17734: 2022.06.01 - Drake21 Updates

Arizona Update 31

• Individual Package:
  • The following codes have been added for Form 321, Credit for Contributions to Qualifying Charitable Organizations, for 2022 as per the Arizona DoR:
    • 22457 Life More Abundantly
    • 22480 Goodworks Counseling, Inc.
      

Kentucky Update 23

• Individual Package:
  
  • Line 22, "Estimated Tax Penalty," of Form 2210-K, Underpayment of Estimated Tax by Individuals, will no longer be calculated on returns when the "Impacted by Kentucky Tornadoes." check box is selected on KY screen 1.
• S Corporation Package:
  • Line 9, "IRC Section 179 expense deduction," on KY screen "K" is now labeled as -- and functions as -- an adjustment field. Prior to this update, the line was labeled as an override field.
• Fiduciary Package:
  • An amount will now be calculated and displayed in column C, "Difference," on line 4, "Net long-term gain," of KY Schedule K-1, when there is an amount is line 10 "Income distribution deduction," of Form 741, Kentucky Fiduciary Income Tax Return.
• S Corporation Package:
  • All numerals entered in KY screen, L, line 3(b), "Kentucky statutory cost of goods sold reductions," now flow to Form KY PTE, Kentucky Pass-Through Entity Income and L Let Return.

North Dakota Update 19

• Individual Package:
  • Certain Schedules K-1 are now transmitted to ND as intended. 
• Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • EF Message 0099 is now generated for returns that meet the following conditions:
    • Are filed after the original due date
    • Include electronic payments
    • Do not have a state "Requested payment date" entered on federal screen PMT
• Corporation Package:
  • Rounding has been updated for the apportionment factor on lines 14 and 16, Schedule FACT, of ND Form 40, Corporation Income Tax Return.

Vermont Update 19

• S Corporation and Partnership Packages:
  • The calculation for "Income directly allocable to Vermont" on Schedules BI-472, Vermont Non-Composite, and BI-473, Vermont Composite, has been updated.