2023.01.25 - Drake22 Updates
Alabama Update 2
- Individual Package:
- e-File has been approved and activated for the following forms:
- 40, Individual Income Tax Return Residents and Part-Year Residents
- 40NR, Individual Income Tax Return Nonresidents Only
- Watermarks have been added to the following forms; watermarks will be
removed when the AL DoR approves the forms for paper-file:
- 40, Individual Income Tax Return Residents and Part-Year Residents
- 40NR, Individual Income Tax Return Nonresidents Only
- Form 40, Individual Income Tax Return Residents and Part-Year Residents,
has been updated to the latest version.
-
Individual and Partnership Packages:
- The following forms have been approved for printing by the AL DoR:
- Schedule BPT-E, Family Limited Liability Entity Election Form
- Worksheet BPT-NWI, Balance Sheet
- Net Worth Computation
Arkansas Update 6
- Individual Package:
- The "How to use this screen" hyperlink on AR screen LOSS has
been updated.
- S Corporation and Partnership Packages:
- EF Message 0037 will no longer be generated when federal Form 4562
is present in the return.
- The scan line has been moved to the bottom of AR Form 1100ESPET,
Pass-through Estimated Tax Payment Voucher.
- An update prevents reject "PET2022-0125.
- EF Message 0037 will now be generated for AR Form AR1100PET,
Arkansas Pass Through Entity Tax Return, when federal Form 4562
is required.
- An update prevents reject "DRKPARSE" on element "SchAR1099PT."
- Partnership Package:
- Printing alignment has been adjusted for the "Firm name"
and "Address" on AR Form AR1050, Arkansas Partnership Income
Tax Return.
Delaware Update 2
- Individual Package:
- Individual Delaware returns have been approved and are now available
for e-file.
- The following forms have been approved for printing by the Delaware
DoR:
- 1100CR, Computation Schedule for Claiming Delaware Economic
Development Credits or New Economy Jobs Program Credits
- D-400-V, Electronic Filer Payment Voucher (Fiduciaries)
- PIT-NON, Delaware Individual Non-Resident Income Tax Return
- PIT-RES, Delaware Individual Resident Income Tax Return
- Line 8b, "529 Contribution to Delaware-sponsored Tuition Program or
ABLE Program," has been added to DE screen 2.
- Line 26b, "529 Contribution to Delaware-sponsored Tuition Program or
ABLE Program," has been added to DE screen 4.
Illinois Update 4
- Corporation, S Corporation, Partnership, and Fiduciary Packages:
- Line 50, "Illinois net loss deduction," in Step 7 on IL Form IL-1120-ST,
Small Business Corporation Replacement Tax Return, will now equal
Line 7, " Line 7 Total," on IL Schedule NLD, Illinois Net Loss Deduction.
- The amount in Line 7, "Line 7 Total," in Step 1 on IL Schedule NLD,
Illinois Net Loss Deduction, will now be calculated as intended.
- S Corporation and Partnership Packages:
- Line L, "PTE tax credit received and distributed to members," of IL
Schedule B, Partners' or Shareholders' Information, will now equal
the total amount of Line 53a, "Pass-through Entity (PTE) Tax Credit,"
on IL Schedule K-1-P, Partners' or Shareholders' Share of Income,
Deductions, Credits, and Recapture.
- Individual, Corporation, S Corporation, Partnership, and Fiduciary
Packages:
- Credit code 5440 is now limited to $1,000 on the following forms:
- IL 1299-C, Income Tax Credit Worksheet (1040 package)
- IL 1299-D, Income Tax Credit Worksheet (1120 package)
- IL 1299-A, Income Tax Credit Worksheet (1120S and 1065 packages)
- IL 1299-D, Income Tax Credit Worksheet (1041 package)
- The Help fields for lines 8a, "Enter the portion of
depreciation allowance..." and 8b, "Enter the portion of
depreciation claimed..." on IL screen 4562 have been updated.
Kentucky Update 3
- Corporation Package:
- The intended amount is now calculated on line 5, Section B, of
Schedule KNOL, Kentucky Net Operating Loss Schedule.
- EF Message 0289 has been removed from the program.
- Individual and Fiduciary Packages:
- The fourth quarter due date for Form 740-ES, Estimated Tax Voucher,
has been updated to January 16, 2024.
- Individual Package:
- An update prevents reject "F8863K-0054" regarding Form 8863-K,
Kentucky Education Tuition Tax Credit.
Minnesota Update 2
- Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
- Updates have been made to conform to applicable IRC provisions enacted
through December 31, 2022 based on recent Minnesota tax conformity updates.
- Individual Package:
- An update resolves reject "118" pertaining to Form M1PR, Homestead Credit
Refund (for Homeowners) and Renter's Property Tax Refund.
