18425: 2024.02.13 - Drake23 Updates

Alabama Update 3

• Individual Package:
  • The watermark has been removed from AL Schedule RS.
  • The penalty rate on line 11 of AL Form 2210 has been updated per recent form updates from the AL DoR.
  • A watermark has been added to Partially Taxable Pensions, Annuities, and IRA Distributions (ALPENSWK) until development is complete.
  • To prevent reject AL40-819, EF Message 0070 is now produced when an amount is entered on line 12, "Federal tax deduction," of AL screen 1.
  • An update prevents reject "AL40-065" when AL Schedule B has been forced to print in the return.
• Corporate Package:
  • Return Note 24 text has been updated.
• S Corporation and Partnership Packages:
  • Schedule EPT K-1 is no longer produced when there is no taxable income, credits, or tax due and Form EPT is being filed only to receive a refund.
• Individual, Corporation, S Corporation, and Partnership Packages:
  • EF Messages 1485 and 1486, requiring PDF statements of retained earnings balance sheets for AL Forms 20C, 20S, CPT, and PPT, have been removed per recent AL business rule changes.

Arkansas Update  3

• Individual Package:
  • EF Message 4011 is no longer generated when there are no federal extension EF Messages present in the return.
• S Corporation and Partnership Packages:
  • Form AR8944 is now produced when Form AR1100PTE is present in the return.
• Individual, Corporation, S Corporation, and Partnership Packages:
  • The intended AR refund or balance due information is now produced on the EF Selection Report and the Calculation Results window.
• Partnership and S Corporation Packages:
  • "AP - AR - Arkansas Pass-through Entity Tax" has been changed to "PE - AR - Arkansas Pass-through Entity Tax" on the state "Type" drop list of screen ES.
• Corporation Package:
  • Amounts entered on line 17, "Other deductions (itemize)," of federal screen DED now flow to line 26, "Other deductions," on Form AR1100CT.

General State Programming Update 10

• Florida: Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • County property appraisers' names and addresses have been updated for FL Form DR-405.
• Massachusetts: S Corporation Package:
  • The mailing address for the MA Annual Report for Domestic and Foreign Corporations is now included on the Client Results letter.

Federal Program Update 15

• Depreciation limits for passenger automobiles placed in service during 2024 (for fiscal-year filers) has been updated for tax planner purposes.

1041 Program Update 13

• General program update.

1040 Program Update 19

• EF Message 0474 is no longer produced when the bona fide residence end date on screen 2555 > "2555 - Part 2" tab is within the current tax year.

Idaho Update 2

• Individual Package:
  • The amount on line 5, "Qualified adoption expenses," of federal Form 8839 now flows to line 12 of ID Form 39R or line 10 of Form 39NR. If the amount of federal expenses on Form 8839 is greater than $10,000, the amount of ID expenses is capped at $10,000. This amount can be overridden using ID screen 5.
  • The total from line 2, column (d), of federal Form 2441 now flows to line 1 of the ID Subtractions Form 39R (Line 6), and 39NR (Line 4) Child and Dependent Care Worksheet (IDWK_DEP).

Kentucky Update 6

• Individual Package:
  • The intended amount is now calculated on line 12, "Tax computation," of KY Form 740 when 2, "Married, filing separately on this combined return," is marked on KY Form 740.
• Corporation, S Corporation, and Partnership Packages:
  • An update prevents KY reject "OL3 Reject M3_043."
• S Corporation and Partnership Packages:
  • A copy of KY Form PTET-CR is now grouped for each partner (Partnership package) and shareholder (S Corporation package) on the forms tree of View/Print mode.

Massachusetts Update 10

• Individual Package:
  • The intended amount is now produced on line 5, "Additional adjusted gross income deductions," of MA Schedule C-2.
  • The intended amount is now produced on line 3, "Massachusetts adjusted gross income," of MA Schedule CB.
  • The intended amount is now produced on line 9c, "Charitable contributions deduction," of MA Schedule Y.

Maryland Update 7

• Individual Package:
  • An update resolves MD reject "502-01770-010" when filing MD Form 502. If a return has received this reject code, please recalculate and review the return after this update has been installed, then transmit the return again.

Minnesota Update 10

• Individual Package:
  • Return Note 073 is now produced when the taxpayer is not eligible for the Child and Working Family Credit on MN Schedule M1DQC.
• Fiduciary Package:
  • EF Message 0031 is no longer produced when there are more than seven beneficiaries entered on federal screen K1.
• Corporation Package:
  • The intended amount is now calculated on line 6, "Net operating loss deduction," of MN Form M4T.

