17057: 2021.01.15 - Drake20 Updates

Alabama Update 2

• The following forms have been approved for printing by the AL DoR:
  • 40, Individual Income Tax Return for Residents and Part-Year Residents
  • OC, Other Available Credits
  • KRCCI, Share of Capital Credits for Individuals
  • NOL85, Computation of Net Operating Loss
  • NOL85A, Net Operating Loss Carryback or Carryforward
  • AATC, Accountability Tax Credit
  • AAC, Alabama Adoption Credit
  • Schedule W-2, Schedule of Wages, Salaries, Tips etc.
  • Schedule DS, Dependents Schedule
  • FDTV, Fiduciary Income Tax Payment Voucher
  • Form 41, Fiduciary Income Tax Return
  • Schedule D, Profit or Loss from Sale of Assets for Form 41
  • Schedule E, Supplemental Income and Loss from Rental Real Estate,
  • Royalties, Partnerships, S Corporations, Estate, and Trusts, for Form 41
  • ESBT, Worksheet for Electing Small Business Trust
  • 41K-1, Fiduciary Income Tax Beneficiary Information
  • Schedule G, Fiduciary Grantor Statement of Income, Deductions, and Credits
  • NOLF85A, Application of Net Operating Loss Carryback or Carryforward for Form 41
  • NOLF85, Computation of Net Operating Loss Form 41
  • KRCC, Project/Distributing Entity Share of Capital Credit
  • KRCCB, Share of Capital Credit for Businesses and Trusts
  • 4952A, Investment Interest Expense Deduction
  • BPTIN, Business Privilege Tax Initial Privilege Tax Return
  • CPT, Business Privilege Tax Return and Annual Report
  • Schedule G, Business Privilege Tax Financial Institution Group Tax Computation
  • AL-CAR, Corporation Annual Report
  • BPTNW, Balance Sheet Net Worth Computation

California Update 5

• Individual Package:
  • CA EF Message 1268 is now generated as intended.
  • Reject "F3853-040" is no longer produced when "K," "L," or "M" has been selected from the "Exemption type" drop list on CA screen 3853 and there is no entry for the "Marketplace Exemption Certificate Numbers" field.
  • The filing status list on CA screen COMP has been updated to match the filing statuses available on Form 540, Resident Income Tax Return.
  • An update prevents a parse error for element "LastName" when a last name contains a hyphen (-) on Form 3853, Health Coverage Exemptions and Individual Shared Responsibility Penalty.
  • An update prevents a parse error for element "SSN" when a household member listed on Form 3853, Health Coverage Exemptions and Individual Shared Responsibility Penalty, has a non-numeric entry for SSN (such as "Died")
  • Help fields for CA screen 4197 have been updated based on the latest published information from the state.
  • Part II of Form 4197, Information on Tax Expenditure Items, has been updated to prevent blank rows from being included on the form. Lines 12-22 are no longer generated on Form 3849, Premium Assistance Subsidy, when an override has been entered on line 11, "Annual totals," of CA screen 3849.
• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • The following forms have been approved and activated for printing:
    • Form 100, California Corporation Franchise or Income Tax Return
    • Form 3807, Local Agency Military Base Recovery Area Deduction and Credit Summary
    • Schedule CA (540), California Adjustments - Residents
    • Schedule CA (540NR), California Adjustments - Nonresidents or Part-Year Residents
    • Schedule P (541), Alternative Minimum Tax and Credit Limitations - Fiduciaries
      

Connecticut Update 1

• Fiduciary Package:
  • The CT Fiduciary package has been approved for e-file.
    

1040 Update 10

• Returns with Earned Income Credit based on prior-year earned income, but that have no current-year earned income, can now be e-filed.

Idaho Update 1

• Individual Package:
  • Form 40, Individual Income Tax Return, is now available for printing.
    

Massachusetts Update 1

• Individual Package:
  • Nonresidents can now use the 2019 apportionment ratio for determining MA-sourced income on Form 1, NR/PY, per MA DoR.
    
