2021.01.11 - Drake20 Updates
Maine Update 2
- Individual, Corporation, S-Corporation, Partnership, Fiduciary Packages:
- The following forms have been approved :
- Form 941P Maine Payment Voucher
- Maine Pass-Through Entity Return
- Maine 941P, Schedule 2
- Maine 941P, Schedule 3
- Maine Pass-Through Withholding Extension Payment Voucher
- Maine Schedule 1040C
- Maine Earned Income Tax Credit Worksheet
- Educational Opportunity Tax Credit Worksheet
- Educational Opportunity Tax Credit Loan Payment Schedule
- Maine Individual Income Tax has been approved for printing
- Corporation Package:
- This is an update to Form 2220ME, page 2, Annualized Income Installment Worksheet, line 13. This update takes the tax liability from page 1,
- Form 2220ME, line 4 and applies 25% of the liability in each of the columns A, B, C, and D on page 2, line 13.
Montana Update 1
- The following forms have been approved:
- Biodiesel Blending and Storage Credit
- Child and Dependent Care Expense Deduction
- College Contribution Credit
- Emergency Lodging Credit
- Farm and Ranch Risk Management Account
- Geothermal Energy System Credit
- Alternative Energy Production Credit
- Credit for Investment in Energy Conservation Installations
- First -Time Home Buyer Savings Account
- Class A NOL tracking Table
- Class A NOL Carryover
- Class B NOL Carryover
- Montana Net Operating Loss Schedules for Individuals, Estates, and Trusts
- Farm Loss Schedule
- Itemized Deductions Limitation
- Elderly Care Credit
- Heath Insurance for Uninsured Montanans Credit
- Infrastructure User Fee Credit
- Power of Attorney Authorization to Disclose Information
- Qualified Endowment Credit
- Recycle Credit /Deduction
- Veteran's Program Contribution and Deduction