2023.01.28 - Drake22 Updates



2023.01.28 - Drake22 Updates

 

Alabama Update 3

  • An update prevents AL rejects "AL40-1000" and "AL40NR-1000."

General State Programming 5

  • Colorado:
    • Corporation Package:
      • CO Form 106K, Colorado K1, has been added to Setup > Pricing.
  • District of Columbia:
    • Individual Package:
      • The DC EITC Refund Distribution Calculator (DCEICCAL) has been removed from Setup > Pricing.
  • Illinois:
    • Corporation, S Corporation, Partnership, and Fiduciary Packages: 
    • The tax year has been removed from the name and description of IL payment vouchers in Setup > Pricing.
  • Iowa:
    • Fiduciary Package:
      • The following IA forms have been added to Setup > Pricing:
        • Schedule D (Form IA 1041), Explanation of Expenses 
        • Schedule K-1 (Form IA 1041), Beneficiary's share of Income, Deductions, Credits, etc. (replaced IA WK_K1)
  • Kansas:
    • S Corporation and Partnership Packages: 
      • KS Form K-120V, Corporate Income Tax Voucher, has been added to the program.
  • Missouri:
    • S Corporation and Partnership Packages:
      • The following MO forms have been added to Setup > Pricing: 
        • MO-MS PTE, PTE Allocation and Apportionment of Income 
        • MO-PTE, Pass-Through Entity, pages 3-4
        • MO-PTEAP, Pass Through Entity Anticipated Tax Payment Voucher, pages 2-4 
        • MO-PTEV, Pass Through Entity Payment Voucher,
  • North Carolina:
    • Partnership Package:
      • NC Form NC 40PTE, Taxed Partnership Estimated Income Tax, has been added to Setup > Pricing.
    • S Corporation Package: 
      • NC Form NC429PTE, Taxed S-Corporation Estimated Income Tax, has been added to Setup > Pricing.
  • Ohio:
    • Individual Package: 
      • OH CCA RFD, CCA Application for Refund (page 2), has been added to Setup > Pricing.
    • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages: 
      • The following OH cities have been added to applicable data entry fields:
        • Chickasaw 
        • Fayetteville 
        • Lockington 
        • Nashville 
        • Rutland 
        • Shalersville JEDD 
        • Sylvania JEDD 
        • North Pickaway County JEDD has been removed from applicable data entry fields.
  • Rhode Island:
    • Fiduciary Package:
      • The RI Explanation of Changes to Income, Deductions and Credits ( RIAMD) has been added to Setup > Pricing.
  • Virginia:
    • Individual Package: 
      • Page 3 of VA Form 760C, Underpayment of Virginia Estimated Tax by Individuals, Estates, and Trusts, has been added to Setup > Pricing.
  • West Virginia:
    • Individual Package:
      • WV Schedules H & E, Certification for Permanent and Total Disability and Credit for Income Tax Paid to Another State, has been discontinued and split into two separate Schedules:
      • Schedule H, Certification for Permanent and Total Disability, and Schedule E, Credit For Income Tax Paid to Another State.
    • As such: 
      • WV Schedules H & E has been removed from Setup > Pricing and has been replaced with WV Schedule H. 
      • WV Schedule E has been added to Setup > Pricing.

Delaware Update 4

    • Corporation and Fiduciary Packages:
      • DE corporation and fiduciary returns have been approved and are now available for e-file.

    Kentucky Update 4

      • Corporation and Fiduciary Packages:
        • KY Schedule NOL, Net Operating Loss Schedule, has been updated to the latest version.

      Maryland Update 3

        • S Corporation and Partnership Packages:
          • Schedule A of Form 510, Pass-Through Entity Income Tax Return, has been updated to the latest version.
          • Schedule A of Form 511, Pass-Through Entity Election Income Tax Return, has been updated to the latest version.
        • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
          • 2D barcodes have been updated to the latest version.
        • Corporation, S Corporation, and Partnership Packages:
          • The following documents are now produced when applicable:
            • Annual Report (Form 1) - Form 1, Business Personal Property Tax Return
        • Individual Package:
          • Standard and itemized deductions for self-employed taxpayers have been updated for Form 502, Resident Income Tax Return, resolving reject "Form502-01450-011."

