpayment Of Estimated Tax By Business And General Corporations, will no longer generate the estimated payments made for tax year 2018. Prior to this update, line 2 was generating both the credits for the current tax year and the estimated payments made.

Oregon Update 24

  • Individual Package:
    • The "Tuition and Fees" deduction, code 308, is now available due to federal extender legislation.
    • Line 15, "Mortgage insurance premiums," of Schedule OR-A, Itemized Deductions, will now be limited the same as on the federal return, per the federal worksheet calculation on Wks PMI. 

1040 Update 76

  • Form 6478, Biofuel Producer Credit, is now available in Drake Tax '18.
  • Form 8845, Indian Employment Credit, is now available in Drake Tax '18.
  • Form 8908, Energy Efficient Home Credit, has been added to Drake Tax '18 and is now available for filing.

1120 Update 41

  • Form 8900, Qualified Railroad Track Maintenance Credit, is now available in Drake Tax '18.
  • Form 8908, Energy Efficient Home Credit, has been added to Drake Tax '18 and is now available for filing.
  • Form 6478, Biofuel Producer Credit, is now available in Drake Tax '18. 
  • Form 8845, Indian Employment Credit, is now available in Drake Tax '18. 

1120S Update 41

  • Form 8908, Energy Efficient Home Credit, has been added to Drake Tax '18 and is now available for filing.
  • Form 6478, Biofuel Producer Credit, is now available in Drake Tax '18. 
  • Form 8845, Indian Employment Credit, is now available in Drake Tax '18.

1065 Update 47

  • Form 8908, Energy Efficient Home Credit, has been added to Drake Tax '18 and is now available for filing.
  • Form 6478, Biofuel Producer Credit, is now available in Drake Tax '18. 
  • Form 8845, Indian Employment Credit, is now available in Drake Tax '18.

1041 Update 33

  • Form 8908, Energy Efficient Home Credit, has been added to Drake Tax '18 and is now available for filing.
  • Form 6478, Biofuel Producer Credit, is now available in Drake Tax '18. 
  • Form 8845, Indian Employment Credit, is now available in Drake Tax '18. 

990 Update 28

  • Form 6478, Biofuel Producer Credit, is now available in Drake Tax '18. 
  • Form 8845, Indian Employment Credit, is now available in Drake Tax '18. 

General Update 79

  • General program update.

Federal Program Update 36

The calculation for line 6 of Form 8835, has been corrected. Prior to this update, the thousandths place of the multiplying factor was not being taken into consideration after the February 19 update.

1120 Update 42

  • Interest rates for Form 2220, Underpayment of Estimated Tax by Corporations, has been updated to use 2019 rates released by the IRS.

1120S Update 42

  • Interest rates for Form 2220, Underpayment of Estimated Tax by Corporations, has been updated to use 2019 rates released by the IRS.

Montanta Update 26

  • Individual Package:
    • The process of attaching PDF files to Hawaii nonresident forms when a Montana Credit for Taxes Paid is present has been improved.
    • When the filing status is 2a, Married Filing Separately on the same form, and the spouse has an amount on Form 2, page 10, Column B, line 2, "If filing an amended return, enter overpayments already or applied to 2019." zero (0) will be entered in the taxpayer Column A, line 2. This prevents parse element: "PreviouslyIssuedRefunds."
    • The spouse's amount for line 22, "Total refund(s) and overpayment(s) for year amending," of the Amended Return Reconciliation Worksheet (MT2AMD), will appear in the "Net Change" column, as expected.

990 Update 29

  • Form 8864, Biodiesel and Renewable Diesel Fuels Credit, is now available for filing in Drake Tax '18.

General Program Update 80

  • General program update.

1065 Program Update 48

  • Form 8864, Biodiesel and Renewable Diesel Fuels Credit, is now available for filing in Drake Tax '18.

1041 Program Update 34

  • Form 8864, Biodiesel and Renewable Diesel Fuels Credit, is now available for filing in Drake Tax '18.

1120S Update 43

  • Form 8864, Biodiesel and Renewable Diesel Fuels Credit, is now available for filing in Drake Tax '18.

1120 Program Update 43

  • Form 8864, Biodiesel and Renewable Diesel Fuels Credit, is now available for filing in Drake Tax '18.

