CS Professional Suite & Onvio

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UltraTax CS

2018 Year-End and Productivity Update Training: UltraTax CS PLUS Gear Up Business Tax Update

Level: Intermediate

This is a combined full day course with UltraTax CS and Checkpoint Learning coming together for a special Year End Update. The morning session is designed for new and existing users with a working knowledge of UltraTax CS. This portion highlights the new 2018 features, as well as existing innovative tools and functions within UltraTax CS. In the afternoon session, we will cover important changes due to the Tax Cuts and Jobs Act (TCJA) tax reform legislation. You will learn about the data collected and used for Form 1120, 1120S, and 1065 entities. Understanding the important information required to correctly calculate IRC 199A, entertainment, the elections required of the new consolidated partnership rules, and other changes will be reviewed.

For users who are new to UltraTax CS, prerequisites include the UltraTax/1040 Essentials 1 and UltraTax/1120 & 1065 Essentials 1 courses.

*This course qualifies for 8 CPE credit hours in the Taxes – Technical field of study

Lunch will be served from 12:15-1:00PM

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Course Objectives:

  • Understanding provisions of TCJA calculations for tax year 2018 in UltraTax CS
  • Reviewing new worksheets for Qualified Business Income Deduction Calculation
  • Using the new quick print functionality for multi-page forms
  • Discover how Toolbox CS can save time, using financial calculators and tax flowcharts
  • Understanding how IRC 199A affects tax return calculations
  • Reviewing allowed meals and entertainment expenses according to new guidelines

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