        Michigan Update 5

          • Individual Package
            • An update prevents reject "DRKPARSE" on element "Form5792" pertaining to Form 5792, First-Time Home Buyer Savings Program. 
            • An update prevents reject "DRKPARSE" on element "FlowThroughEntityCredit" pertaining to line 29, "Credit for allocated share of tax paid by an electing flow-through entity," of Form MI-1040, Individual Income Tax Return.

          Montana Update 5

            • Individual Package:
              • An update resolves reject "DRKPARSE" on element "FormMTForm2" when the option "Print short version of Elderly Homeowner/Renter Credit Schedule with Form 2 pages 1, 2, 10 and 11" is selected on MT screen EC.

            North Carolina Update 3

              • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
                • A "Taxed S-Corporation" check box has been added to NC screen SK1.
              • Partnership Package:
                • An update resolves reject "DRKPARSE" on element "InterestUnderpayEstIncomeTax" when filing NC Form D-403, Partnership Income Tax Return.
              • S Corporation Package:
                • "0%" is now produced on line 9, "N.C. Apportionment Factor," Schedule O, of NC Form CD-401S, S Corporation Tax Return, when "0" (zero) is present in column 2, "Total Everywhere."
              • Individual Package: 
                • NC adjustments are now excluded from line 1, "Total income from all sources...," of NC Form D-400TC, Individual Income Tax Credits.
              • Individual and S Corporation Packages:
                • Form CD-429 PTE, Taxed S Corporation Estimated Income Tax, has been approved and is now available for printing. 
                • 2023 tax rates have been updated on the Worksheet for Computation of N.C. Estimated Income Tax (NCES_WK).

              New Mexico Update 1

                • Individual Package:
                  • The medical mileage rate has been updated for line 16, "Medical care expense deduction," of Form PIT-1, New Mexico Personal Income Tax Return.
                  • The calculation for line 12, "Exemptions for persons age 65 or older, or blind," of Form PIT-ADJ, New Mexico Schedule of Additions, Deductions, and Exemptions, has been updated.
                  • The calculation for line 8, "Interest received on U.S. government obligations," of Form PIT-ADJ, New Mexico Schedule of Additions, Deductions, and Exemptions, has been updated.
                • Fiduciary Package: 
                  • Line 8, "Exemption for net income subject to the entity level tax, " has been added to NM screen 2. Data entered in this field flows to line 8 in the "Deductions from Federal Income for Fiduciary" section of Form FID-1, New Mexico Fiduciary Income Tax Return.
                  • Form FID-1, New Mexico Fiduciary Income Tax Return, has been updated to the latest version.
                • S Corporation Package: 
                  • Line 5, "Exemption for net income subject to the Entity Level Tax, " has been added to NM screen C. Data entered in this field flows to line 5 of Form CIT-A, New Mexico Apportioned Income for Multistate Corporations. 
                  • Form CIT-A, New Mexico Apportioned Income for Multistate Corporations, has been updated to the latest version.
                • Corporation Package:
                  • Line 18, "Exemption for net income subject to the Entity Level Tax reported on NM PTW-41367," has been added to NM screen 2. Data entered in this field flows to line 18 of Form CIT-1, New Mexico Corporate Income and Franchise Tax Return.
                  • Form CIT-1, New Mexico Corporate Income and Franchise Tax Return, has been updated to the latest version.