Montana Update 5

• Individual Package:
  • The intended amount is now calculated on line 10, "Rental real estate, royalties, partnership...,"page 8, of MT Form 2 when an amount is entered on line 12, "Section 179 deduction," in the "State (if different)" column on federal screen K1P > "1065 K1 12-20" tab.
• S Corporation and Partnership Packages:
  • The intended amount is now calculated on line 1, "PTET paid on behalf of the owner," Part 5, of MT Schedule K-1 when "Check this box if shareholder/partner is a nonresident" is selected on MT screen K1 and "PTET Montana Return" is selected on MT screen 1.
  • The intended amount is now calculated on line 1, "PTET paid on behalf of the owner," Part 5, of MT Schedule K-1 when "Resident PTET Montana Return" and "PTET Montana Return" are selected on MT screen 1.

1065 Program Update 14

• An update prevents reject "R0000-019" when filing Schedule K-1.
• "AP - AR - Arkansas Pass-through Entity Tax" has been changed to "PE - AR - Arkansas Pass-through Entity Tax" on the state "Type" drop list of screen ES.

New Mexico Update 5

• S Corporation Package:
  • The check box "Mark if electing to file entity-level tax" has been added to NM screen 1. Selecting this option allows data to flow to the "Computation of Entity-Level Tax" section of NM Form S-Corp.
• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • e-File specifications have been updated to the latest version per the NM DOR.

New York Update 8

• Individual Package:
  • EF Message 323 no longer prevents the following forms from being e-filed:
    • IT-201-X
    • IT-203-X
  • The amount entered in box 8 of federal screen 1099-INT, will now flow to NY form IT-203, line 20, when an amount or percentage is entered in the "Resident state municipal interest, Other state municipal interest, or Other tax-exempt interest" field of the federal 1099-INT screen.

Ohio Update 17

• Individual Package:
  • An update prevents reject "DRKPARSE" on element "SchoolDistrictNumber."
  • The overpayment amount entered on federal screen ES with "SD - Ohio School District Tax" selected from the "Type" drop list now flows as intended to line 12, "Estimated and extension payments...," on OH Form SD 100.

Pennsylvania Update 6

• Individual, S Corporation, Partnership, and Fiduciary Packages:
  • Philadelphia Net Profits Tax datal is now displayed on the Client Results Letter and the filing instructions.
  • The intended Philadelphia due dates are now displayed on the filing instructions and the Client Results Letter.
• Individual Package:
  • An update prevents reject "DRKPARSE" on element "NRALiteralCd."
  • PA Form REV-1630A is now produced when "F - Force" is selected from the "Force/Suppress the form" drop list on PA screen PENA.
  • EF Message 0367 text has been updated.
  • The following items are now displayed as intended on the PA SIT payment voucher (PAPHSTV):
    • Interest and penalty
    • Payment
    • Total due
• Corporation and S Corporation Packages:
  • The intended data is now produced in Section F, page 3, of PA Form RCT-101.

1120 Program Update 15

• Screen ESTX has been added to the program, allowing preparers to override estimated payments in cases where the taxable income is expected to differ from the program's calculation, which is based on current-year amounts.
• The intended amount of taxable income is now used when calculating estimated payments for Form 1120-C returns.

1120S Program Update 16

• An update resolves reject "F1120S-243-01."
• "AP - AR - Arkansas Pass-through Entity Tax" has been changed to "PE - AR - Arkansas Pass-through Entity Tax" on the state "Type" drop list of screen ES.

990 Program Update 14

• The preparer's PTIN is now printed on Form 990-EZ.

Vermont Update 6

• Individual Package:
  • The tax year has been updated to "2023" in the "Health Care Coverage" section on VT screen 1.
  • EF Message 0017 is now produced when the following occurs, preventing rejects "Header-00150-010" and "Header-00220-005:"
  • "Check here if the HS-122 is going to be filed by itself" is selected on VT screen 122.
  • "VT HS - HS-122, Homestead Declaration/Property Tax Credit" has not been selected from the "State E-File Override" drop list on federal screen EF.
  • The intended amount of Use tax is now calculated on VT Form IN-111 when "0" (zero) is entered on line "If you did keep accurate records; total amount of all purchases," on VT screen 2.
• S Corporation and Partnership Packages:
  • An update resolves reject "DRKPARSE" on element "FormBI473."