2024.02.14 - Drake23 Updates
Alabama Update 4
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S Corporation and Partnership Packages:
- Forms 20S, 65, PTE-C, and EPT have been approved for e-file and are
now available.
Colorado Update 2
- Individual Package:
- Individual CO returns can now be e-filed without a federal return.
- The expected amount is now calculated on line 4, "Federal Deduction
addback," of CO Form DR 0104.
-
Decimals with a place value of ten thousandths are now supported
on line 6, "PY or NR apportionment percentage," of CO screen AMT.
- EF Message 1330 has been added to the program, preventing reject
"DRKPARSE" on element "StrategicCapCrdtExpire2022."
-
Per the CO DOR, contributions to both a qualified state tuition
program and ABLE program for the same beneficiary during the tax
year are now limited per-beneficiary to $20,700 ($31,000 for
Married Filing Jointly returns).
- The expected amount is now calculated on line 16, "Total refundable
credits," of CO Form DR 0104CR.
- EF Message 0009 has been removed from the program, allowing
estimated payments to be e-filed.
-
Line references have been updated for EF Message 0134.
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The expected amount is now calculated on line 34, "State Sales
Tax Refund," of CO Form DR 0104 for full-year residents.
- Line 13 of federal Form 8812 now flows to line 4, "Federal
credit limitation," of CO Form DR 0104CN as expected.
- Federal adjusted gross income thresholds have been updated
for CO Form DR 0104CN.
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Corporation and S Corporation Packages:
- The following forms have been updated to the latest version:
- DR 0106CR
- DR 0106K
- DR 0112CR
- DR 0112X
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Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
- Additional Return Notes have been added to the program.
General Program Update 2
Iowa Update 12
-
Individual Package:
- An update prevents reject "DRKPARSE" on element "OtherAdjustments"
regarding Form IA 126.
- An update prevents reject "DRKPARSE" on element "CityNm" when
numbers are entered in the "City" field on IA screen 5.
- The Educator Expense Limits have been updated to $200 a person.
- An update prevents reject "DRKPARSE" on element "ZipCD" when
filing Form IA 1040.
- EF Message 0042 is now produced when a negative amount is present
on line 15, "Health Insurance Deduction," page 4, of Form IA 1040.
- Corporation Package:
- The intended "tax period end date" is now produced on Form IA 101.
- The watermarks have been removed from IA Tax Payment Voucher (IA TPV).
- The intended penalty is now calculated on Form IA 2220 when the
tax due is greater than $1,000.
- Individual, Corporation, S Corporation, Partnership, and Fiduciary
Packages:
- An update prevents reject "DRKPARSE" on element "PassThrough"
when filing Form IA 128.
- An update prevents reject "DRKPARSE" on element "PassThrough"
when filing Form IA 128.
- An update prevents reject "DRKPARSE" on element "PassThrough"
when filing Form IA 128.
- S Corporation, Partnership, and Fiduciary Packages:
- Form IA PTE-C specifications have been updated per recent
IA guidelines.
- S Corporation and Partnership Packages:
- Page 9 of IA Form 1065 has been added to the program.
- "Schedule C - Payments" has been added to page 6 of Form IA 1065.
- Former screen C has been updated to name Screen E for 2023.
Michigan Update 12
- Individual Package
- The intended amount is now calculated on line 19, "Total retirement
pension benefits subtraction," Section D, of MI Form 4884 when all
the following conditions are met:
- Married Filing Separately filing status
- Taxpayer or surviving spouse is under the age of 67 years old and
was born between January 2,1956, through December 31,1958.
- Taxpayer or surviving spouse did not receive SSA exempt employment,
- The intended deduction is now produced on MI Form 4884 when the
following occurs:
- "Received qualified retirement benefits earned from service...," is
selected on MI screen 1.
- Spouse is not deceased.
- Taxpayer or spouse was born after January 2, 1962.
General Program Update
Virginia Update 6
- Individual Package:
- Estimated payments now flow to line 10, "Enter the amount of any
timely payment made...," on VA Form 760C.
- An EF Message is now produced when the spouse information is missing
on Form VA760ADJ, preventing reject "DRKPARSE" on element "Spouse."
- S Corporation and Partnership Packages:
- Various help and cosmetic updates have been made to enhance
Form 502PTET.