• All Packages:
  • The following forms have been approved:
    • Form 3, Partnership Return of Income
    • Schedule 3K-1, Partner's Massachusetts Information
    • Form PWH-WA, Performer or Performing Entity Withholding Allocation
    • Form PTE-EX, Withholding Exemption Certificate for Members of a Pass-Through Entity
    • M-2220, Underpayment of Massachusetts Estimated Tax by Corporations

Maine Update 5

• Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • The following forms have been approved:
    • Form 941P-ME, Pass-Through Entity Return of Maine Income Tax Withheld from Members
    • Form 1120ME, Corporate Income Tax Return
    • Schedule 2P (Form 941P-ME), Pass-through Entity Withholding Listing
    • Schedule 3P (Form 941P-ME), List of Exempt Members
      

Missouri Update 2

• Individual Return:
  • Form RD-109, Wage Earner Return Earnings Tax, can now be selected from the EF Return Selector for e-file.

Missouri Update 3

• Corporate and S Corporation Packages:
  • Due to pending changes by the Missouri Department of Revenue the following forms have been watermarked:
    • MO-1120 Corporate Income Tax Return
    • MO-1120S S-Corporation Income Tax Return
      

Mississippi Update 2

• Individual Package:
  • The filing status selection on MS screen COMP has been updated to match the main form.
    

Montana Update 3

• Fiduciary Package:
  • The text EF messages 0009 and 0111 has been updated.
  • The MT Fiduciary package has been approved for e-file.
  • An update improves e-file efficiency of fiduciary returns.

1065 Update 3

• If the new global setup option (Setup > Options > Calculation & View/Print tab) to turn off autobalance is selected, and the 1120, 1120-S, 1065, or 990 return does not include a PRNT screen, the autobalance feature will be deactivated, as expected. Prior to this update, the autobalance feature was not being deactivated.

New York Update 2

• Corporation Package:
  • The following forms have been updated to meet NY Department of Finance 2020 specifications:
    • Form NYC-2, Business Corporation Tax Return
    • Form NYC-2S, Business Corporation Tax Return
  • Line 7b, "Net NOLs available," of Form CT-3.4, Net Operating Loss Deduction (NOLD), is now generated as intended.
• S Corporation Package:
  • The following forms have been updated to meet NY Department of Finance 2020 specifications:
    • NYC-3L, General Corporation Tax Return
    • NYC-4SEZ, General Corporation Tax Return
  • Rounding properties have increased from four to six decimal places for increased precision. This update applies to the following forms and aforementioned lines:
    • NYC-9.7, UBT Paid Credit, Schedule A, line 3
    • NYC-9.7, UBT Paid Credit, Schedule B, line 9
    • NYC-9.7B, Attachment to NYC 9.7, Schedule B, line 9
• Corporation and S Corporation Package:
  • EF Message 0088 has been updated for clarity purposes.
  • Return Note 34 has been removed from the program, as the General Corporation Tax Credit is no longer available.
  • General program updates in relation to e-file approval.
  • The following parse error has been resolved for Form CT-60, Affiliated Entity Information Schedule:
    • "Error(775,20):The 'claimed' attribute is invalid - The value '11%$&^1 STREET' is invalid according to its datatype 'http://www.irs.gov/efile:addrType' - The Pattern constraint failed."
• Multiple Packages:
  • The following forms have been approved for e-file and are now available for printing:
    • NYC-2.1, Investment and Other Exempt Income and Investment Capital
    • NYC-2.5, Computation of Receipts Factor
    • NYC-399Z, Depreciation Adjustment for Certain Post 9/10/01 Property
    • NYC-3L, General Corporation Tax Return
    • NYC-4S, General Corporation Tax Return
    • NYC-4SEZ, General Corporation Tax Return
    • POA-1, Power of Attorney
    • NY579FD, Declaration for e-Filing of Fiduciary Returns
    • NYTR579, NY e-File Electronic Funds Withdrawal
    • NYTR479E, Extension NY e-File Electronic Funds Withdrawal
    • NYTR579P, e-File Signature Authorization for IT-204 and IT-204-LL
    • NYF579E, Extension NY e-File Electronic Funds Withdrawal for IT-370PF

Ohio Update 3

• Individual Package:
  • An update prevent reject DRKPARSE for element "ConfirmationNumber".
• Corporation, S Corporation, Partnership and Fiduciary Packages:
  • The RITA 27 payment voucher approved for printing by RITA.
    

