2023.09.09 - Drake22 Updates
Federal Program Update
40
1041 Program Update 33
- An override field for line 11 of Form 8978 has been added to screen 8978.
1040 Program Updates 44
- Keywords for TheTaxBook link on screen FEC have been updated.
- The interest rate for the fourth quarter of 2023 has been added to
the Interest and Penalty Calculation worksheet ("Wks Penalty" in
View/Print mode).
- An override field for line 11 of Form 8978 has been added to screen 8978.
1120 Program Update 32
- A refund is now produced on line 34 of Form 1120-C only when applicable.
- An override field for line 11 of Form 8978 has been added to screen 8978.
- Interest rates used for the computation of the underpayment penalty on
Form 2220 have been increased for the calendar quarter beginning
October 1, 2023. The rates are:
- 8% for underpayments
- 10% for large corporate underpayments
1120S Program Update 36
- The intended estimated payment due date of April 15 is now produced
on Form 2220. This update reverts changes from a patch released on
August 29, 2023, that incorrectly changed the due date to March 15.
- Interest rates used for the computation of the underpayment penalty on
Form 2220 have been increased for the calendar quarter beginning
October 1, 2023. The rates are:
- 8% for underpayments
- 10% for large corporate underpayments