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 should I process a client using the state and city tax accrual option?

Answer

UltraTax CS calculates the state and city tax accrual if you enter X in the Accrue state and city tax field in Screen TaxAc1 in the Tax Accrual folder. UltraTax CS calculates the state and city tax accrual only when you print the return, preview the return, or exit data entry. Therefore, if you change any amounts before or after you calculate the state and city tax accrual, you must preview the return or exit data entry before you see the new results.

Related topic: 1120-US: Tax accrual FAQs

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