2021.07.07 - Drake20 Updates

Colorado Update 19

• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • An update prevents reject "DRKPARSE" for element "EmployeeOrAccountOwner."

Maryland Update 29

• Corporation, S Corporation, and Partnership Packages:
  • Interest rates have been adjusted according to state guidelines for Form 500UP, Underpayment of Estimated Income Tax by Corporations and Pass-Through Entities. 
• S Corporation and Partnership Packages:
  • Form 511, Electing Pass-Through Entity Income Tax Return, can now be generated and e-filed if electing to remit taxes on behalf of residents on MD screen 510. 

Rhode Island Update 15

• Fiduciary Package:
  • A DRKPARSE error for element "SchIII" has been resolved.
• Multiple Packages:
  • Lines 6c, 9, and 10 of Form RI-PTE, Pass-through Entity Election Tax Return, will now be calculated correctly and data will flow as it should.
  • A new direct entry field, "Amount of overpayment to be applied to 2021 tax," has been added to RI screen PTE to facilitate the use of line 10 of the form for those users who wish to apply overpayments toward estimated RI tax.