17327: 2021.08.05 - Drake20 Updates

Indiana Update 17

• Corporation Package 
  • Multiple entries are now allowed for line 9, "Distributive Share Income from Non-unitary Partnerships & Tiered Partnerships," columns C and D, on Schedule F, Allocation of Non-business Income and Indiana Non-unitary Partnership, of IN Form IT-20, Indiana Corporate Adjusted Gross Income Tax Return, preventing rejects "SF-022" and "SF-023."

Minnesota Update 18

• Individual Package:
  • The following forms have been updated to the latest version as per recent MN tax law changes:
  • Schedule M1NC, Federal Adjustments
  • Schedule M1NR, Nonresident/Part-year Residents
  • Schedule M1M, Income, Additions and Subtractions
  • Schedule M1SA, Itemized Deductions
• Partnership Package:
  • The following forms have been updated to the latest version as per recent MN tax law changes:
  • Schedule KPC, Partner's Share of Income, Credits and Modifications
  • Schedule KPCNC, Federal Adjustments
  • Schedule KPI, Partner's Share of Income, Credits and Modifications
  • Schedule KPINC, Federal Adjustments
• Fiduciary Package:
  • The following forms have been updated to the latest version as per recent MN tax law changes:
  • Schedule KFNC, Federal Adjustments
  • Schedule M2SBNC, Federal Adjustment
  • Schedule M2NC, Federal Adjustments
• Corporation Package:
  • The following forms have been updated to the latest version as per recent MN tax law changes:
  • Schedule M4X, C-Corp Amended Franchise Tax Return
  • Schedule M4NC, Federal Adjustments
  • Schedule M4I, Income Calculation
• S-Corporation Package:
  • The following forms have been updated to the latest version as per recent MN tax law changes:
  • Schedule KSNC, Federal Adjustments
  • Schedule KS, Shareholder's share of Income, Credits and Modifications

Pennsylvania Update 29

• Fiduciary Package:
  • Line 14c, "Number of days after Dec .31, 2020," on page 2 of Form REV 1630F, Underpayment of Estimated Tax by Fiduciaries, was updated so that "105" will be printed for 2021 instead of "106" days - which included the Leap Day in 2020.
  • The business street address will now be printed, as expected, on page 1 of Form PA-40, Schedule C, Profit of Loss from Business or Profession.
  • EF Message 178 has been renumbered as PA 370: "Estimated vouchers can only be filed electronically prior to their due dates." If the return is calculated after the estimate due date, then a payment date is required.
  • Accrual information will now be calculated on page 2 of PA Schedule F, Farm Income and Expenses, when the "Accrual" check box is marked on federal screen F. Prior to this update, marking the box produced a blank page.
  • The line 46 reference on the Electronic Filing Attachment (PAEFATN) has been corrected to refer to line 44.
• Individual Package:
  • Gross receipts now flow from federal Schedule C, line 3, to line 7a, "Sales and/or rentals of tangible personal property," of Form BIRT-EZ, City of Philadelphia Business Income & Receipts Tax.
  • "Other income" now flows from line 6 of federal Schedule C to  line 7i, "Other," of Form BIRT-EZ, City of Philadelphia Business Income & Receipts Tax.
• S Corporation and Partnership Packages:
  • An update prevents the following DRKPARSE element: "'CheckboxType' The Enumeration constraint failed." Returns with this parse error should be recalculated and refiled.