17085: 2021.01.30 - Drake20 Updates

District of Columbia Update 5

• Individual Package:
  • EF Message 0166 is now generated when an active federal screen PMT is updated from the prior year without being completed.
• Corporation and S Corporation Packages:
  • Printed data has been realigned for page 3 of Form D-20, SUB Corporation Franchise Tax Return, to match the latest version of the form as per the DC Office of Tax and Revenue.
• Individual, Partnership, and Fiduciary Packages:
  • Electronic transmission of D-30, Unincorporated Franchise Tax Return, will now include the element OwnerSalary from Line 32, "Salaries for owner(s)/member(s) services from D-30, Schedule J, Column 4."

Delaware Update 3

• Individual Package:
  • The calculation for line 11, Gifts by cash or check, of Forms PIT-RSA, Resident Schedule A Itemized Deductions, and PIT-NSA, Non-Resident Schedule A Itemized Deductions, has been updated to subtract the amount on line 10b, Charitable contributions if you take the standard deduction, of federal Form 1040, U.S. Individual Income Tax Return. The watermark has been removed from these returns and they may now be filed.
• Partnership and S Corporation Packages:
  • DE partnership and S corporation tax returns are now available for e-file.
• Individual, S Corporation, and Partnership Packages:
  • The following forms have been approved for printing by the Delaware DoR:
    • 209, Delaware Claim For Refund Due On Behalf Of Deceased Taxpayer
    • 300, Schedule K-1, Partner's Share of Income
    • Schedule R, Delaware Resident Schedules
    • 1100-P, Corporation Personal Income Tax
    • 1100-T Delaware Corporate Tentative Tax Return
    • 400-ES, Declaration of Estimated Fiduciary Income Tax
    • 400-EX, Declaration of Estimated Fiduciary Income Tax
    • 200-ES, Declaration of Estimated Income Tax
    • 1027, Application for Automatic Extension
    • 1100-P-EXT, Delaware Corporation Request For Extension
    • 1100-T-EXT, Delaware Corporate Income Tax Request For Extension
    • DE2210, Delaware Underpayment of Estimated Taxes
    • IRA, Delaware Special Tax Computation Individual Retirement Account Distribution
    • 1100CR, Computation Schedule For Claiming Delaware Economic Development Credits
    • Delaware Corporation Schedule 1 Attachment

Indiana Update 4

• Corporation Package:
  • A parse error on element SchINIT20NOL has been resolved on Schedule IT-20NOL, Corporate Income Tax Indiana Net Operating Loss Deduction.
• Partnership Package:
  • Line 9, Ordinary Income and Net Gain from Form 4797, of Schedule IT-65 RECAP, Recapture of Federal Tax Return Information, now displays the total from federal Form 1065, line 4 plus line 6.
• Corporation, S Corporation, and Partnership Packages:
  • Credit code 835, Venture Capital Investment Credit, can now be reported only on Schedule IN-OCC, Other Certified Credits.
• S Corporation, and Partnership Packages:
  • Parse errors on PtrShrhldrAGIStateAmt and PtrShrhldrCountyIncomeTax have been resolved on Schedule Composite (IT-20S/IT- 5), Entity's Composite Indiana Adjusted Gross Income Tax Return.

Kentucky Update 4

• Corporation Package:
  • Lines 3, "Interest" and 4, "Penalty," in the "LLET" column on section A, "Tax return information for form 720," of Form 8879(C)-K, Corporation or Pass-through Entity Tax Return Declaration For Electronic Filing, are now calculated as expected.
• S Corporation Package:
  • Box 6, "Kentucky distributive share income subject to withholding/income tax," of Form PTE-WH, Nonresident Income Tax Withholding on Distributive Share Income, is now calculated as expected.
• Corporation, S Corporation, and Partnership Packages:
  • e-File has been approved and activated for the following forms:
    • Form 720, Corporation Income Tax and LLET Return
    • Form PTE, Pass-Through Entity Income and LLET Return
  • The following KY forms have been updated to the latest version:
    • Form 740NP-WH, Nonresident Income Tax Withholding on
    • Distributive Share Income Report and Composite Income Tax Return
    • Form 8879(C)-K, Corporation or Pass-through Entity Tax Return Declaration For Electronic Filing
    • Form PTE, Pass-Through Entity Income and LLET Return
    • Schedule DE, Disregarded Entity Schedule
    • Schedule K-1 (Form PTE), Owner's Share of Income, Credits, Deductions, etc.
    • Schedule L-C, Limited Liability Entity Tax 
    • Schedule RC, Application for Income Tax/LLET Credit for Recycling and/or Composting Equipment or Major Recycling Project
• Corporation, S Corporation, and Partnership Package:
  • EF Message 0247 has been added to the program: "The Form KY-4562, Depreciation and Amortization, is undergoing development and cannot be E-filed when S/L is selected as the depreciation method. This functionality will be enabled in a future update."

