2018 UltraTax CS
New (tax) year, new help!
Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.
Question
How do I amend an S Corporation return?
Answer
To amend an S Corporation return, open Screen AmendS in the Separate Filings folder and enter X in the Transfer original information field if the original return was prepared in UltraTax CS and a reason for the amended return in the statement dialog for the Explanation of changes field. In all other applicable input screens, make the necessary changes for the amended return. UltraTax CS marks the Amended return checkbox on the 1120S return, Page 1 and the Amended K-1 box on Schedule K-1, Page 1 and then prints a statement for the reason for the amended return.
Notes
- Select the applicable state(s) from the Transfer state(s)? dialog if you are also amending the state return(s).
- If the fields in the Amounts As Previously Reported section are not completed after you enter X in the Transfer original information field, you need to preview the return before proceeding. Clear the Transfer original information field and choose File > Preview. Once you finish previewing the return, close the print preview and enter X in the Transfer original information field to transfer the information.
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