Oregon Update 1

• Individual Package:
  • Barcodes and Forms OR-40, OR-40P, and OR-40N have been approved. 
  • The watermarks have been removed. Barcodes have been activated and code changes made.
  • Both stimulus payments will now be included in line 8 of the Federal Tax Liability worksheet for Oregon (ORTAX_WK).
• All Packages:
  • Forms recently approved by OR DoR for filing can now be printed.

General Update 9

• The client organizer and proforma will no longer be produced when, from the MISC screen, “Do NOT update client to next year” has been selected in Drake Tax 2019. Prior to this update, the client organizer and proforma would be produced.
• Pages 2-4 of Form 1040-SR will now be grouped with page 1 of Form 1040-SR in View/Print mode. Prior to this update, if the form order had been updated from the prior year, pages 2-4 were printed at the end of the listed forms.

General Update 4

• A program update prevents parse errors associated with an invalid Country Code selected in Setup > Firm(s). [CountryCd]
• If the new global setup option (Setup > Options > Calculation & View/Print tab) to turn off autobalance is selected, and the 1120, 1120-S, 1065, or 990 return does not include a PRNT screen, the autobalance feature will be deactivated, as expected. Prior to this update, the autobalance feature was not being deactivated.
• An update prevents parse errors associated with the Reference Id number entered on screen 5472, line 1b. [ForeignEntityReferenceIdNum]

1120S Update 3

• Line 19, "Distributions reported on Schedule K, line 16d not allowed on Schedule M-2, line 7," of worksheet Wks M-2 now takes into account line 7, column (d), "OAA amount." Worksheet Wks M-2 is designed for recordkeeping and is not transmitted to the IRS.
• A program update prevents parse errors associated with an invalid Country Code selected in Setup > Firm(s). [CountryCd]
• If the new global setup option (Setup > Options > Calculation & View/Print tab) to turn off autobalance is selected, and the 1120, 1120-S, 1065, or 990 return does not include a PRNT screen, the autobalance feature will be deactivated,| as expected. Prior to this update, the autobalance feature was not being deactivated.

General State Update 5

• Individual and Partnership Packages:
  • The mailing address for Form IT-204-LL, Partnership, Limited Liability Company, and Limited Liability Partnership Filing Fee Payment Form, has been updated for tax year 2020.
    

990 Update 4

• If the new global setup option (Setup > Options > Calculation & View/Print tab) to turn off autobalance is selected, and the 1120, 1120-S, 1065, or 990 return does not include a PRNT screen, the autobalance feature will be deactivated, as expected. Prior to this update, the autobalance feature was not being deactivated.
• A program update prevents parse errors associated with an invalid Country Code selected in Setup > Firm(s). [CountryCd]
  

Wisconsin Update 2

• Individual Package:
  • Suffixes for the taxpayer and spouse are now generated as intended on Form 1, Wisconsin Income Tax.
  • The following forms have been approved for printing:
    • Form 1 - EPV - Individual Payment Voucher
• Individual and Fiduciary Packages:
  • The following form have been approved for printing:
    • Form 1 - ES -Estimated Income Tax for Individual, Estates, and Trusts
• Partnership Package:
  • Form N, Nonapportionable and Separately Apportioned Income, will now be generated when the "If using separate accounting..." line is marked on page 2 of Form 3, Wisconsin Partnership Return.
• Fiduciary Package:
  • Reject "F2-006" is no longer generated when the taxable year-end date is after 11/30/2021