17173: 2021.04.01 - Drake20 Updates

Arizona Update 19

• Fiduciary Package:
  • The amount on line 8a, "Interest income," on the Worksheet for Iowa Beneficiaries Share of Income and Credits ("IA_WK_K1") will now flow from line 1, "Taxable interest income," of Form IA1041, Iowa Fiduciary Return.
  • Schedule E, "Questions," of Form 141 AZ, Fiduciary Income Tax Return, will produce an EF Message only if required information is missing.
  • If an extension for Form 141 AZ, Arizona Fiduciary Income Tax Return, has been previously filed, the program now allows the Form 141 to be e-filed.
  • The program will now correctly indicate whether the "Contact's Daytime Phone Number" flowing to AZ Schedule K-1(NR), Nonresident Beneficiary's Share of Income, is for the beneficiary or a representative with power of attorney. There are two ways to have the "Power of Attorney" check box marked on AZ Schedule K-1(NR):
    • Enter a phone number in the "Care of/FBO/DBA" on federal screen K1
    • Enter a phone number on line 2 of AZ screen 285
• Individual Package:
  • If the "Contributions included on federal Schedule A..." check box at the top of AZ data entry screens on the "Credits" tab has been marked, then the credit amount will be included on lines 1c and 6c on page 3 of Form 140, Resident Personal Income Tax Return, per guidance from the AZ DoR. 
  • A zero ("0") will now be generated, when required, to prevent the parse error element 'Totals' on page 2, line J, "Total household income," of Form 140PTC, Property Tax Refund (Credit) Claim.
  • EF Message 266 will now be produced when a federal Schedule A is generated for Arizona with a negative number present, preventing parse error, 'RealEstateTaxesAmt' element. 
  • EF Messages 72-77 that prevented e-file when more than 50 Forms W-2 were present or when more than 99 Forms 1099 were present, have been removed from the program. The limits no longer apply.
  • The following codes have been added or adjusted for Form 321, Credit for Contributions to Qualifying Charitable Organizations, as per the Arizona DoR:
    • 20173 St. Vincent de Paul Thrift Store
    • 20195 Job Path, Inc.
    • 20221 Apache Junction Reach Out, Inc. dba Superstition Community Food Bank
    • 20310 Quality Connections, Inc.
    • 20361 Prescott Free Clinic, Inc.
    • 20369 Vineyard Community Charities
    • 20383 Mentoring Tucson's Kids Inc.
    • 20389 Centers for Habilitation - TCH
    • 20394 Phoenix Indian Center, Inc.
    • 20399 Rainbow Acres
    • 20401 Southern Arizona Legal Aid, Inc.
    • 20404 CASA - Central Arizona Seniors Association
    • 20419 Valley Life
    • 20429 Family First Pregnancy Care Center & Family Diaper Bank, Inc.
    • 20444 Marshall Home for Men, Inc.
    • 20452 Genesis Project of Arizona
    • 20456 Christian Care Nursing Center
    • 20469 TMM Family Services, Inc.
    • 20494 National Advocacy & Training Network
    • 22128 Graham County Substance Abuse Coalition
    • 22292 DSquared Homes for the Homeless
  • The following code has been added or adjusted for Form 352, Credit for Contributions to Qualifying Foster Care Charitable Organizations, as per the Arizona DoR: 
    • 11067 I Am You 360
  • The following code has been removed for 2021 for Form 352, Credit for Contributions to Qualifying Foster Care Charitable Organizations, as per the Arizona DoR: 
    • 10050 Boys & Girls Clubs of Greater Scottsdale Foster Children, LLC

Federal Update 19

• Select EF Messages have been updated to reflect changes made by the IRS.
• Returns with pass-through amounts for federal Form 8904, Marginal Wells Oil and Gas Production Credit, can now be e-filed.

1041 Update 24

• A program update prevents a parse error on federal Form 8824, Like-Kind Exchanges. (ForeignAddress)
• Federal Form 5884-A, Employee Retention Credit, is now available, and the watermark has been removed.
• Federal Form 8997, Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments, is now available, and the watermark has been removed.

