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16660: 2020.03.25 - Drake19 Updates


Drake19 Update Notes

2020.03.25 - Drake19 Updates

 

Arkansas Update 20

  • S Corporation Package:
    • An EF Message will now be generated when the amount on Form AR 1100S, Schedule B, line 3e, "Other Business Gross Receipts" is less than "0" (zero), preventing the following parse error element 'OtherGrossReceipts'

Federal Program Update 25

  • General program updates.

Colorado Update 14

  • Fiduciary Package:
    • To prevent a parse error on 'PartYrPercentage', an EF message will be generated when the percentage on line 5, page 6, Schedule F, "Fiduciary Alternative Minimum Tax Computation Schedule," of Form DR 0105, Colorado Fiduciary Income Tax Return, exceeds 999.9999%. These returns must be paper-filed.
  • Corporation Package:
    • A parse error on 'FormCO205' has been resolved.

Connecticut Update 11

  • Individual Package:
    • The program now uses 14% of line 9, "Taxable amount of pension and annuities," of Schedule CT-SI, Nonresident and Part-Year Resident, Schedule of Income from CT Sources, as a subtraction modification.
  • Partnership Package:
    • An update prevents reject DRKPRSE by ensuring element 'TypeOfPassThruEntity' is accurately set.
  • Partnership and S Corporation Packages:
    • EF Message 0114 prevent incorrect tax year filings and a CT reject.
    • An update prevents reject DRKPRSE for element 'Member' being left blank for partnerships of 80 or more.
    • EF Message 0115 prevents reject DRKPRSE for returns without a five-digit PIN.
    • Updates prevents CT extension transaction from being based on the tax liability instead of the balance due.

706 Update 4

  • General program updates.

1041 Update 28

  • Until the IRS makes its changes to the federal payment deadline that allow 2019 tax returns to be e-filed with a payment date after April 15, 2020, the program will continue to use the default payment due date of April 15, 2020. The "Requested payment date" on screen PMT can be used to override the default date. Any date up to and including July 15, 2020, can be entered. Returns with payment dates later than April 15, 2020, will continue to be rejected until IRS implements its changes.

1040 Update 42

  • Until the IRS makes its changes to the federal payment deadline that allow 2019 tax returns to be e-filed with a payment date after April 15, 2020, the program will continue to use the default payment due date of April 15, 2020. The "Requested payment date" on screen PMT can be used to override the default date. Any date up to and including July 15, 2020, can be entered. Returns with payment dates later than April 15, 2020, will continue to be rejected until IRS implements its changes.
  • An update prevents rejects F8968-301, F8962-037-01, and F8962-303.

1065 Update 27

  • General program updates.

New Jersey Update 16

  • Individual Package:
    • NJ 1040 Comparison worksheet now displays 2019 deductions.
    • Tax-exempt interest income entered on federal screen OID will now flow to line 16b, "Tax-exempt interest income," on page 3 of Form NJ-1040.
    • Amounts entered in the "Dividends included in box 1a that are NOT taxable to the state" field of federal screen DIV now flow to line 16b, "Tax-exempt interest income" of Form NJ-1040.
  • Corporation and S Corporation Package:
    • Amended Forms CBT-100 and 100S can now be e-filed.
  • Corporation Package:
    • An update helps prevent EF reject DRKPARSE for element "'ProfessionalsInfo' has incomplete content.’"
    • An update helps keep EF Message 1119 from being generated when Form CBT-100 includes Schedule C, line 5, "Expenses Record on Books."
    • An update helps prevent EF reject DRKPARSE for element "‘OtherDeductionsA’ has invalid child element ‘OtherExpenses.’"
  • S Corporation Package:
    • An update helps prevent EF reject for “CBT100S Line 15 Total Bal Due contains a calculation error and/or invalid data.”
    • Preparers can now press "PAGE DOWN" on NJ screen P, Subsidiary Investment Analysis, for additional entries.
    • Preparers can now press "PAGE DOWN" on NJ screen Q to enter the information for any QSSS owned. With any entries on these screens, question 5 on page 2 of Form CBT-100S will marked "Yes."
    • A Schedule Q attachment can now be attached as a PDF file.

New Mexico Update 18

  • Individual Package:
    • A rounding issue in Column G, "Available day care credit not to exceed $480/child" of the Child Day Care Credit Worksheet (NMCDC_WK) has been corrected, preventing EF reject 690, "Worksheet Childcare. The sum of Column G must equal total day care credit available."

Ohio Update 19

  • Individual Package:
    • An issue that generated EF Message 0031 when no Form SD-100 return+ was present has been resolved.
    • OH EF Message 0032 now prevents OH reject OH-PIT-034 when local wages or local income tax are included but no state or locality name is provided.
    • An update prevents RITA reject F37-SECTB-04B and F37-SECA-131. 
    • RITA 37, Section A, "Wage amount" will now use the selection from the "Form 37" drop list of the "Ohio RITA" tab on federal screen W2. Prior to this update, even if a selection was made from the drop list, the larger of the amounts from box 1, 5, or 18 was still being used as the wage amount for that Form W-2. 
  • Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • The total of post-2017 NOL from all locality screens will be used on RITA 27, line 3B(i), when the "Use NOL incurred prior to 1/1/17 first" check box is selected. 
  • Multiple Packages:
    • Ohio city credit limits and credit rates have been updated for Mantua and West Liberty.

General Update 42

  • The program no longer generates a message unnecessarily when the preparer attempts to create a label through Tools > Letters > Mailing Labels > "Labels for Folders." 
  • The client results letter and filing instructions have been updated to display the new filing due date and payment due date of July 15, 2020, for returns and balance due amounts that were previously due on April 15. A new payment deadline for estimated tax payments and new state filing and payment deadlines will be released in future updates. 
  • Interest expense imported into a partnership return from QuickBooks (Tools > File Maintenance > Import Data) will now be reported on screen DED, line 15, "Interest expense."

1120 Update 25

  • General program updates.

1120S Update 25

  • General program updates. 

990 Update 19

  • General program updates.

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