18353: 2024.01.05 - Drake23 Updates

Federal Program Update 1

• General program update.

706 Program Update 1

• General program update.

1041 Program Update 

• The following forms are now available for filing, and the watermarks have been removed: 
  • 4797
  • 6765
  • 8824
• The interest rates used in calculating the estimated tax penalty on Forms 2210 and 2210-F have been updated.

709 Program Update 1

• The overflow sheet for Schedule A (Form 709) is now displayed as "Form 709 - Overflow" in View/Print mode.

1040 Program Update 2

• The following forms are now available for filing, and the watermarks have been removed: 
  • 4797
  • 6765
  • 8862 
  • 8862 (SP)
  • Schedule H (1040) (SP)
  • 8824 
• EF Message 0001 is no longer produced when there is a net operating loss (NOL) carryover from prior years.
• The intended IRA contribution limits are now used on the IRA Deduction Worksheet - Schedule 1, Line 20 ("Wks 8606 IRA Deduction" in View/Print) when an "IRA deduction" is entered on screen 4.
• The interest rates used in calculating the estimated tax penalty on Forms 2210 and 2210-F have been updated. 
• The watermark has been removed from Form 5695, allowing returns with one Form 5695 to be e-filed. Returns with multiple Forms 5695 remain in development and cannot be e-filed at this time.

Iowa Update 1

• Individual Package: 
  • The watermark has been removed from Form IA 126. 
  • IA screens LN11 and LN19 have been updated to the current code.
• Individual, Corporation, S Corporation, Partnership, and Fiduciary Package:
  • The IA business rules have been updated to the latest version.
  • e-File specifications have been updated per recent IA guidelines.

Massachusetts Update 1

• Individual Package:
  • The MA Schedule HC Worksheets and Tables (MAWK_HCA) has been updated to the latest version.
  • Calculations have been updated for the MA Line 49 - Excess Paid Family and Medical Leave Contributions Worksheet (MAWK_FML and MAWK_NFR).
  • The following calculations have been updated: 
    • Line 46, "Child and Family Tax Credit," of MA Form 1 
    • Line 50, "Child and Family Tax Credit," of MA Form 1-NR/PY 
    • Line 2g, "Total exemptions," of MA Form 1 
  • Line 4g, "Total exemptions," of MA Form 1-NR/PY
• Partnership Package: 
  • MA Form 3 has been updated to the latest version.
• Fiduciary Package:
  • The following calculations have been updated on MA Form 2: 
    • Line 43, "Other credits (from Credit Manager Schedule)" 
    • Line 45, "Credits passed through to beneficiaries on Schedules 2K-1"
• Individual, S Corporation, and Partnership Packages: 
  • MA individual income tax and nonresident composite returns can now be e-filed.

1065 Program Update 1

• The following forms are now available for filing, and the watermarks have been removed: 
  • 4797
  • 6765
  • 8824

Ohio Update 1

• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages: 
  • The Ohio city drop lists have been updated for tax year 2023.

General Program Update 1

• Print alignment for check signatures has been adjusted for TPG checks when "Include with each print job" is selected from the "PCL Printing Options" section at Setup > Printing and Device Setup > Printers > "(F7) Options" tab.

1120 Program Update 1

• The following forms are now available for filing, and the watermarks have been removed:
  • 1120
  • 4797
  • 6765
  • 8824

1120S Program Update 1

• The following forms are now available for filing, and the watermarks have been removed: 
  • 4797 
  • 6765
  • 8824

990 Program Update 1

• Form 4797 is now available for filing, and the watermark has been removed.

Texas Update 1

• Individual, Corporation, S Corporation, Partnership, Fiduciary, and Tax-Exempt Packages:
  • e-Filing has been temporarily disabled for all Texas returns.