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.

1. Choose Setup > 1120 Corporation.

   Note: Depending on your security configuration, you might be prompted to enter the master password and click OK before you can continue.

2. Click the Federal tab.
3. To set return options not shown in the 1120 Product Information dialog, click the Other Return Options button. The Other Return Options dialog opens.

   Note: The options chosen apply to all 1120 clients until you change the options again.

4. In the Return Presentation tab, specify whether to do the following:
   • complete Schedule G for Cooperative Associations under certain circumstances
   • complete Schedules L, M-1, and M-2 under certain circumstances
   • complete Schedule M-1 in lieu of Schedule M-3 under certain circumstances
   • display a zero in the balance sheet when the column is blank
   • print Form 1125-E under certain circumstances
   • print Form 8283 columns if not required
   • print the 9325 mailing address left-justified
   • print Schedule K-1 instructions when shareholder is a 1040 client
   • suppress printing of Form 1120, Page 6
   • use rental real estate as type of activity for new Rent screens
   • truncate officer SSNs on Form 1125-E
   • transfer S Corporation Schedule M-1 difference to a particular Schedule M-2 account
   • default to a particular copy of Form 8949
5. In the Proforma tab, specify client proforma options for the following:
   • custom electronic passwords from the Client Communications dialog
   • custom transmittal letter and invoice number
   • filing returns electronically
   • Form 8283 general and donee organization information
6. In the Client Documents tab, specify the following:
   • option to include a list of returns in the transmittal letter
   • whether to print "AS SOON AS POSSIBLE" in the filing instructions when applicable:
     • only if penalties and/or interest exist
     • after original due date of return
   • print engagement letter
   • option to print the tax preparer's name and address on the Form 2848 or 8821 slipsheets
   • option for the heading used on the shareholder transmittal letter and the return address on the Shareholder slipsheet
   • option to print "Paid" in the estimate filing instructions for estimates paid in full
   • option to exclude estimates paid in full from the estimate filing instructions
7. In the Other tab, specify the following:
   • print Form 7004 with the extended tax return
   • print Tax Return History charts
   • print Bank Account Verification
   • marginal oil percentage depletion rate, if different
   • maximum amount of CS Professional Suite accounting application Schedule L rounding
8. In the Consent information tab, specify the following:
   • whether to print the consent letter for all clients
   • the date the consent will expire
   • the disclosures and recipients of the taxpayer's tax information
   • the specific uses of the taxpayer's tax information
9. Click OK to accept the option settings and close the dialog, or click Cancel to close the dialog without saving your changes to the option settings.

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