18392: 2024.01.23 - Drake23 Updates

Arizona Update 3

• Individual Package:
  • An update prevents reject "601" when AZ tax withheld is entered on federal screen 8949.

1040 Program Update 9

• Form W-4 has been approved, and the watermark has been removed.

Iowa Update 3

• Fiduciary Package:
  • Page 10 of Form IA 1041 has been updated to the latest version per the IA DOR.
  • e-File specifications regarding Schedule B and Schedule C have been updated per recent IA guidelines.

Idaho Update 1

• S Corporation, Partnership, and Fiduciary Packages:
  • The amounts in column C, "Composite Income Tax Paid by Entity," of ID Form PTE-12 now flow as intended to line 57, "Tax paid by the entity on behalf of the owner...," part XI, page 3, of ID Schedule K-1.
• Corporation, S Corporation, and Partnership Packages:
  • The amount on line 57, "Underpayment interest" of ID Form 41S is now included in the calculation on line 59.
• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • Override amounts entered on federal screen PMT with "ID" selected in the "St/city" drop list now flow as intended to the Transaction Summary and is now deducted from the payment voucher in the applicable package.
• Fiduciary Package:
  • The following items now occur on ID Form 66 when "This is a Qualified Funeral Trust (QFT)" is selected on ID screen 1:
  • No data is produced on lines 4 through 16 - "0" (zero) is now produced on line 17, "Permanent building fund tax"
• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • ID business rules have been updated for tax year 2023.
• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • EF Message 2003 is no longer produced for the approved ID packages.

Kansas Update 3

• Individual Package:
  • EF Message 0212 is now produced when no data has been entered on line "Name of School Where you Taught in 2023," of KS screen 91, preventing reject "DRKPARSE" on element "Header."

Michigan Update 4

• Individual Package
  • The intended amount is now produced on line 26, "Tier 3 Michigan Standard Deduction," of MI Schedule 1 when either the taxpayer or the spouse are over the age of 67 years old.

North Carolina Update 3

• Partnership Package:
  • NC Form D-403 has been approved and is now available for e-file.

New Hampshire Update 3

• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • An EF Message is no longer produced when the amount on line 24, "Total taxable compensation," of NH Form BET-80 is equal to the amount on line 2, "Compensation and Wages paid or Accrued," of NH Form BET.

New Jersey Update 2

• Corporation and S Corporation Packages:
  • A negative amount is now allowed on line 19, "Allocated entire net income/(loss) before net operating loss deductions," page 5, of NJ Form CBT-100.
  • Beginning in 2023, Schedule J on page 9 of NJ Form CBT-100 is now used to calculate minimum tax when the entity changes from an S Corporation to a Corporation.
  • The total minimum tax from Schedule J on page 9 of NJ Form CBT-100 now flows as intended to line 2b, "Enter the total minimum tax," page 1, of NJ Form CBT-100 when the entity changes from an S Corporation to a Corporation.

New Mexico Update 2

• Individual Package:
  • The NM Child Tax Credit is now produced for residents and part year residents of NM with eligible dependents. Preparers can use the override field on line 25 on NM screen RC2 to change the number of qualifying children if necessary.

Ohio Update 7

• Individual Package:
  • RITA Form 37 has been approved for e-file.
  • OH Form IT 1040 has been approved and is now available for printing.
  • An update prevents the following OH rejects:
    • "OH-PIT-002"
    • "OH-PIT-003"
    • "OH-PIT-015"
    • "OH-SD100-059"
    • "OHSD100-036."

Oregon Update 3

• Corporation, S Corporation, and Partnership Packages:
  • Banners are no longer displayed on approved OR forms that have been updated to the latest version.
• Individual Package:
  • The following lines are now calculated as expected on OR Form SP-2023:
    • 22, "Income subject to tax"
    • 32, " Income subject to tax"
• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • The "Original Return" check box is now marked as intended on OR Form BZT-V.
• Corporation Package:
  • An update prevents reject "DRKPARSE" on element "MergeReorganizedFEIN" when filing Form OR-CAT.
• Fiduciary Package:
  • An update prevents reject "DRKPARSE" on elements "BusTaxAcctNumber" and "SchR" when filing OR Form E.

General Program Update 9

• General program updates.

1120 Program Update 7

• The intended years are now displayed for Form 1120-C, Schedule G, Line 9a, Column (b), Nonpatronage NOL Deduction ("Attachment NOL" in View/Print mode).
• An update resolves reject "F1120-269-02."