17402: 2021.10.14 - Drake20 Updates

Alabama Update 20

• Fiduciary:
  • Composite payments being distributed to beneficiaries and reported on page 4 of Schedule K, on Form 41, Fiduciary Income Tax Return, will be printed on line 15 of Schedule K-1, Beneficiary Information, as intended.

Arizona Update 43

• Corporation Package:
  • Lines 5 and 21 of Form 120X, AZ Corporation Amended Income Tax return, will now get the correct information from the amended corporation return.
  • Form 120, Schedule E, "Apportionment Formula," will now allow an override in the field for "Total sales and gross receipts" on AZ screen E for returns with multiple states. The override, if applicable, will now flow to the return for multiple states.
• Fiduciary Package:
  • The "Beneficiary" and "Power of Attorney" check boxes for the contact daytime phone number will no longer both be marked on Form 140, AZ Schedule K-1(NR), when a phone number is entered on federal screen K1 and AZ screen 285, preventing a parse error on element "Individual."
• S Corporation Package:
  • Form 120S, page 2, Schedule A, "Apportionment Formula," has been updated to display all lines of the schedule as blank when the return is not a multi-state. This prevents a parse error on element "PropFac."
  • Form 120S, page 2, Schedule A, "Apportionment Formula," has been updated to display "0" (zeros) for the Sales Factors, if applicable, when screen APPT, Multistate Apportionment, is used and there are no sales. The fields on the "Sales" tab of screen APPT must not be blank when the Apportionment Formula is used, even if the amounts are zero. This prevents parse error on element "SalesFact."
• Partnership Package:
  • The e-file program was updated for Schedule MSP, Multistate Service Provider Election and Computation, so the year information will flow when the year of the election cycle is "Year 5." This prevents the parse error on element "AZSchdMSP."

California Update 28

• Individual Package:
  • An update prevents reject "DRKPARSE" for element "ApplicableHouseholdMembers" when an SSN of "APPLIED" is entered on CA screen 3853.
  • A representative other than "Beneficiary" can now be selected from the "Deceased taxpayer/spouse type of personal representative" drop list on CA screen 540 when, on a Married Filing Jointly return, both the taxpayer and spouse are marked as deceased.
  • An IRA deduction adjustment is no longer calculated automatically on line 22, column B, of Schedule CA, California Adjustments, for taxpayers born in July 1950 with an IRA contribution on their federal return.
• Corporation and S Corporation Packages:
  • An update prevents reject "F100-242" when net income is greater than or equal to $1,000,000 and NOL carryforwards are present in the return.
  • An update prevents reject "DRKPARSE" on element "TaxAfterCredits" when a negative amount is present on line 13, "Tax after credits," of CA screen X.
• Corporation, S Corporation, Partnership, and Tax-Exempt Packages:
  • An update prevents reject "DRKPARSE" for element "InCareOfName" when select special characters are present on federal screen 1.
• S Corporation Package:
  • EF Messages have been updated to prevent reject "F100S-100" when an invalid "Business activity code number" is entered on federal screen 1.
  • EF Messages have been updated to prevent reject "DRKPARSE" on element "USAddress" when the entity's name on federal screen 1 begins with four or more special characters.
• Partnership Package:
  • EF Messages have been updated to prevent reject "F568-102" when "No" is marked for line U(1) on page 2 of CA Form 568, Limited Liability Company Return of Income, and an amount is present on line 2a, page 7 (Schedule IW).
  • Updated EF Messages prevent reject "F568-040" when an LLC tax year begin date and end date are more than 375 days apart.
  • Updates to EF Messages prevent reject "DRKPARSE" on element "CACorporationNumber" when alphabetic characters are present in the "CA Corporation number" field on CA screen SM.
• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • An update prevents reject "DRKPARSE" for element "Name" when disallowed characters are present within the "Name of Credit Owner" field on CA screen 3866.
  • An update prevents reject "SCHD1-060" when data is present on line 15, "Ordinary gain from installment sales," of CA screen D1 and CA Form 3805E, Installment Sale Income, is not included with the return.
  • Updates to EF Messages prevent reject "DRKPARSE" on element "ReservationNumberType" when the "Tentative Credit Reservation Confirmation Number" on CA screen 3866 contains invalid characters or is less than seven digits in length.