1120-US: Viewing the contents and summaries of all custom paragraphs (FAQ)

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:

Change to CS Support service hours

Our Support department is closed on [[date]]. However, limited UltraTax CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline.

Links to our most popular tax processing topics are available in the Alerts and notices section on the right side of most pages.

Question

How do I view the contents and summaries of all custom paragraphs included in UltraTax/1120?

Answer

To view the complete contents of custom paragraphs in UltraTax CS, see Customizing client documents: custom paragraphs.

The following is a summary of each custom paragraph.

No. Description Paragraph summary
1 AMT NOL C/O (TL) Reports the amount of AMT net operating loss carried over to the next year.
2 Capital Loss C/O (TL) Reports the amount of capital loss carried over to the next year.
3 Certified Mail (TL) Certified mail with postmarked receipts for proof of timely filing recommended.
4 Char Contrib C/O (TL) Reports the amount of contributions carried over to the next year.
5 Consol AMT NOL C/O (TL) Reports the amount of consolidated AMT net operating loss carried over to next year.
6 Consol Capital Loss C/O (TL) Reports the amount of consolidated capital loss carried over to next year.
7 Consol Char Contrib C/O (TL) Reports the amount of consolidated charitable contributions carried over to next year.
8 Consol NOL C/O (TL) Reports the amount of consolidated net operating loss carried over to next year.
9 Extension Amounts (TL) Extensions are extension of time to file, not to pay tax; interest / penalties may result.
10 Gen Business Credit C/O (TL) Reports the general business credit carried over to next year.
11 Mailing Envelope (TL) Enclosed are pre-addressed envelopes for mailing your returns.
12 NOL C/O (TL) Reports the amount of net operating loss carried over to next year.
13 Penalties (FI) Penalties will not be assessed if estimated tax payments are made.
14 Sec 1231 Loss C/O (TL) Reports the amount of Section 1231 loss carried over to next year.
15 Form 1128 Notification (FI) IRS will notify you if the Form 1128 request is approved or denied.
16 Form 1128 Attached to Form 2553 (FI) Form 1128 signature required when attached to Form 2553.
17 Form 8869 Notification (FI) IRS will notify you if the Form 8869 request is approved or denied.
18 Form 8283 Paragraph (FI) Form 8283 completion, signature, and filing instructions.
19 Form 2553 Attached to Form 1120S (FI) Form 2553 signature required when attached to Form 1120S.
20 Form 8716 Attached to Return (FI) Signature required on Form 8716 attached to return.
21 Extension Filed (TL) Extension filed on your behalf.
22 Private Delivery Services (TL) Information on how to send a return using a private delivery service.
23 Statement Enclosed (TL) Enclosed is an invoice for the preparation of the tax return.
24 Shareholder K-1 Enclosed (TL) Shareholder K-1 enclosed; distribute ASAP.
25 Pension Contrib (TL) Pension plan contribution due date.
26 Controlled Group Sec 179 Consent (FI) Section 179 Consent Statement Worksheet signature required.
27 Privacy Policy (TL) Privacy of client information.
28 Estimated Tax Payments (A) (FI) Reminders for the estimated federal tax payments will not be sent.
29 Estimated Tax Payments (B) (FI) Reminders for the estimated federal tax payments 2, 3, and 4 will be sent.
30 Tax Return History Report (TL) Tax Return History Report is included within tax return.
31 Status of Estimate (FI) Your estimated tax payments should be reviewed on a quarterly basis to avoid an underpayment situation.
32 Section 179 C/O (TL) Reports the amount of Section 179 carried over to next year.
33 Elec Funds Withdrawal (TL) Instructions on how to revoke an electronic funds withdrawal payment.
34 Contribution Support (TL) Written substantiation for any contribution of $250 or more.
35 Foreign Tax Credit C/O (TL) Reports the amount of foreign tax credit carried over to next year.
36 Foreign Tax Cr AMT C/O (TL) Reports the amount of AMT foreign tax credit carried over to next year.
37 Sign Form 1122 (FI) Form 1122 signature required.
38 Sign Schedule Q (DISC) (FI) Signature required on Schedule Q (Form 1120-IC-DISC).
39 Disclaimer (TL) Disclaimer for tax advice provided in practitioners communications.
40 Sign Section 953(c)(3)(C) Election (FI) Signature required on Section 953(c)(3)(C) election statement attached to Form 1120-PC.
41 Sign Section 953(d) Election (FI) Signature required on Section 953(d) election statement attached to Form 1120-PC.
42 Shareholder Basis Disclosure Shareholder basis information may not include total basis in the S Corporation.
43-79 Not applicable These paragraph numbers are intentionally omitted.
80 PR:Certified Mail (TL) Certified mail with postmarked receipts for proof of timely filing recommended. If filing the Puerto Rico return, you can print this paragraph in Spanish.
81 PR:Privacy Policy (TL) Privacy of client information. If filing the Puerto Rico return, you can print this paragraph in Spanish.
82 PR:Statement Enclosed (TL) Enclosed is an invoice for the preparation of the tax return. If filing the Puerto Rico return, you can print this paragraph in Spanish.
83 PR:Mailing Envelope (TL) Enclosed are pre-addressed envelopes for mailing your returns. If filing the Puerto Rico return, you can print this paragraph in Spanish.
84 PR Disclaimer (TL) Disclaimer for tax advice provided in practitioner's communications. If filing the Puerto Rico return, you can print this paragraph in Spanish.

Related topic: 1120-US: Custom paragraphs FAQs

Share This