17310: 2021.07.23 - Drake20 Updates

Federal Program Update 33

• General program update.

1041 Update 36

• Form 14039-B, Business Identity Theft Affidavit, has been updated to match the most recent version released by the IRS.

1040 Update 53

• Form 14039-B, Business Identity Theft Affidavit, has been updated to match the most recent version released by the IRS.

Minnesota Update 17

• Fiduciary Package 
  • A printing issue on lines 55 through 58, columns B and C, of Form M2X, Amended Income Tax Return for Estates and Trusts, has been corrected. Prior to this update, the amount of "Taxes Due" and "Total Tax" were being printed on these lines.

1065 Update 35

• Form 14039-B, Business Identity Theft Affidavit, has been updated to match the most recent version released by the IRS.

New Hampshire Update 10

• Individual Package
  • Line 11(a), "BET Credit only," of Form NH-1040, New Hampshire Business Profits Tax Return, will now be calculated automatically. Prior to this update, line 11a had to be manually entered on the "NH 1040" tab of NH screen 1.
  • Form DP-10, Interest and Dividends Tax Return, has been updated to allow an amended return to be e-filed without receiving a "Bad" ack. 

New York Update 33

• Individual Package:
  • A parse error on element"PERM_LN_2_ADR" has been corrected.
• S Corporation and Partnership Packages:
  • The telephone number entered on federal screen K1 will now be printed correctly on Form IT-2658-E, Certificate of Exemption from Partnership and NY S Corporation Estimated Tax for Nonresident Individuals.
  • The correct interest rate for the third installment penalty on line 45 of Form IT-2659, Estimated Tax Penalties for Partnership and NY S Corporations, will now be generated when the underpayment is paid after December 31, 2020 but before January 15, 2021. Prior to this update, an interest rate penalty of .02198 would be generated instead of the correct rate of .02192.

General Update 47

• General program update.

1120 Update 37

• Form 14039-B, Business Identity Theft Affidavit, has been updated to match the most recent version released by the IRS.
• Estimated payments entered on screen ES with a date that includes the last day of the tax year are now included, as expected, on line 17 of Form 1120.

1120S Update 34

• Form 14039-B, Business Identity Theft Affidavit, has been updated to match the most recent version released by the IRS.
• An ETD Message prevents rejects associated with incorrect fiscal-year dates entered on screen 1, Name, Address, General Info. (R0000-145- 9)

990 Update 34

• Form 14039-B, Business Identity Theft Affidavit, has been updated to match the most recent version released by the IRS.
• Form 990-T Amended is now available for e-file.
• Schedule D (Form 1041) Part III, line 18b, "Unrecaptured section 1250 gain," is now available for Form 990-T.
• The full PTIN will now be printed on page 2 of Form 990-T. Prior to this update, only eight characters were visible on the form. 
• The functionality for calculating totals for all short-term transactions, totals for all long-term transactions, and capital gain distributions for Schedule D (Form 1041) and Schedule D (Form 1120) is now available for Form 990-T, Exempt Organization Business Income Tax Return. Prior to this update, these totals were not calculated.