- The intended amount is now produced on line A, "Wages, salaries, tips,
etc.," of Form M1, Individual Income Tax, for returns with taxable
scholarships, resolving reject "536."
New York Update 3
- Corporation and S Corporation Packages:
- The following items have been added to NY Form CT-46, Claim for
Investment Tax Credit:
- Column H, "Investment credit for eligible farmers on qualified property"
- Line 2a, "Investment tax credit for eligible farmers"
- Line 21a, "Add column H amounts"
- The following check boxes have been added to NY screen 643A:
- The following NY forms have been updated to the latest version and
approved for printing:
- CT-2658, Report of Estimated Tax for Corporate Partners
- CT-656, Grade Number 6 Heating Oil Conversion Credit
- NYC-3L, General Corporation Tax Return
- NYC-200V, Payment Voucher
- NYC-EXT, Application for Automatic Extension of Time to File Business
Income Tax Returns
- NYC-WPE, Worksheet for Partial Exemption Unincorporated Business Tax
- Line 7, "Revoking a commonly owned group election," has been added to
Section C of NY Form CT-3, General Business Corporation Franchise Tax Return.
- The following credit forms have been added to Part 7 of NY Form CT-3,
General Business Corporation Franchise Tax Return:
- CT-656, Grade Number 6 Heating Oil Conversion Credit
- CT-657, COVID-19 Capital Costs Credit
- CT-658, Additional Restaurant Return-to-Work Credit
- "Return Type" and "Tax Year" have been added to NY Form CT-300,
Mandatory First Installment of Estimated Tax for Corporations.
-
Partnership Package:
- The "Federal Return Filed" check box has been removed from NY Form NYC-204,
Unincorporated Business Tax Return.
- S Corporation Package:
- Tax year 2022 revisions have been added to line 14, " Gross receipts or
sales from federal return," on NY Form NYC-4SEZ, General Corporation Tax Return.
- Return Note 027 has been added regarding updated 2022 requirements for
NY Form NYC-4S, General Corporation Tax Return.
- The following lines have been added to NY Form CT-34-SH, New York
S Corporation Shareholders' Information Schedule:
- 1a, "New York taxes imposed"
- 111, "Grade number 6"
- 112, "Covid-19 capital cost"
- 113, "Additional restaurant return"
- 114, "Other tax credits"
- Corporation Packages:
- The following items have been added to NY Form NYC-2, Business Corporation
Tax Return:
- Line 20, "Are you subject to tax solely as a result of deriving receipts
in New York City?"
- Section "Revocation of the Commonly Owned Group Election"
Oklahoma Update 4
- Individual Package:
- The tax rate has been adjusted for individuals with a lower taxable
income for the current year.
Oregon Update 3
- Individual Package:
- The following lines on OR screen A now function as expected:
- Line 12, "Mortgage interest and points reported on Federal form 1098"
- Line 13, "Mortgage interest not reported on Federal form 1098"
- e-File has been deactivated for Form SP-2022, Combined Tax Return For
Individuals Multnomah County Business Income Tax City of Portland
Business License Tax. e-File will be reactivated when Form SP-2022
is approved.
- Individual and Partnership Packages:
- An update prevents reject "DRKPARSE" on element "ZIPCd."
Tennessee Update 1
- Individual, Corporation, S Corporation, and Partnership Packages:
-
The following forms have been approved and are now available for
printing:
- Schedule BP, Franchise and Excise Brownfield Property Credit
- Schedule QP, Franchise and Excise Qualified Production Credit
- TN screen 170 now functions as expected.
Utah Update 1
- S Corporation and Partnership Packages:
- Amounts entered on UT screen DIST for credit code "AP - Pass-through
Entity Taxpayer Income Tax Credit" are now distributed to all
Schedules K-1 for all shareholders or partners.
- Amounts can now be entered on UT screen K1 for credit code "AP." If
amounts are entered on both UT screen DIST and K1, the amounts on
screen K1 will be prioritized, and Return Note 26 will be generated
as a reminder that data was entered in both places.
- Return Note 35 has been added to the program to remind preparers to
inform shareholders and partners that they have to report the amount
of "AP" credit on their individual return as a credit and as an
addition to income on Form TC-40A, Income Tax Supplemental Schedule.
Vermont Update 4
- Individual Package:
- An update prevents reject "DRKPARSE" on element "FormIN111" when the
amount of use tax is equal to "0" (zero).
- An update prevents reject "DRKPARSE" on element "Sch112EIC."
- The program no longer closes unexpectedly when calculating certain
returns with data related to the Military Spouse Residency Relief
Act (MSRRA).
- EF Message 0013 is now produced only when applicable.
- Fiduciary Package:
- Fiduciary returns have been approved and activated for e-file.