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16765: 2020.05.27 - Drake19 Updates


Drake19 Update Notes

2020.05.27 - Drake19 Updates

 

Alaska Update 8

  • Partnership Package:
    • In the tax-year line in the header for Form 6900, Alaska Partnership Information Return, the "ending" year will now be blank for calendar-year returns, as expected.

Michigan Update 32

  • Individual, Corporation, and S Corporation Packages:
    • Filing and payment due dates for second-quarter estimated vouchers due April 1, 2020 through July 30, 2020 have been extended to July 31, 2020 for all cities excluding Albion, Detroit, Hamtramck, Highland Park, Jackson, and Saginaw. 
  • Individual Package:
    • The amount of IRA deduction on Form CF-1040 will now be calculated as expected when the spouse has only business income from Schedule C and no wage income. 

North Carolina Update 10

  • Individual Package:
    • The estimated second-quarter payment due date for estimate taxes is now July 15, 2020.
  • Corporation, S Corporation, and Partnership Packages:
    • Instructions for e-filing an amended return have been updated in "NC Notes" in View/Print mode.
  • Individual, Corporation, S Corporation, and Partnership Packages:
    • Interest for payments made after the original due date is now calculated starting July 16, 2020. Return Note 8 clarifies that NC does not conform to federal cancellation of principle residential debt and that the amount from federal Form 982 is added back on NC D-400, Schedule S.  

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