1040 Update 35

• Final-year section 67(e) deductions entered on line 11 of screen K1F (with a code of "A" selected from the drop list) will now be included, as expected, with other write-in amounts flowing from line 22 of federal Schedule 1 to line 7 of the Social Security Benefits Worksheet (Wks SSB-1).
• The worksheet WK_NOLCO has been updated to the latest version as shown in IRS Publication 536. This is a cosmetic change only; no calculations are affected by this updated.
• When estimated payments are the same, and paid on the quarterly due dates, the underpayment penalty will automatically be calculated using the "short method" on page 2 of federal Form 2210, Underpayment of Estimated Tax.
• A program update prevents a parse error on federal Form 8824, Like-Kind Exchanges. (ForeignAddress)
• Federal Form 5884-A, Employee Retention Credit, is now available, and the watermark has been removed.
• Federal Form 8997, Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments, is now available, and the watermark has been removed. 

1065 Update 23

• Program updates prevent parse errors associated with negative entries on federal Schedule F. (GasolineFuelAndOilExpenseAmt) (TotalExpensesAmt) (CooperativeDistributionsAmt) (SaleOfProductsRaisedAmt) (CustomHireExpenseAmt)
• A program update prevents a parse error on federal Form 8824, Like-Kind Exchanges.(ForeignAddress)
• Federal Form 5884-A, Employee Retention Credit, is now available, and the watermark has been removed.
• Federal Form 8997, Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments, is now available, and the watermark has been removed.

New York Update 23

• Individual Package:
  • When filed separately from Forms IT-201 or IT-203, a credit amount will now be generated for Form NYC-210, Claim for New York City School Tax Credit, when NYC has part-year residency dates entered in section F, "New York City - Part-year resident information" of NY screen 1.
  • Programming changes have been implemented to add back all of the adjustments from Form IT-558, NYS Adjustments due to Decoupling from the IRC, to line 9, "Federal adjusted gross income," of Form IT-214, Claim for Real Property Tax Credit, preventing reject "R0136." This includes the unemployment exclusion added back to NYS AGI using code A-011 on Form IT-558. The amount on line 1 of the NYC Earned Income Credit Worksheet ("NYCEICWK") will now flow, as expected, from line 10, "Amount of federal EIC claimed or recomputed federal EIC," of Form IT-215, Claim for Earned Income Credit. Prior to this update, if any adjustments were present on the federal worksheet CARES Act Comparison, the pre- CARES recomputed EIC amount would be generated instead of the amount from line 10 of Form IT-215.
  • Reject "R0101" has been resolved for Form IT-201, Resident Income Tax Return, when income with a code of "IIM" has been entered in box 14 of federal screen W2. Prior to this update, imputed income was subtracted from NYS wages on line 1 of Form IT-201.

Oklahoma Update 7

• Individual Package:
  • An update resolves a parse error on element "IncomeTaxRefund."
  • OK amended returns can now be e-filed.
• Corporation and Fiduciary Packages:
  • The due date for OK returns, extensions, payments, and first-quarter estimated payments has been updated to 6/15/2021. 
• S Corporation and Partnership Packages:
  • The due date for OK returns, extensions, payments, and first-quarter estimated payments has been updated to 6/15/2021. 
• Partnership Package:
  • An update resolves a parse error on element "Part2Totals." 

1120 Update 22

• A program update prevents a parse error on federal Form 8824, Like-Kind Exchanges.(ForeignAddress)
• Federal Form 5884-A, Employee Retention Credit, is now available, and the watermark has been removed.
• Federal Form 8997, Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments, is now available, and the watermark has been removed.

1120S Update 23

• A program update prevents a parse error on federal Form 8824, Like-Kind Exchanges. (ForeignAddress)
• Federal Form 5884-A, Employee Retention Credit, is now available, and the watermark has been removed.
• Federal Form 8997, Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments, is now available, and the watermark has been removed.

990 Update 20

• General program update.