2024.01.09 - Drake23 Updates
General State Programming Update 1
- Iowa:
- Individual, Corporation, S Corporation, Partnership, and Fiduciary
Packages:
- The following items have been updated in Setup > Pricing:
- IA 1040
- IA 1041
- IA 1065
- IA 1120
- IA 1120S
- IA PTE-C
- Missouri:
- Individual Package:
- The following items have been added to the Setup > Pricing:
- MO Form 5955
- MO Form MO-WFTC
- Montana:
- S Corporation and Partnership Packages:
- MT Form PTE Flow-Through Payment Attachment (MTFT AT) has been added to MT Form PTE (Partnership and S Corporation packages)
- Ohio:
- Individual, Corporation, S Corporation, Partnership, Fiduciary, Estate, and Tax-Exempt Packages:
- New taxing localities have been added to the OH City drop lists for tax year 2023.
Federal Program Update 2
706 Program Update 2
- The following fields have been added to the program:
- "Preparer signature date override" on screen DEMO
- "Representative signature date override" on screen 2
1041 Program Update 2
- The following forms have been approved, and the watermarks have been removed:
1040 Program Update 3
- EF Message 0137 has been updated, preventing reject "DRKPARSE" on element "CareProviderGrp."
- The following forms have been approved and the watermarks have been removed:
- Form 1045
- Form 8949
- Form W-9
- An update prevents reject "DRKPARSE" on element "BusinessNameLine1Txt" regarding Form 7203.
Michigan Update 1
- Individual Package:
- Form CF1040PV has been activated for use in making tax payments due the city of Muskegon Heights.
- Corporation and S Corporation Packages:
- Form CF-1120 and all supporting schedules have been approved for printing.
- City abbreviation and city name will now be printed in the spaces provided on page 1 of the East Lansing Form CF-1120.
- Payment voucher 1120PV has been added as a payment type for Walker and East Lansing balance due tax returns, per city instructions.
1065 Program Update 2
- The following forms have been approved and the watermarks have been removed:
- Per recent IRS guidelines, "FOREIGNUS" is no longer a valid ID number for partners and shareholders on Schedule K-1. As a result, an EF Message is now produced when an ID number of "FOREIGNUS" is entered on screen K1 (Partnership package) or K1E (S Corporation Package), preventing reject "DRKPARSE" on element "MissingSSNEINReasonCd."
- The effective date entered on line E, "Election to be effective for tax year beginning," of screen 2553 is now produced as intended on line E of Form 2553.
General Program Update 2
- The QuickBooks Import feature is now available.
1120 Program Update 2
- The character limit has been increased for the preparer's name and signature lines of Form 1120-H.
- The following forms have been approved and the watermarks have been removed:
1120S Program Update 2
- The following forms have been approved, and the watermarks have been removed:
- The codes for boxes 10, 12, and 13 of Schedule K-1 have been updated per the latest draft of the IRS instructions.
990 Program Update 2
- Form W-9 has been approved, and the watermark has been removed.
Virginia Update 1
- Corporation, S Corporation, and Partnership Packages:
- VA corporate and pass-through entity tax returns can now be e-filed.
- Individual Package:
- Print alignment has been adjusted for line 8e, "Add lines 8a - 8c," of VA Schedule A/CG.
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