17128: 2021.02.27 - Drake20 Updates

Colorado Update 8

• Individual Package:
  • Form DR 0204, Tax Year Ending Computation of Penalty Based on Underpayment of CO Individual Estimated Tax, has been approved for e-file.
  • An update prevents the following DRKPARSE error:
    • "The 'NetRefundAsAmended' element is invalid. The value '1,146' is invalid according to its datatype 'USAmountNNType'. The string '1,146' is not a valid Integer value."
• Corporation Package:
  • Form DR 0205, Tax Year Ending Computation of Penalty Due Based on Underpayment of Corporate Estimated Tax, has been approved for e-file.

Delaware Update 6

• Individual Package:
  • The client results letter has been updated to reflect the current mailing address for the Delaware Electronic Filer Payment Voucher, Form 200-V.
  • Unemployment benefits will now be subtracted properly on Form 200-02, Delaware Individual Nonresident Income Tax Return, when the filing status is "3. Married Filing Separately."
  • The correct overpayment applied to 2021 taxes will now be printed in the DE filing instructions in all scenarios.
  • Wilmington City Tax Forms WCWT-5, Application for Refund of Wilmington City Wage Tax, and WCWT-6, City of Wilmington Net Profits Tax Return, have been updated to the latest version and are available to be printed.
• Corporation Package:
  • A parse error on the element 'Sch1100Apportionment' has been resolved.
• All Packages:
  • Form 700, Delaware Income Tax Credit Schedule, has been updated to the latest version and approved for filing. The watermark has been removed.

Hawaii Update 3

• Individual Package
  • Mortgage insurance premiums are now deductible on Schedule A, Itemized Deductions, of Forms N-11, Individual Income Tax Return Resident, and N-15, Individual Income Tax Return Nonresident and Part-Year Resident.
  • Qualified disaster distributions on federal Forms 8915-D or 8915-E will now be taxed at one-third the amount over a three year period on HI Form N-15, Individual Income Tax Return Nonresident and Part-Year Resident.
  • A parse error on 'CityNm' has been resolved.
  • An update allows the taxpayer and spouse to create separate Schedules K-1 that share the same entity EIN.
  • Itemized gambling losses are now limited to the amount of gambling winnings.
• Fiduciary Package:
  • A checkbox to allow an exclusion of underpayment penalties and interest has been added to HI screen N210.

Iowa Update 13

• Individual Package:
  • An update prevents parse error, element 'ParticipationWasAll.'
  • The field help for line 28 of IA screen 2 has been updated.
  • An entry in line 5, "Enter taxpayer's ownership share of the total property sold..." in Part II of IA screen 100D will now be printed on the form to three decimal places, preventing parse error "IA-IA1040 Error(167.32) Ownership share is invalid."
• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • Form IA 101, Nonconformity Adjustments, has been updated. 
• Partnership and Fiduciary Packages:
  • EF Message 0214 alerts the preparer that negative amounts are not allowed on certain lines of Form IA 1065, Schedule K-1.
  • EF Message 0215 correctly identifies the negative amounts that are not allowed on certain lines of Form IA 1041, Schedule K-1.

Louisiana Update 8

• Individual Package:
  • If a return includes income from a federal Form 1099-R, Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs Insurance Contracts, etc., that is coded "S" from the "Pension Type" drop list on screen 1099, the pension amount will now be displayed on line 4 of Form IT-540, Schedule E, "Adjustments to Income," as exclusion code "02E."
  • EF Message 0078 will no longer be generated for Form IT-540 returns with credit code "75F" selected on LA screen F, "Refundable Tax Credits." 
• Partnership Package:
  • Reject 7220 for an unresolved EF Message condition has been resolved for LA Form IT-565, Partnership Returns of Income. 
• Corporation and S Corporation Packages:
  • Form CIFT-620EXT-V-SD, Corporation Tax Electronically Filed Extension Payment Voucher, has been approved and activated for printing.

Maine Update 12

• Individual Package:
  • Section 4, "Authority of representative(s)," of Form 2848-ME, Power of Attorney, will now generate as intended using data entered on either federal screen 2848 or ME screen 2848.

Missouri Update 17

• Individual Package:
  • An update prevents the parse error, "the element 'Deduction' has incomplete content," for Form 5766, First-Time Home Buyers Bank Worksheet. - Arkansas source unemployment will now flow to line 4, "Other income," of Form MO-CR, Credit for Income Taxes Paid To Other States or Political Subdivisions.
• Partnership Package:
  • Federal "Other deductions" will flow, as expected, to line 13d, "Other deductions." in Part I of Form MO-NRP, Nonresident Partnership Form.

