This is a combined full day course with UltraTax CS and Checkpoint Learning coming together for a special Year-End Update. The morning session is designed for new and existing users with a working knowledge of UltraTax CS. This portion highlights the new 2019 features, as well as existing innovative tools and functions within UltraTax CS. In the afternoon session, we will cover important changes due to the guidance provided by IRS for the Tax Cuts and Jobs Act (TCJA) tax reform legislation. You will learn about the data collected and used for Form 1120, 1120S, and 1065 entities. Understanding the important information required to correctly calculate IRC 199A, the elections required of the new consolidated partnership rules, and other changes will be reviewed. Lunch will be provided during this full day session.
For users who are new to UltraTax CS, prerequisites include the UltraTax/1040 Essentials 1 and UltraTax/1120 & 1065 Essentials 1 courses. Target Audience: Professional Staff & Management.