17377: 2021.09.23-27 - Drake20 Updates

2021.09.23-27 - Drake20 Updates

Maine Update 29

• Individual and Fiduciary Packages
  • Penalty rates for columns A and B of Form 2210ME, Underpayment of Estimated Tax by Individuals, Estates, or Trusts, have been updated. Data entered in the "2019 State tax" field on federal screen 1 now flows as expected to line 5, "2019 tax," of Form 2210ME.
• S Corporation and Partnership Packages
  • EF Message 0202 is now generated when the amount on line 3b, "Overpayment to be refunded," of Form 941P-ME, Pass-Through Entity Return of Maine Income Tax Withheld from Members, does not equal the difference of line 2, "Estimated Payments," and line 1,"Pass-through entity withholding for this year," preventing reject "ME941P-008."

New York Update 36

• Individual Package:
  • EF Message 0727 is no longer generated when a disabled spouse is claimed on Form IT-216, Claim for Child and Dependent Care Credit.
  • Form IT-2104, Employee's Withholding Allowance Certificate, has been updated to conform with latest credit thresholds and tax rates released by the NY DoTF.
  • The following adjustment codes are now generated automatically for Form IT-558, NYS Adjustments due to Decoupling from IRC:
    • A-005, Adjustment for net operating losses
    • A-006, Adjustment for excess business losses
    • S-004, Adjustment for net operating losses
    • Prior to this update, all adjustment codes for Form IT-558 had to be made via direct entry. 
  • Overrides for all applicable adjustments are available on NY screen 558.
  • Negative adjustments for Form IT-558 are now generated as intended for Schedule C, column 6, page 3, of Form IT-205. Prior to this update, Form IT-558 adjustments were limited to 0 (zero).
• S Corporation and Partnership Packages:
  • Form IT-2658, Report of Estimated Tax for Nonresident Individual Partner  and Shareholders, has been updated to the latest version released by the NY DoTF. Total NY-source income for each nonresident partner is now calculated using a rate of 10.09%. Prior to this update, estimated payment vouchers were calculated using a rate of 8.82%.
• Fiduciary Package
  • NY screen 636 has been added to the program for Form IT-636, Alcohol Beverage Production Credit.
  • EF Message 0437 is now generated when data is entered on NY screen 636 NY IT-205 returns including Form IT-636 must be paper-filed.
  • The following changes have been made for NY IT-205 returns:
    • Gambling winnings in excess of $5,000 are no longer generated on line 21, "Other income," column B, of Form IT-205-A, Fiduciary Allocation, for full-year nonresidents.
    • U.S. Government dividends entered on federal screen DIV are now factored accordingly into line 67, "Interest income on U.S. obligations included in federal income, of Form IT-205, Fiduciary Income Tax Return.
    • When Forms IT-205-A and IT-249, Claim for Long-Term Care Insurance Credit, are present in the return, the $250,000 AGI limitation is now applied as intended on page 2, Schedule G, of Form IT-249.

Hawaii Update 13

• Individual Package
  • The correct amount is now flowing from line 16 of the HI Capital Gain/Loss Worksheet to line 13, column B, "Hawaii Income," of Form N-15 Individual Income Tax Return.

Illinois Update 27

• Partnership Package:
  • EF Message 0182 is now generated when line 8, "Charitable contributions," of Form IL-1065, Partnership Replacement Tax Return, is negative, preventing reject "DRKPARSE" on element "CharitableContributions.”

    New Mexico Update 14

• Individual Package:
  • The extended due date on the filing instructions for NM returns has been corrected to October 15, 2021.

    Pennsylvania Update 31

• Individual Package:
  • Line 17a, "Distributions if excess of basis are taxable to residents..." of Form REV-998 PT, Shareholder Tax Basis in PA S Corporation Stock, is now calculated as expected, preventing the note "Distribution in excess of Basis" from being generated at bottom of Form REV-998 PT. Returns affected by this update should be recalculated and retransmitted.