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17198: 2021.04.17 - Drake20 Updates


Drake20 Update Notes

2021.04.17 Drake20 Updates

Federal Update 23

  • General program update.

709 Update 1

  • When the "Section 2632(b) election out" check box is marked in Part 2 of screen A for the 709 Gift Tax, the overflow attachment page for Part I, "Gifts Subject To Gift Tax," will now be generated.

1040 Update 40

  • An update prevents a parse error on Schedule OI (Form 1040 NR), Other Information. (TaxTreatyArticleCd) "24.00" has been added to the line 3b "Tax rate" drop list on federal screen 1042.
  • EF Message 6252 no longer prevents e file when Form 8962 includes a Shared Policy Allocation and the taxpayer's income is over 400% of the federal poverty level.
  • EF Messages reporting incorrect data entry on screen OID have been updated to direct preparers to the OID screen and not the INT screen.
  • An incomplete SEHI screen no longer prevents the program from computing a Self Employed Health Insurance deduction from an entry on screen C.
  • The FAFSA worksheets for students and parents are now available, and the watermarks have been removed.
  • Certain 1040 worksheets have been updated to the latest version released by the IRS.
  • The check box "Show what federal and state returns would be with the 8962 calculation based on the rules before ARPA" has been added to the bottom of federal screen 8962, allowing preparers to view the return as if the repayment of excess Premium Tax Credit was required.

Iowa Update 23

  • Individual Package:
    • EF Message 0091 will be generated when there is a "Taxpayer foreign phone number" on screen MISC, preventing IA reject X0000 006.

Illinois Update 20

  • All Packages:
    • Enterprise Zone Investment Credit Code 5080 will no longer be produced on Schedule 1299A/C /D "Income Tax Credits" when the credit amount is rounded to less that $1, preventing IL reject IL1299C 22040 4.
    • The updated hyperlinks in the Screen Helps of the IL K1 screens now connect to the state's K 1 instructions, as expected.
  • Individual, S Corporation, Partnership, and Fiduciary Packages:
    • EF Messages 0104, 0134, and 0135 are now generated when the name/TIN on the federal Schedule K 1 does not match the name/TIN on the IL Schedule K 1.
    • EF Message 0248 will be generated when an extension contains no firm's EIN and the return is not self prepared, preventing IL reject ILHeader Corp 3700 2.
  • Partnership and Fiduciary Packages:
    • The printing alignment of the firm's information on page 3 of Forms IL 1065 and IL 1041 has been improved.
  • Fiduciary Package:
    • An update to Step 6, line 3, of IL Schedule NR, Nonresident Computation of Fiduciary Income, prevents IL reject ILSCHNR 13000 4. IL "Taxable income" will now be printed on the 1041 Tax Return Comparison worksheet, as expected.
    • EF Message 344 is now generated when an amount entered in the line 17 override field of IL screen CR, in the "Non IL Portion" column, does not match the calculation for line 17c of Schedule CR, preventing IL reject ILSCHCR 4900 1.
  • Individual Package:
    • EF Message 0133 is now generated when there is an ABLE Account contribution amount made on IL screen M2 ("ABLE account entries" link) but the ABLE account number is invalid, preventing IL reject ILM 2650 1.

Maryland Update 22

  • Individual Package:
    • An EF Message has been added to prevent the following MD rejects:
      • Form502 01730 012: "Line 42 Refundable Earned Income Credit For Taxpayers with Qualifying child must be equal to state EIC from Line 22 multiplied by .90 minus Maryland tax from Line 21 of Form 502; if less than zero, enter 0"
      • Form502 01730 020: "Line 42 Refundable Earned Income Credit For Taxpayers without Qualifying kids must be equal to state EIC from Line 22 minus Maryland tax from Line 21 of Form 502; if less than zero, enter 0"

Mississippi Update 14

  • Individual Package:
    • Lines 14, 16, and 17 will no longer be calculated for Form 80 320, Mississippi Individual Income Tax Interest and Penalty Worksheet, when the return is filed on or before May 17, 2021.
    • EF Message 0060 has been added to the program and will now be generated when the amount on line 42, "Interest income," of Form 80 105, Mississippi Resident Individual Income Tax Return, or line 43, "Interest income," of Form 80 205, Mississippi Non Resident/Part Year Resident Individual Income Tax Return, does not match the amount on line 3, "Total Mississippi interest," on Part II of Form 80 108, Mississippi Adjustments and Contributions.

1065 Update 26

  • General program update.

Oklahoma Update 9

  • Individual Package:
    • The OK tax comparison worksheet is now calculating itemized or standard deduction when the deduction is prorated on Schedule 511 E (on page 4 of Form 511). Line 32 of Form 511 will now be blank if the return is not an amended return, preventing reject 511 029. An update resolves OK parse error, "The element 'Sch511NR B' has incomplete content."
    • The OK amended return now generates a red X on the Calculation Result window if there are any EF Messages.
  • S Corporation, Partnership, and Fiduciary Packages:
    • An update corrects the OK extended due dates.

Pennsylvania Update 21

  • Individual Package:
    • Line 6 of the Taxpayer Annual Local Earned Income Tax Return (PALOCAL) no longer includes Guaranteed Payments to Partners.
    • Spelling errors in Return Note 210 have been corrected
  • Corporation, S Corporation Packages:
    • RCT payment vouchers will no longer be printed for tax payments of more than $1,000.
    • Effective immediately, the Department of Revenue is requiring all vendors to provide electronic payment information and cease offering payment vouchers as a payment method. The department’s EFT Regulation states that corporation tax payments of $1,000 or more must be remitted electronically, and that failure to do so can result in the imposition of penalties. All RCT payments of more than $1,000 must be made electronically.

1120 Update 26

  • General program update.

1120S Update 25

  • General program update.

General State Programming Update 27

  • Corporation and S Corporation Packages:
    • An update prevents an invalid name error in the element 'InCareOfNm.'
  • Individual Package:
    • Line 2 of the Student Loan Interest Deduction Worksheet (STWK_SL) will now display the correct amount flowing from line 9 of 1040, excluding the "UCE" Unemployment Compensation Exemption amount.
    • An update prevents a reject associated with "NoUBADisbursementCdSubmit."

990 Update 23

  • e File information will, by default, be produced in the Form 990 T filing instructions, conforming to the 990 Series e file mandate.
  • e File information will, by default, be produced in the Form 990 T client result letter, conforming to the 990 Series e file mandate.
  • Form 990 T, Exempt Organization Business Income Tax Return, is now available for e file. To e file the return, recalculate and review the return before selecting it for e file (EF > Select Returns for EF).

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