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18408: 2024.02.01 - Drake23 Updates


Drake Tax Update Notes

2024.02.01 - Drake23 Updates

 

General State Programming Update 6

  • Hawaii:
    • Individual, S Corporation, and Partnership Packages:
      • The following HI forms have been added to Setup > Pricing:
        • Schedule PTE, pages 1 and 2
        • Schedule PTE-U
        • N-263E
        • N-362E
        • N-362
      • The EF_ACK page has been added to Form order in View/Print mode.
  • Iowa:
    • Individual and Corporation Packages:
    • Pricing for the 2023 Iowa 1040 and Iowa 1120 packages has been updated.
  • Maine:
    • Individual Package:
      • The Maine Schedule 1040C-ME Worksheet is obsolete and has been removed from Setup > Pricing.
  • Pennsylvania:
    • Corporation and S Corporation Packages:
      • PA Form REV986 is now a two-page form and has been updated in Setup> Pricing.
  • Texas:
    • All Packages:
      • Pricing for 2022-2024 Texas report year forms has been updated.
      • The forms are now listed in the proper order on the client's bill.
      • TX Form 05-163, No Tax Due Report, is obsolete and has been removed for 2024 report year pricing.

Delaware Update 1

     

    • Individual Package:
      • DE Forms PIT-RES and PIT-NON have been approved and are now available for e-filing.

    Iowa Update 6

       

      • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
        • "Note: You are required to file returns...," has been added to screen BTP3.
        • Page 3 of IA Business Tax Permit Registration (IA BTPR) has been updated.
        • The watermark has been removed from IA Schedule CC and Form IA 1120.
      • Fiduciary Package:
        • "IA - Iowa" has been added to the "State/city selection" drop list on federal screen DD.

      Kentucky Update 4

         

        • Individual, Corporation, S Corporation, Partnership and Fiduciary Packages:
          • The intended green check mark is now displayed in the "EF Status" column of the Calculation Results window for the applicable federal and Kentucky forms.
        • Corporation, S-Corporation, Partnership and Fiduciary Package
          • Adding a message to prevent eFile if a future debit date is entered.
        • Individual, Corporation, S-Corporation, Partnership and Fiduciary Packages
          • An update will prevent KYOL3 Reject ML_0005.
        • Individual, Corporation, S-Corporation, Partnership and Fiduciary Packages
          • An update will prevent KYOL3 Reject IL_0002.

        Louisiana Update 2

           

          • Individual, Corporation, S Corporation, and Fiduciary Packages:
            • The following LA forms have been approved for printing:
              • LA 540V (Individual package)
              • LA 541 (Fiduciary package)
              • LA CIFT-620EXT-V-SD (Corporation package)
              • LA IT-540ES-SD (Individual package)
              • LA R-541ES-SD (Fiduciary package)
          • Partnership Package:
            • LA Form IT-565-2D has been approved for e-file.
          • Individual Package:
            • Return Note 10 is obsolete and has been removed.

          Michigan Update 7

          • Individual Package
            • The intended amount is now produced on line 16, "Total Retirement and Pension Benefits Subtraction," of MI Form 4884 in a Married Filing Jointly return when the following occur:
              • 6a, "Check here if you received qualified retirement benefits...," is marked on MI Form 4884
              • The year of taxpayer's "Date of birth" on federal screen 1 is 1973 and the spouse's "date of birth" year is 1946.
            • MI Form 4884 is no longer produced when a larger retirement and pension benefit subtraction is produced on MI Worksheet 2, preventing EF reject 107.
            • To prevent EF reject 130, EF Message 133 is now produced when the taxpayer's date of birth on federal screen 1 is January 1, 1957, and there is a deduction amount present on MI Schedule 1, line 26, "Tier 3 Michigan Standard Deduction."

          Minnesota Update  8

          • Partnership Package
            • e-File specifications have been updated for MN Schedule PTE.

