Sharing data between members of a controlled group (1120)

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MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to access the electronic filing transmission feature in CS Connect.

Thomson Reuters is committed to proactively evolving our security features to help you protect your firm and your clients' data. For more information about multi-factor authentication, see Multi-factor authentication overview.

To share data between members of a controlled group, complete the following steps.

  1. Complete the tax return for each member of the controlled group. Be certain the taxpayer identification number is entered in File > Client Properties, and the Part of controlled group field in Screen 1120 is marked.
  2. Preview the tax return for all the members of the controlled group.

    Note: UltraTax CS must calculate and preview or print all members of the controlled group to share the financial data correctly.

  3. Open each member's tax returns to import financial data to Screen Ctrl-2. If there is a new member in the controlled group this year, enter the corporation's EIN in Screen Ctrl-2, and UltraTax CS will automatically import the information.

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