Maine Update 7

• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • Representative and alternate representative data entered on federal screen 2848 will now flow to Form 2848-ME, Power of Attorney, unless data is present in section 2, "Representative Information," of ME screen 2848, in which case the data from ME screen 2848 will be used.

New Mexico Update 2

• Corporation Package:
  • An update prevents e-file reject, DRKPARSE, for the element 'http://www.irs.gov/efile:SubtotalAfterAdditions'. This reject occurs when filing form CIT-1, NM Corporate Income and Franchise Tax Return, with a negative amount on Page 2, Line 4
• S Corporation, Partnership, and Fiduciary Packages:
  • The "Reason Code" in column 5 on page 2 of Form RPD-41367, Pass-Through Entity Withholding Detail Report PTW-D, is now generated as expected even when no withholding is present.

Oregon Update 3

• Individual Package:
  • Per the CARES Act, taxpayers who made charitable contribution of up to $300 in cash who were not itemizing on the federal return, but were taking the deduction on line 10b of Form 1040-SR, U.S. Tax Return for Seniors, must subtract the amount on line 10b of Form 1040-SR from line 18, "Gifts by cash or check," of Schedule OR-A, Itemized Deductions. Drake Tax makes this calculation adjustment for Forms OR-40, OR-40-P, and OR-40-N. Recalculate all personal returns before e-file.
  • Added message 0107 when there is a CARES Act federal deduction on 1040(SR) line 10b, and taxpayers made charitable contributions up to $300 and did not itemize on federal. The new message is directing the preparer to enter an amount on screen ADJ for Oregon; we're calculating a federal amount for new adjustment code 007 on OR-ASC-NP.
  • Portland/Multnomah has new quarterly payment vouchers still in testing with the City/County. The old voucher has been disabled in Drake Tax.

South Carolina Update 3

• Individual Package
  • To prevent a parse error on 'SchSC1040TC', Form SC1040TC, 2020 Tax Credits, will be generated when Schedule TC-38 has been completed but no credit is available to be taken for the current year.

West Virginia Update 3

• Individual Package:
  • Column (d), "Add lines 27 through 31 and 33," on line 45 of Schedule M (Form IT-140), Modifications to Adjusted Gross Income, has been updated to include line 33, "Social Security Benefits Modification," in the calculation. 
  • The calculation for column (d), "Add lines 27 through 31 and 33," on line 45 of Schedule M (Form IT-140), Modification to Adjusted Gross Income, is no longer doubled. 
• Corporation Package:
  • The following credit updates have been made to Form CIT-120TC, Summary of Corporation Net Income Tax Credits:
    • Added: Post-Coal Mine Site Business; Downstream Natural Gas Manufacturing Investment Tax Credit
    • Removed: Telephone Utilities Rate Reduction Credit
  • Printing alignments have been adjusted for Form CIT-120ES, Estimated Corporate Net Income Tax Payment.
• Fiduciary Package:
  • Form IT-141, Fiduciary Income Tax Return, has been approved. 
  • The following credit updates have been made to Form RECAP (Form IT-141), Tax Credit Recap Schedule:
    • Added: Downstream Natural Gas Manufacturing Investment Tax Credit
    • Removed: WV Film Industry Investment Tax Credit
• S Corporation and Partnership Packages:
  • The following credit changes have been made to Form PTE-100TC, Summary of Tax Credits:
    • Added: Post-Coal Mine Site Business; Downstream Natural Gas Manufacturing Investment
    • Removed: Innovative Mine Safety Technology Tax Credit 
  • Printing alignment has been adjusted for Form PTE-100APT, Allocation and Apportionment for Multistate Businesses.
  • The print alignment of numerals has been adjusted for Schedule SP (Form PTE-100), Summary of K-1 Shareholders/Partners Ownership and Computation of Withholding Tax.
  • Printing alignments have been adjusted for Form PTE-100, Income Tax Return S Corporation & Partnership (Pass-Through Entity). 
• Corporation, S Corporation, and Partnership Packages:
  • The following credit updates have been made to Schedule K-1C, Schedule of WV Partner/Shareholder/Member/Beneficiary Information for Corporations Subject to Corporate Income Tax:
    • Added: Post-Coal Mine Site Business; Downstream Natural Gas Manufacturing Investment Tax Credit 
    • Removed: Innovative Mine Safety Technology Tax Credit 
• S Corporation, Partnership, and Fiduciary Packages:
  • The following credit updates have been made to Schedule K-1, Schedule of WV Partner/Shareholder/Member/Beneficiary Income, Loss, Modification, Credits and Withholding:
    • Added: Post-Coal Mine Site Business; Downstream Natural Gas Manufacturing Investment Tax Credit
    • Removed: Innovative Mine Safety Technology Tax Credit

General Update 16

• Corporation package:
  • The year entered in the field "Year of initial Indiana return" on screen 1 of the Indiana Corporation package will now be updated as expected from the prior year return. Prior to this update, the state code entered in the field "State of incorporation if not Indiana" was incorrectly updated to the "Year of initial Indiana return."