Preparing Pennsylvania S Corporation consolidated income tax returns when the state and federal groups are the same

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

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.

Use this procedure to ensure the correct preparation of Pennsylvania S Corporation consolidated income tax returns if the members of the Pennsylvania group are the same as those included in the federal S Corporation consolidated group.

  1. Add Pennsylvania to the parent client, the eliminations client, and the applicable subsidiary clients. Complete all data entry for these member clients. Each member's state return should be complete and correct before proceeding to the next step.

    Note: Apportionment data entry must be completed for each member client, even if the client is 100 percent in-state. The same apportionment method must be used by the parent client and the applicable subsidiary clients. Apportionment data entry is accessed through View > Apportionment.

  2. Add Pennsylvania to the federal S Corporation consolidated client.

    Note: When adding Pennsylvania to an S Corporation consolidated federal client, the state automatically defaults to being a consolidated return.

    If the state is added as an S Corporation to a federal consolidated group, the consolidated functionality does not take place. The amounts from each member are not consolidated, and consolidated reports are not available.

  3. Review all Pennsylvania consolidated client input screens and complete any necessary remaining data entry. For each category not marked in the File > Client Properties > Advanced Properties > Options dialog, enter the necessary data in the applicable input screens.

    Note: If a category is not marked, enter the data on the applicable input screens in the consolidated client. For a list of categories and related input screens, see Categories and related Pennsylvania input screens.

    Any changes made to the File > Client Properties > Advanced Properties > Options dialog affect both the federal and state return.

  4. To change amounts entered in the Pennsylvania parent, eliminations, or subsidiary clients, go back to the original source of data entry. For instance, if you made a mistake when you entered the apportionment of the first subsidiary, close the S Corporation consolidated return and reopen the first subsidiary. Choose View > Apportionment for that client and correct the data. Close the subsidiary client and reopen the consolidated return. The correct amount is now a part of the consolidated group return.
  5. Print and review the Pennsylvania S Corporation consolidated tax return.

Share This