1040 Program Update 77

  • Form 8864, Biodiesel and Renewable Diesel Fuels Credit, is now available for filing in Drake Tax '18.
  • Form 8615 can now be filed. There are multiple ways to report a child’s unearned income for taxation purposes, including a new election to complete Form 8615 but pay tax at the parents’ rate. Read the IRS instructions for Form 8615 for more information.

California Update 27

  • Individual Package:
    • e-File specifications have been updated to the latest version published by the state.
    • Schedule X has been updated so the tax ID number will be printed when the primary tax ID number on the return is an ITIN.
    • Schedule CA(540) and Schedule CA(540NR) have been updated for federal tax law changes regarding mortgage insurance premiums.

General State Update 9

  • Individual Package:
    • The Adjusted Gross Income Split Worksheet (STWK_AGI) has been updated to include the tuition and fees adjustment to AGI. 

Georgia Update 12

  • Individual Package:
    • GA amended returns will now be eligible for e-file when the federal return is also being amended.
  • Corporation, S Corporation, and Partnership Packages:
    • A parse error on element 'Section3' has been resolved on Form IT-RD 2009, Research Tax Credit.

New Jersey Update 27

  • Corporation and S Corporation Packages:
    • The 2019 CBT-100 and CBT-100S for tax years ending on or after July 31, 2019, are now available for printing and e-file.

Arkansas Update 25

  • Individual Package:
    • A general programming update prevents the following parse error: "Error Message: Error(135,6): The element 'RequiredFields'

Federal Program Update 37

  • General program update.

1041 Program Update 35

  • Form 5884-A, Employee Retention Credit, has been updated to the latest version released by the IRS.
  • Form 8844, Empowerment Zone Employment Credit, has been updated to the most recent version and is available for filing.

1040 Update 78

  • Form 8615 is now eligible for e-file.
  • Form 5884-A, Employee Retention Credit, has been updated to the latest version released by the IRS.
  • Drake Tax has implemented the disaster relief provision that permits taxpayers whose homes were in a federally declared disaster area to use their 2017 earned income when computing the Earned Income Credit and Additional Child Tax Credit for 2018. New data entry fields are available on screen 8812. 
  • Form 8844, Empowerment Zone Employment Credit, has been updated to the most recent version and is available for filing.

Minnesota Update 18

  • All Packages:
    • All packages have been updated to match the latest changes released by the MN DoR for nonconformity to the federal extenders.

1065 Update 49

  • Form 5884-A, Employee Retention Credit, has been updated to the latest version released by the IRS.
  • Form 8844, Empowerment Zone Employment Credit, has been updated to the most recent version and is available for filing.

1120 Update 44

  • Form 5884-A, Employee Retention Credit, has been updated to the latest version released by the IRS.
  • Form 8844, Empowerment Zone Employment Credit, has been updated to the most recent version and is available for filing.

1120S Update 44

  • Form 5884-A, Employee Retention Credit, has been updated to the latest version released by the IRS.
  • Form 8844, Empowerment Zone Employment Credit, has been updated to the most recent version and is available for filing.

New Jersey Update 29

  • Corporation Package:
    • Form CBT-150C, Corporation Business Tax Estimated Tax Payments worksheets, can now be printed.
  • Corporation and S Corporation Packages:
    • Screens 500 and 500P were added to the "Other" tab of the Data Entry Menu in the Corporation package and to the "Sub-S to C Conversion" tab of the Data Entry Menu of the 1120S package.
    • Forms 500 and 500P can now be calculated and printed

Iowa Update 38

  • Individual Package:
    • In the 2018 program, the "2018" column of the "Net income from Iowa return" section on IA screen LN27 will now display the correct calculated results, as intended, even when the low income exemption is used on line 26 of Form IA 1040.

