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16890: 2020.09.12 - Drake19 Updates


Drake19 Update Notes

2020.09.12 - Drake19 Updates

 

1040 Update 68

  • The interest rate for the penalty calculation on 4th quarter late payments has been updated in accordance with IRS Rev. Rul. 2020-18.
  • Estimated tax payments will no longer be transmitted with federal Form 1040-X, Amended U.S. Individual Income Tax Return, unless specifically indicated by the preparer by marking the newly added "Include ES Payments with 1040-X" check box at the bottom of federal screen PMT. Prior to this update, estimated payments entered on federal screen PMT were always transmitted with an amended return, potentially causing estimated payments to be withdrawn from a taxpayer’s account twice.

Michigan Cities Update 40

  • Individual Package
    • Federal EF Messages 2061 and 4652 no longer prevent Form CF-1040, Michigan Cities Individual Income Tax Return, from being e-filed when federal Form 1040-X, Amended U.S. Individual Income Tax Return, is attached to the return.

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