17033: 2021.01.11 - Drake20 Updates

Maine Update 2

• Individual, Corporation, S-Corporation, Partnership, Fiduciary Packages:
  • The following forms have been approved :
    • Form 941P Maine Payment Voucher
    • Maine Pass-Through Entity Return
    • Maine 941P, Schedule 2
    • Maine 941P, Schedule 3
    • Maine Pass-Through Withholding Extension Payment Voucher
    • Maine Schedule 1040C
    • Maine Earned Income Tax Credit Worksheet
    • Educational Opportunity Tax Credit Worksheet
    • Educational Opportunity Tax Credit Loan Payment Schedule
    • Maine Individual Income Tax has been approved for printing
• Corporation Package:
  • This is an update to Form 2220ME, page 2, Annualized Income Installment Worksheet, line 13. This update takes the tax liability from page 1,
  • Form 2220ME, line 4 and applies 25% of the liability in each of the columns A, B, C, and D on page 2, line 13.
    

Montana Update 1

• The following forms have been approved:
  • Biodiesel Blending and Storage Credit
  • Child and Dependent Care Expense Deduction
  • College Contribution Credit
    
  • Emergency Lodging Credit
  • Farm and Ranch Risk Management Account
  • Geothermal Energy System Credit
  • Alternative Energy Production Credit
    
  • Credit for Investment in Energy Conservation Installations
  • First -Time Home Buyer Savings Account
  • Class A NOL tracking Table
  • Class A NOL Carryover
  • Class B NOL Carryover
  • Montana Net Operating Loss Schedules for Individuals, Estates, and Trusts
  • Farm Loss Schedule
  • Itemized Deductions Limitation
  • Elderly Care Credit
  • Heath Insurance for Uninsured Montanans Credit
  • Infrastructure User Fee Credit
  • Power of Attorney Authorization to Disclose Information
  • Qualified Endowment Credit
  • Recycle Credit /Deduction
  • Veteran's Program Contribution and Deduction