1040 Update 79

  • An error in the return update routine related to charitable contributions carryovers has been corrected. Prior to this update, an incorrect amount of charitable contribution carryover to 2019 could have been stored in the 2018 data file if both of the following statements were true:
    • The 2018 tax return was calculated and some of the charitable contributions were disallowed
    • The 2018 tax return was calculated again and all of the charitable contributions were allowed
  • That incorrect amount would have been imported into the "60% Limitation" field in the top section of the "Charitable Contributions Carried over from prior years" screen (available through a link on screen A) while updating returns from Drake Tax 2018 to 2019.
  • This update corrects a limitation issue that could have overstated the tax on returns where:
    • Form 8615 was filed
    • The election was made to use the parents' tax rates to calculate the child's tax
    • The parents had either capital gains or qualified dividends

Maine Update 24

  • Individual Package:
    • Form 1040ME, line 17, and the ME Standard/Itemized Deduction Worksheet (MEWK_STD), line 6, have been updated. If a taxpayer  itemizes deductions on the federal return, and ME recalculated itemized deductions are less than the standard deduction, the standard deduction will be applied instead of the itemized deductions.

New Jersey Update 30

  • Corporation Package
    • An update prevents EF Message, “CBT100 Sch A-3 Line 19 Total Tax Credits Taken contains a calculation error,” from being generated.

New York Update 34

  • Individual Package:
    • Mortgage insurance premiums entered on federal screens A and 1098 will now be included on line 11 of Form IT-196, New York Resident, Nonresident, and Part-Year Resident Itemized Deductions.

New Jersey Update 31

  • S Corporation Package:
    • The program was updated so that 2019 Fiscal Year ES vouchers can now be e-filed.

New Mexico Update 23

  • Fiduciary Package:
    • EF Message 0055 now prevents NM reject 1005, "Form FID-1 tax year beginning date must match tax year." This update also prevents entry for an incorrect fiscal-year beginning date.

Wisconsin Update 38

  • Individual Package
    • The tuition and fees deduction claimed on the federal return will now flow to line 2a of WI Schedule I, Adjustments to Convert 2019 Federal Adjusted Gross Income and Itemized Deductions to the Amounts Allowable for Wisconsin.
  • Corporation Package:
    • The amount of current-year NOL, net income, or NOL used in the current year, will now be calculated and carried back to WI screen BLCF.
    • The override field on line 19a of WI screen PEN for Form U, Underpayment of Estimated Tax by Corporations, now functions as expected.
  • Partnership Package:
    • New WI EF messages prevent Form 3, Wisconsin Partnership Return, from being e-filed when the "Amended" check box has been marked on federal screen 1 but WI Schedule AR, Explanation of Amended Return, has not been included.

Federal Program Update 38

  • General program updates.

1041 Program Update 36

  • An update prevents Form 461, Limitation on Business Losses, from being calculated. The CARES Act suspended this limitation until 2021. Any 2018 or 2019 return that has already been filed, and to which this limitation applied, should be amended.

1040 Program Update 80

  • Income excludable under Notice 2014-7 that is being reported on Schedule C can now be included in the computation of the Earned Income Credit and Additional Child Tax Credit. Go to screen C and enter the income to be excluded in the "Income to be excluded per notice 2014-7" field, then mark the check box on the 8812 screen to include the income that is being excluded per Notice 2014-7 in the EIC and ACTC calculations.
    • Prior to this update, excludable income that was not received on a W-2 could not be included for EIC and ACTC.
  • Form 8835 can now be e-filed if there is an amount on line 10, "Tons produced and sold."
  • An update prevents Form 461, Limitation on Business Losses, from being calculated. The CARES Act suspended this limitation until 2021. Any 2018 or 2019 return that has already been filed, and to which this limitation applied, should be amended.

Michigan Multiple Package Update

  • Individual and Fiduciary Packages:
    • Due to conformity with the Federal Cares Act, Form MI-5674, Net Operating Loss Deduction, is now obsolete and has been removed from the program.

Montana Update 27

  • Fiduciary Package:
    • EF Messages 0035 and 0097 now prevent the following parse error when either part-year resident information is missing from MT screen 1, or the "Part Year resident" check box on MT screen 1 has not been selected: "'Preventing parse error element 'ResidencyChoice'."

1120 Update 45

  • An amount entered in the first field of line 29a on screen J now flows to line 29a on page 1 of Form 1120, and, when appropriate, to Form 1120X and to the NOL Attachment.
  • An amount entered in the second field for line 29a on screen J now flows, as expected, to the NOL Attachment.

New Jersey Update 32

  • S Corporation Package:
    • The program was updated to prevent EF reject DRKPARSE for element 'TaxBase'.

