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18446: 2024.02.26 - Drake23 Updates


Drake Tax Update Notes

2024.02.26 - Drake23 Updates

 

Arkansas Update 4

  • S Corporation and Partnership Packages:
    • AREF_ACK is now produced when Form AR1100PE has been filed and accepted.
    • The federal 179 deduction is no longer produced on line 4, "Less: Federal Form 4562 line 12...," Part C, of Form AR1100REC.

Arizona Update 7

  • Individual Package:
    • The intended "2.5%" is now produced on line "Marginal tax rate," column 2023, of the Three-year State Tax Refund Comparison (AZ-COMP).
    • An update prevents AZ reject "831" regarding Part 1 of AZ Form 301.
  • Corporation, S Corporation, and Partnership Packages:
    • e-File specifications have been updated per recent AZ guidelines.
  • S Corporation Package:
    • Estimated AZ PTE payments entered on federal screen ES with "AZ - Arizona Pass-through entity tax" selected from the "Type" drop list now flows as intended to Schedule D of AZ Form 120S and to Part 5 of AZ Schedule K-1 and Part 6 of AZ Schedule K-1(NR).
  • Individual Package
    • The following codes have been added to Form 321 for 2023:
      • 22131 Christ Child Society of Tucson
      • 22201 Cultivate Goodness
      • 22310 Charity Organization of Bangladeshi Arizonans
      • 22328 Families Fighting Cancer Together
      • 22338 Copa Health, Inc.
      • 22400 Project Rising Hope
      • 22426 Kristis Klimbers Foundation
      • 22450 MPOWRD - 22486 For the City Outreach LLC.
      • 22492 Reach for it of Tucson, Inc
      • 22507 Bridge of Mercy
      • 22523 Hope Initiatives, LLC
      • 22526 Arizona Peer and Family Coalition
      • 22530 Stuck Community Acupuncture
      • 22531 Asylum Program of Arizona
      • 22537 The House That Love Built
      • 22538 Confidence Kits, INC.
      • 22546 Cleo N Lewis Ministries, Inc.
      • 22548 Community Assistance Teams of Flagstaff
      • 22549 Step One Halfway House
      • 22553 Building Beauty, INC.
      • 22556 Veterans Helping Veterans INC.
      • 22557 Skyes The Limit Foundation INC.
      • 22560 Jayda's Heart Foundation
      • 22563 Mother's Grace
      • 22566 Building Beyond Corp.
      • 22570 Lorelai's Literary Foundation
      • 22573 Riders Ranch
      • 22577 Diamond Girl Rock Dynasty Non-Profit Organization
      • 22578 Healing Saddles, Inc
      • 22581 Words of Wisdom AZ
      • 22583 Giving Hope Project, Inc.
      • 22584 Making Taxes Count, LLC
      • 22587 Hope House of Sedona
      • 22588 Havasis, Inc.
      • 22589 Autism Life and Living
      • 22604 Karen's Caring Kitchen
      • 22611 Fostering Champions Independent Living Program
      • 22612 Believe Beyond Ability
      • 22613 Treasure House
      • 22614 Yuma Community Foster Foundation
      • 22615 Village 360 - 22622 Mercy House Community Center
      • 22625 Friends of the Children
      • Phoenix - 22626 Silver Spur Therapeutic Riding Center
      • 22628 Changing Lanes Recovery, Inc.
      • 22629 Glory Days Senior Care
      • 22636 Payson Homeless & Homeless Veterans Initiative
      • 22638 Hope Makers Outreach
      • 22642 A Place For Hannah
      • 22644 VerdeCares Inc.
      • 22645 Tyler's House
      • 22646 The Clear Water Project Inc.
      • 22648 The Terrence Pickrel Heart Fund
      • 22651 Hope Mental Health Foundation
      • 22655 Roots and Roads Community Hospice Foundation
      • 22657 Grace Sober Living
      • 22660 Triple R Recovery Charities
      • 22665 Southern Arizona Dream Center
      • 22666 Art of Intelligent Minds
    • The following codes have been added to Form 321 for 2024:
      • 22704 4Tucson, Inc.
      • 22621 The MASA Project of Arizona, LLC
      • 22695 PD Care Connection

Colorado Update 4

  • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • The "Year" entered on CO screens EZ1 through EZA are now produced as intended on Section C of CO Form DR 1366.
  • Individual Package:
    • The intended CO Forms DR0104EP are now produced as expected.

Iowa Update 19

  • Individual Package:
    • The intended Educator Expense amount up to $200 is now produced when intended on line 19, "Other Adjustments," Code EE, Schedule 1, of Form IA1041.
    • The intended amount is now produced on line 19, "other Adjustments," code G, Schedule 1, of IA 1040.
    • An update prevents reject "DRKPARSE" on element "QualifyingPersonName" per the latest guidelines of the IA DOR.
  • Corporation Package:
    • The federal taxable income after applied NOL is now produced on line 1, "Taxable income from federal return," on Form IA 1120.
  • S Corporation Package:
    • EF Message 173 is now produced when certain data is missing in the "Third Party Information" section on Form IA1120S, preventing reject "DRKPARSE."
    • The intended amount is now produced on line 52, "Overpayment on line 51...," of Form IA 1120S.
    • Amounts entered IA screen K1 now flow as intended to lines 1 and 2 of Form IA 1120S Schedule K-1.

Indiana Update 9

  • Fiduciary Package:
    • IN Form IT-41ES is now produced when an amount is present on line 15, "Total tax," of IN Schedule Composite.
    • IN Form IT-41 has been approved and is now available for e-file. All watermarks have been removed.

Maine Update 10

  • Individual Package:
    • The intended earned income amount is now produced on line 1, "Enter the amount of your earned income...," of ME Student Loan Repayment Tax Credit Worksheet.
    • EF Message 0097 is now produced when data is entered on more than one ME screen SLR, preventing reject "DRKPARSE" on element "WksStuLoanRepayCred."
    • Form 1040-ESME is now produced when data is entered for ME on federal screen ES.
    • Field helps have been updated on ME screen SCH1.

Minnesota Update 12

  • S Corporation and Partnership Packages:
    • e-File specifications have been updated.

Montana Update 8

  • S Corporation and Partnership Packages:
    • The "Refund return" will no longer be marked on MT Form PTE when "N - No" is selected from the "You are requesting a refund with this return" drop list on MT screen 1, preventing reject "PTE-E11."
    • An update prevents reject "DRKPARSE" on element "IncomeTaxTHLowerTier" on line 3b, "Montana income tax withheld by a lower tier pass-through entity," Part 5, of MT Schedule K-1.

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