17748: 2022.06.15 - Drake21 Updates

General State Programming Update 35

• Federal depreciation on assets with unused section 179 deduction carryovers and MACRs is now recognized on Worksheet DEPDIF, State Income Adjustment due to the differences in depreciation between the Federal and State, for the following states and cities: AL, AR, AZ, CA, CT, DC, DT, GA, HI, ID, IL, MA, MD, ME, MI, MS, MT, NC, ND, NH, NJ, OK, OR, PA, SC, TN, VA, VT, and WI.

1041 Program Update 39

• Overflow statements and references for Form 1041-A, Parts II and III will only be produced now when current year information is entered.
  

1040 Program Update 49

• The penalty calculation for returns filed more than 60 days after the due date has been updated to count 60 days beginning from April 15 (statutory deadline), rather than April 18 (actual deadline), as per guidance released by the IRS in a recent "IRS Newswire" email (IR-2022-123). Use the override field on federal screen LATE (available from the "Taxes" tab) to adjust the penalty amount, if desired.

Kansas Update 17

• Corporation Package:
  • EF Message 116 will now be generated when an invalid "Business activity code number" is entered on KS screen GEN, preventing reject "DRKPARSE" on element "NAICSCode."

1065 Program Update 38

• Special Allocation (SA) links are now available on screen VI, Schedules K-2 and K-3, Part VI - Section 951(a)(1) and 951A Inclusions.

Federal Program Update 41

• General program update.
  

1120S Program Update 37

• General program update.