2022.01.13 - Drake21 Updates

California Update 2

• Individual Package:
  • The California Dependent Tax Worksheet (CAWK_2EZ) has been updated to the latest version.
    
• Individual and Fiduciary Packages:
  • The total penalty is now generated as expected on line 12, page 5, Part II, of Form 5805, Underpayment of Estimated Tax by Individuals and Fiduciaries.
    
• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • The following forms have been approved and activated for printing:
    
    • Form 540, California Resident Income Tax Return
    • Form 3805P, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts
      
    • Form 3866, Main Street Small Business Tax Credits
      
    • Schedule D-1, Sales of Business Property
      
    • Schedule P (541), Alternative Minimum Tax and Credit Limitations
    • Fiduciaries
    • Corporation and Tax-Exempt Packages:
    • Form 199, California Exempt Organization Business Income Tax Return, has been updated to the latest version.

Colorado Update 3

• Corporation, S Corporation, and Partnership Packages:
  
  • e-File has been approved for the CO Corporation, S Corporation, and Partnership packages.
    

District of Columbia Update 3

• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  
  • The tax year "2020" can now be used for the following forms:
    
    • Form D-20 NOL, Net Operating Loss for Tax Years 2018 and Later
      
    • Form D-30 NOL, Net Operating Loss for Tax Years 2018 and Later

Hawaii Update 2

• Individual Package
  • The spouse's Social Security Number will now be printed with dashes on returns with the filing status of "Married Filing Separately."
    

Minnesota Update 1

• Individual Package:
  
  • The following updates have been made based on recent form updates from the MN DOR:
    
    • Schedule M1NC, Federal Adjustments, no longer includes step 1 when completing the Earned Income Worksheet for Schedule M1CD, Child and Dependent Care Credit.
      
    • Line 5 of Schedule M1R, Age 65 or Older/Disabled Subtraction, will now combine the amounts from line 32 of Schedule M1NC, Federal Adjustments, and line 6b of Form 1040 when Schedule M1NC is included with the return.
      
    • Line 8 of Schedule M1CD, Child and Dependent Care Credit, now equals step 6 of the worksheet for line 8.
      
    • The subtraction amount for those 65 or older (or disabled) on line 7 of Form M1PRX, Amended Homestead Credit Refund (for Homeowners) and Renter's Property Tax Refund, has been updated to $4,350. This is a form update only. No calculations are affected.
      
• Individual and Partnership Packages:
  • Data is now generated on the appropriate lines for page 1 of Schedule KPI, Partner's Share of Income, Credits and Modifications. Prior to this update, some data was shifted down one line.
    

Missouri Update 4

• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  
  • The following forms have been approved and activated for printing:
    
    • MO-5090, Net Operating Loss Addition Modification Sheet
      
    • MO-1NR, Income Tax Payment Summary for Nonresident Individual Partners or S Corporation Shareholders
      
    • MO-SHC, Self-Employed Health Insurance Tax Credit
      
    • MO 1040A, Individual Short Form
      

North Dakota Update 2

• Individual Package:
  • The amount of credit for line 20, "Tax Relief Credit," on Form ND-1, Individual Income Tax Return, has been limited to $350 per year per full-year resident ($700 if MFJ) as per new ND business rule FND1-020.
    
• Corporation Package:
  
  • Lines 16, 18, and 20 on Schedule CR, Part I, of Form 40, Corporation Income Tax Return, will now equal zero ("0") when line 15, "North Dakota taxable income," is negative for filing statuses b1, "Combined Report Method Consol Return," and c1, "Water's Edge Method Consol Return."