Montana Update 11

• Individual Package:
  
  • A value for Montana source NOL will no longer print on the Nonresident/Part-Year Resident Ratio Schedule return. This will prevent parse error element 'MTSourceIncome'.

Nebraska Update 6

• Individual Package:
  • An update prevents reject "F2210N_0004." Prior to this update, Form 2210N, Individual Underpayment of Estimated Tax, was being generated when it was not needed.
• All Packages:
  • An update creates Property Tax Incentive Act Credit addendums for additional entities that do not fit on the current Form PTC, Nebraska Property Tax Incentive Act Credit Computation.
  • An update prevents a reject for NE Form PTC, "Ownership Begin Date element is invalid." The date must be entered in the MMDDYYYY format.
  • An update prevents a reject for NE Form PTC, "Share of Ownership Percentage element is invalid." Percentage cannot exceed 100%.
  • An update prevents a reject for NE Form PTC, "Federal EIN is invalid." The federal EIN must include nine digits.

New Jersey Update 4

• Individual Package:
  • Schedule C income will now flow to Schedule NJ-BUS-1, Gross Income Tax Business Income Summary Schedule, for a statutory employee that fits all the following three criteria:
  • Reported wages on a federal Schedule C
  • Had other self-employment income from the same federal Schedule C
  • Had more than one federal Schedule C in the return.
  • Line 63, "Pass-Through Business Alternative Income Tax Credit," on Form NJ-1040, Resident Income Tax Return, will now flow from NJ screen 2 when there is a credit for taxes paid to another state included with the return.
  • A program update prevents DRKPARSE for element "IncomePercentage", "Other", and "ExemptCode."
  • The filing status will now be updated properly from Drake Tax 2019 to NJ screen COMP in Drake Tax 2020.
  • NJ does not follow IRC section 72 and did not adopt the CARES Act amendment. To report pensions, IRA, and 401K distributions, preparers must follow the established NJ rules for reporting pension income, which can be found in NJ GIT-1&2, Retirement Income Documents; therefore, line 20a of Form NJ-1040, Resident Income Tax Return, and line 22 of Form NJ-1040NR, Nonresident Income Tax Return, no longer exclude federal 1099-R income that has been reported on federal screen 8915E.

Ohio Update 15

• Individual Package:
  • An update prevents a rare instance of the program crashing while calculating an Ohio Generic City income tax return.
  • The tax credit percentage has been updated for OH Generic City returns for McComb.
  • Ohio Generic City Payment Vouchers for e-filed Ohio Generic City Income Tax returns will now be produced automatically for cities that do not allow direct debit payments.

Oklahoma Update 5

• Individual Package:
  • EF Message 0130 has been added to the program and will now be generated when the amount on line 2, "Federal adjusted gross income," of Form 511NR, Oklahoma Nonresident/Part-Year Income Tax Return, is greater than $100,000 and there is an amount present on line 16, "Oklahoma child care/child tax credit."
• S Corporation Package:
  • An update prevents a parse error for element "ZIPCd."
• Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • The return due date and payment due date have been updated for OK Form FRX-200, Oklahoma Annual Franchise Tax Return.

Texas Update 2

• Individual, Corporation, S Corporation, Partnership, Fiduciary, and Tax-Exempt Packages:
  • The following forms have been approved and activated for e-file:
    • TX 05-158, Franchise Tax Report
    • TX 05-169, Franchise Tax EZ Computation Report
    • TX 05-163, Franchise Tax No Tax Due Report
    • TX 05-164, Franchise Tax Extension Request
  • An EF Message will no longer be generated when unverified fields are present when filing an extension.
  • Updates to the e-file guidelines now allow applicable Texas Franchise Tax returns to be e-filed.
  • The Texas 2021 Franchise Tax report due date has been extended to June 15, 2021 per the Texas Comptroller's office.
• S Corporation Package:
  • The signing officer's information will now flow from the applicable federal K1E screen when the "Signs return" check box is marked.
• S Corporation, Partnership, and Fiduciary Packages:
  • EF Message 130 will now be generated when a "Percentage of ownership" on Form 05-167, Texas Franchise Tax Ownership Information Report, is greater than "100," preventing a parse error for invalid element "OwnershipPercentage."