17203: 2021.04.22 - Drake20 Updates

Alaska Update 5

• Corporation, S Corporation and Partnership Packages
  • The calculation screen will now correctly show the EF status of both the Federal return and the Alaska return.

Kentucky Update 19

• Individual Package:
  • EF Message page 1336 was added to prevent reject F740-0010 when Schedule A is forced to print using the PRNT screen.
  • Amended returns will no longer be rejected as duplicates when a e-filed.
  • The parse error on element "BusinessNameLine1Txt" will now be prevented when an invalid character is included on Form 725, Single Member LLC Individually Owned Income And LLET Return.
  • The late payment penalty calculation and late filing penalty calculation on Forms KY 740, Individual Income Tax Return, and KY 740-NP, Individual Income Tax Return Nonresident or Part-Year Resident, has been updated to use the May filing deadline.
• Corporation Package:
  • A parse error on element "StateAbbreviationCd" will now be prevented.
  • KY Schedule NOL Line 8 has been updated to read "Multiply Line 5 by 80%" rather than "Multiply Line 7 by 80%."
• S Corporation Package:
  • A parse error on element "KYCorpLLETAcctNumber" has been resolved.
  • A parse error on element "MethodAndConvention" will now be prevented when the value "ALT" is selected from the "Method" drop list on federal screen 4562.

Louisiana Update 16

• Partnership Package:
  • Results of an amended Form R-6922, Louisiana Composite Partnership Return, will now be included in the client result letter.
• Fiduciary Package:
  • Form R-6466, Application for Extension of Time to File Fiduciary Return, has been updated to the latest version and enabled for printing 
  • LA fiduciary returns will now be reflected as being mailed-in in the filing instructions and client result letter, as the LA DoR does not support electronic filing for fiduciary returns for tax year 2020.

Massachusetts Update 18

• Individual Package:
  • "MA EXT" no longer needs to be selected from the "State e-File Override" drop list on the federal EF screen when filing Form M-4868, Massachusetts Income Tax Extension Payment Worksheet and Voucher. MA extensions will now be selected for EF automatically. 
  • An update allows multiple MA W2 screens to be created. 
• Partnership Package:
  • An update prevents reject "SCH-CMS-275": "Schedule CMS, section 4 should not have any values for the Form 3."
• Corporation and S Corporation Packages:
  • Conditions for generating EF Message 0089 have been updated to include invalid amounts for line 10, "Total tangible assets outside of Massachusetts," on Schedule A, Balance Sheet, preventing reject "F355-365." 

Michigan Cities Update 19

• Individual Package
  • CF-1040 returns for Grayling City will now reflect the extended due date as expected.
  • Extensions with updated, corresponding due dates will now be generated automatically for the following cities when a federal extension exists:
  • Benton Harbor, Hudson, Jackson, Muskegon, Saginaw, and Portland Federal screen STEX must be used in order to generate extensions for the remaining cities.
  • The filing instructions and client result letters for amended Forms CF-1040, Generic City Individual Income Tax Return, will now reflect the expected refund or balance due. Prior to this update, filing instructions and letters for amended CF-1040 returns displayed a refund amount when there was a balance due. 

Missouri Update 28

• Individual Package:
  • Kansas City
    • The client results letter will now display direct payment information for Kansas City extension forms.
    • A DRKPARSE error for duplicate attribute, produced when Form RD-111, Extension-Profits Return Earnings Tax, is e-filed, has been resolved. 
• Individual Package:
  • When Form MO-TC, Miscellaneous Income Tax Credits, generates an overflow schedule -- MO-TC Attachment -- the complete benefit number will now appear in the EF record for each credit, preventing MO reject MO1040-0019, "The Form MO-TC contains a duplicate benefit ID." 
  • Form MO-, Individual Income Adjustments, will be generated when a negative value has been enter in an override field on MO screen A. This will aid in reviewing returns and help prevent EF reject MO1040-0017, "The Total Additions claimed on Form MO-A do not match the Additions claimed on Form MO-1040."
• Fiduciary Package:
  • EF Message 0041 prevents e-file for Form MO-1041 when "APPLIED FOR, " is entered as one of the beneficiaries' TIN, preventing a DRKPARSE for "'Beneficiary SSN' element is invalid." 

North Carolina Update 14

• Fiduciary Package
  • EF Messages have been added to prevent a parse error on element "FormNCD410P" for Form D-410P, Application for Extension for Filing Partnership, Estate, or Trust Tax Return, when an entity type has not been selected.

New Mexico Update 8

• Corporation Package:
  • Line 12, "New Mexico apportionment percentage," of Form CIT-1, New Mexico Corporate Income and Franchise Tax Return, will now equal "0" (zero) when line 5, "New Mexico percentage," of Form CIT-A, New Mexico Apportioned Income for Multistate Corporations, equals "0."
• S Corporation Package:
  • Amounts on line 9, "Average percentage," on page 2 of Form S-Corp, New Mexico Sub-Chapter S Corporate Income and Franchise Tax Return, will now round as expected.

990 Update 24

• Printing alignment has been adjusted for the address line on page 1 of Form 990. Prior to this update, the address was printed too close to the page border. 
• A program update prevents F990T-021 reject.
• A program update prevents parse errors associated with invalid data entered for the "Books in care of" section of the OFF screen. (BooksInCareOfDetail)
• A program update prevents 990T R0000-004-01 reject. 
• A program update prevents parse errors associated with missing or invalid data entered in the "Type of organization" section of screen 1. (IRS990T)

Wisconsin Update 18

• Individual Package:
  • The intended line 10 amount, "Amount you computed to be non-taxable qualified gain," of Schedule QI, Sale of Investment in a Qualified Wisconsin Business, will now flow to line 15a, "Adjustment from Wisconsin Schedule QI," of Schedule WD, Capital Gains and Losses. 
  • An EF Message will now be generated when more than one property tax bill is present in the return but a value is missing for "Acres of land," "Value of land," or "Net taxes" on WI screen BILL, preventing reject "F1-984." 
  • An update resolves reject "DRKPARSE" for element "ShortTermLossCarryover" where the value entered is zero ("0"). 
  • Entries on Part II of WI screen REL will now flow as intended to line 32, "Expenses paid to related entities," of Schedule SB, Form 1 - Subtractions from Income. 
• Fiduciary Package:
  • An EF Message will now be generated when the preparer attempts to file an amended WI return without a Schedule AR, Explanation of Amended Return, attached to the return, preventing reject "F2-060."
  • An EF Message will now be generated when the annualized method is used to compute the underpayment penalty and no Form PW-U, Underpayment of Estimated Withholding Tax by Pass-Through Entities, is present in the return, preventing reject "FPW1-011."