Alaska Update 6

  • Corporation and S Corporation Packages:
    • Updates to the filing instructions and client results letter better communicate the fact that an Alaska payment is due a month ahead of its filing deadline.
  • Corporation Package:
    • Line 6, "Required installment," of AK Form 6220, Alaska Underpayment of Estimated Tax by Corporations, when filed for "Large Corporations," is now calculated as expected.

Florida Update 13

  • Corporation Package:
    • EF Message 003 is now generated when an email address is entered on a FL screen without the "@" symbol, preventing the parse error element'EmailAddressTxt'.

Virginia Update 17

  • Individual Package
    • The VA Mortgage Insurance Premium Limitation Worksheet (WK_PMI) has been added and programming updates have been made to allow mortgage insurance premiums to be claimed on VA Schedule A as "Other deductions," conforming to federal legislation.

General Update 81

  • General program updates.

Federal Update 39

  • General program updates.

1041  Update 37

  • The program was updated to allow net operating losses (NOLs) to be carried back five years on Form 1045.

1040 Update 81

  • The program was updated to allow net operating losses (NOLs) to be carried back five years on Form 1045.

General Update 82

  • Mail-to addresses for Form 1040-X, Amended U.S. Individual Income Tax Return, have been updated to match the latest instructions released by the IRS for filing Form 1040-X during calendar year 2020. 

New Jersey Update 33

  • S Corporation Package:
    • An update prevents reject 200116: "CBT100S Sch A Line 40 Entire Net Income Before Dividend contains a calculation error."

California Update 28

  • Individual Package:
    • Date of payment override fields were added to CA screen 5805 for Form 5805, Worksheet II, Part II.

Missouri Update 22

  • Individual, Corporation, S Corporation, and Partnership Packages: Kansas City -
    • EF Message 58 now stops returns with a foreign address from being e-filed, preventing the following parse error elemnet 'MailingAddress'.

1120 Update 46

  • Due to a provision of the CARES Act, Forms 1139 and 8827 have been updated. Form 1139 will now allow a five-year carryback of Net Operating Losses (NOLs).
  • Form 8827 has been updated to allow entry of 100% of line 6, Refundable minimum tax credit.

Arizona Update 31

  • Individual Package
    • The address from the original return will now be printed on line 56, page 3, of Form 140X, Individual Amended Income Tax Return.
    • EF Message 0172 for Form 131, Claim of Refund on Behalf of Deceased Taxpayer, will allow the signing date to come after 2019 and no later than the current date.

1040 Update 82

  • General program updates.

1120 Update 47

  • Columns (e) and (f) of Form 1139 will now be printed as expected.

Hawaii Update 18

  • Individual Package
    • The Cost of Living Adjustment (COLA) can now be higher on line 7, Column B, of Form N-15, Individual Income Tax Return for Nonresident and Part-year Resident, than federal income.
    • A negative amount of Gross Income will now be printed on Form HI-COMP, Three-year State Tax Return Comparison, when applicable. Prior to this update, negative amounts were printed as positive.

District of Columbia Update 21

  • Individual Package:
    • When an amount from federal screen 99M is included on line 3, "Rents received," of a federal Schedule E, Supplemental Income and Loss, that amount will now be included on line 6, "Gross rental income," of Form D-30, Unincorporated Business Franchise Tax Return.
    • Generation of Schedule ELC, Early Learning Tax Credit, is now suppressed when line 17, "DC Taxable Income," of Form D-40, Individual Income Tax Return, exceeds $750,000 ($375,000 for Married Filing Separately).
    •  A Return Note now advises the preparer when the income eligibility limit for Schedule ELC has been exceeded.

Massachusetts Update 21

  • Individual Package:
    • Amended MA returns can now be e-filed without an accompanying amended federal return.

Nebraska Update 32

  • Individual Package:
    • An EF Message will now be generated when line 2, "Adjusted gross income derived from another state," of Nebraska Schedule II, Credit for Taxes Paid to Another State, includes income or loss from S corporations and LLCs reported on NE Schedule I, lines 8 and 18, adjustments increasing and decreasing federal Adjusted Gross Income (AGI). When there is no double taxation occurring, the amount cannot be included on Schedule 2, line 2.

Also In This Category


Details
Article has been viewed 1.5K times.
Last Modified: Yesterday @ 2:30 PM
Options