          North Dakota Update 5

          • Individual Package:
            • The Marriage Penalty Credit limitation has been updated to $249 for 2023, and is now produced as intended on line 22, "Marriage penalty credit for joint filers," of Form ND-1 for Married Filing Jointly returns.

          New Jersey Update 4

          • Individual Package:
            • "$240" is now produced on line 58, "New Jersey Earned Income Tax Credit," of Form NJ-1040 when the taxpayer is at least 18 years of age and meets federal EIC requirements (other than the age requirement).
            • The correct amount of total wages is now displayed on Form NJ-1040R, line 15, Column A, for nonresident returns. Prior to this update, only NJ wages were displayed.
          • S Corporation Package:
            • The intended amount is now produced on line 2b, "Enter the total minimum tax," of NJ Form CBT-100S when "Inactive" is selected on NJ screen 1.
            • An update prevents reject "DRKPARSE" on element "PassthroughBAIT."
          • S Corporation and Partnership Packages:
            • An update prevents reject "DRKPARSE" on element "ReturnDataState."
          • Corporation, S Corporation, Partnership, and Fiduciary Packages:
            • The intended New Jersey tax website is now displayed on the filing instructions.

          New Mexico Update 4

            • S Corporation and Partnership Packages:
              • NM Forms NMPTE and NM1120S have been updated with 2023 tax year changes.

            New York Update 3

            • Individual and Fiduciary Packages:
              • EF Messages 1010 and 0703 are now produced for Forms NYC-202 and NYC-202EIN, temporarily preventing e-file.
              • The field "Biotechnology Credit (Form NYC-114.10)" has been added to NY screen 2021. When data is entered in this field, EF Message 1010 is produced, preventing e-file.
            • Fiduciary Package:
              • The "Income distribution deduction" and "Number of beneficiaries" are now produced on page 1 of NY Form IT-205 when "Trust meets conditions of section 605(b)(3)(D)" is selected on NY screen 1.
            • Corporation Package:
              • The field "Biotechnology Credit (FormNYC-9.10)" has been added to NY screen 101. When data is entered in this field, EF Message 0703 is produced, preventing e-file.
              • Form NCY-2 is now produced instead of Form NYC-2S when any of the following is true:
                • Data is entered for the "Biotechnology Credit" on NY screen 101.
                • Data is entered for the "Child Care Credit" on NY screen 101.
                • Modification code "S-220" is entered on NY screen 225.
            • S Corporation Package:
              • The field "Biotechnology Credit" has been added to NY screen 3L1. When data is entered in this field, an EF Message is produced, preventing e-file.
              • Form NYC-3L is now produced instead of Form NYC-4S or NYC-4SEZ when any of the following is true:
                • Data is entered for the "Biotechnology Credit" on NY screen 3L1.
                • Data is entered for the "Child Care Credit" on NY screen 3L1.
                • Modification code "S-220" is entered on NY screen SH2.
            • Corporation and S Corporation Packages:
              • Interest rates and the number of days in the year have been updated for Form NYC-222.
            • Partnership Package:
              • The field "Biotechnology Credit" has been added to NY screen 204A. When data is entered in this field, EF Message 0703 is produced, preventing e-file.
              • Form NYC-204EZ is now suppressed when data is entered for the "Biotechnology Credit" or "Child Care Credit" on NY screen 204A.
              • The following "Date" override fields on NY screen 204D now function as expected:
                • "Payment with Notice of Estimated Tax Due (2)"
                • "Payment with Notice of Estimated Tax Due (3)"

            General Program Update 14

            • The intended data is now displayed on Section N of screen K1 when updating the return from Drake Tax 2022 > Drake Tax 2023.

            Utah Update 2

            • S Corporation and Partnership Packages:
              • Any UT tax paid on behalf of partners or shareholders is now automatically calculated as other income on Form TC-65, Schedule K, line 12, or Form TC-20S, Schedule K, line 11.
            • Individual, S Corporation, and Fiduciary Packages:
              • The taxpayer's and spouse's date of death fields have been adjusted to be printed correctly on Forms TC-40, TC-20S, and TC-41.

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