                New York Update 5

                  • Individual, Partnership, and Fiduciary Packages: 
                    • The following NY forms have been updated to the latest version: 
                      • IT-212, Investment Credit 
                      • IT-212-ATT, Claim for Historic Barn Rehabilitation Credit and Employment Incentive 
                    • EF Messages 0195, 0323, and 0589 will no longer be generated when the following NY forms are present in the return:
                      • IT-212, Investment Credit 
                      • IT-212-ATT, Claim for Historic Barn Rehabilitation Credit and Employment Incentive
                  • Corporation and S Corporation Packages:
                    • The NY Corporation and S Corporation packages have been approved for e-file.

                  Oregon Update 4

                    • Individual Package:
                      • e-File has been activated for OR individual returns. 
                      • Watermarks have been removed and 2D barcodes have been activated for the following forms:
                        • OR-10, Underpayment of Oregon Estimated Tax 
                        • OR-40, Oregon Individual Income Tax Return for Full-year Residents 
                        • OR-40-N, Oregon Individual Income Tax Return for Nonresidents
                        • OR-40-P, Oregon Individual Income Tax Return for Part-year Residents
                        • Schedule OR-529, Oregon College Savings Plan Direct Deposit and Account Creation Election for Individual Income Tax Filers 
                        • Schedule OR-A, Oregon Itemized Deductions
                        • Schedule OR-ADD-DEP, Oregon Individual Income Tax Return Additional Dependents
                        • Schedule OR-ASC, Oregon Adjustments for Form OR-40 Filers 
                        • Schedule OR-ASC-NP, Oregon Adjustments for Form OR-40-N and Form OR-40-P Filers
                        • Schedule OR-DRD, Oregon Dividends-Received Deduction 
                        • Schedule OR-PTE-FY, Qualified Business Income Reduced Tax Rate Schedule for Oregon Full-year Residents 
                        • Schedule OR-PTE-NR, Qualified Business Income Reduced Tax Rate Schedule for Oregon Nonresidents 
                        • Schedule OR-PTE-PY, Qualified Business Income Reduced Tax Rate Schedule for Oregon Part-year Residents 
                        • Schedule OR-WFHDC, Oregon Working Family Household and Dependent Care Credit
                        • Schedule OR-WFHDC-ST, Oregon Working Family Household and Dependent Care Credit for Students
                        • The filing status "QW - Qualifying Widow(er)" has been updated to "QSS- Qualifying Surviving Spouse" on OR screen COMP.

                    South Carolina Update 1

                      • Individual Package: 
                        • The Motor Fuel Income Tax Credit can no longer be claimed when "Yes" is selected from the "Is the vehicle, for which the credit is being claimed, a travel trailer, tractor, boat, golf cart, etc...," drop list on SC screen I385.
                        • The "Composite Filer" check box has been realigned on SC Form SC1040ES, Individual Declaration of Estimated Tax.
                        • The amount on line 11, "Enter the smaller of lines 9 or 10," of SC Schedule TC-1, Drip/Trickle Irrigation Systems Credit, now flows as intended to SC Form SC1040TC, Tax Credits.
                        • The Industry Partnership Fund Credit is now limited to $500,000.
                        • Line 16, "Current year credit limit," on SC Schedule TC-62, Preceptor Credit, will now be calculated as intended.
                      • Individual and Fiduciary Packages: 
                        • The following forms have been approved:
                          • SC1040, Individual Income Tax Return
                          • SC1041-V, Fiduciary Income Tax Payment Voucher
                          • SC4868, Request for Extension of Time to File South Carolina Individual Income Tax Return 
                          • Schedule TC-3, Water Resources Credit

                      Washington Update 7

                      • Individual Package:
                        • EF Message 0005 is no longer generated when attempting to file Working Families Tax Credit Applications online after the taxpayer's federal return has been accepted.

                      West Virginia Update 1

                      • Individual Package
                        • E-file has been activated for IT-140, West Virginia Personal Income Tax Return.
                        • Added new credit, the West Virginia Jumpstart Savings Program, to the Schedule M, Modifications to Adjusted Gross Income.

                      Posted Last Year by BBartlett
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