5500-US: Changing plan types FAQ

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MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to access the electronic filing transmission feature in CS Connect.

Thomson Reuters is committed to proactively evolving our security features to help you protect your firm and your clients' data. For more information about multi-factor authentication, see Multi-factor authentication overview.

In a year that the number of participants in a benefit plan exceeds 100 participants or is reduced to below 100 participants, the type of plan changes.

To change from a large plan to a small plan, or vice versa, do the following:

  1. Proforma the client's data from the previous year.
  2. Open Screen 5500 in the General folder.
  3. Select L or S from the Type of return to calculate drop-down list, depending on the type of plan. UltraTax CS prints various schedules and issues the appropriate diagnostic messages based on this selection.

    Note: If this field is blank, UltraTax CS defaults to a small plan.

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