1120 Federal tab

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.

Use this tab to enter interest rates and setup information for the UltraTax/1120 federal product. From this dialog, you can also open other windows and dialogs in which you can modify default client documents, set invoice prices, modify the default print conditions for input screens and returns, and enter more 1120-specific information.

To open this tab, choose Setup > 1120 Corporation and click the Federal tab.

Note: Depending on your security configuration, you might be prompted to enter the master password before you can open any entity type's tab.

Fields & buttons

The rates known at the time of shipment are displayed. To change the rate for any of the displayed periods, click the appropriate field and enter the new rate as a whole number. For example, enter 5 for 5 percent.

Document format group box

Click this option to have UltraTax CS print a transmittal letter for each client and separate filing instructions for each federal and state return. Note that this option is marked by default.

Notes

  • To print a separate transmittal letter, but combine the federal and state filing instructions, click the Separate Transmittal Letter, but combine federal and state Filing Instructions option.
  • To combine the transmittal letter and all filing instructions (federal and state) into one document in letter format, click the Combine Transmittal Letter and Filing Instruction in letter format option.

By default, UltraTax CS prints a transmittal letter for each client and separate filing instructions for each federal and state return. Click this option to have UltraTax CS print a separate transmittal letter for each client but combine the federal and state filing instructions into one document in letter format.

Notes

  • If you mark this checkbox, the Filing Instructions button in all state tabs is replaced with an Instructions Insert button, which you can click to view or edit the state's filing instructions.
  • The state filing instructions are included with the federal filing instructions at print time but are represented only by a {State Instructions Insert} variable when you click the Filing Instructions button in the Federal tab. You must use the Instructions Insert button in the state tab to view or edit the state instructions before printing.

By default, UltraTax CS prints a transmittal letter for each client and separate filing instructions for each federal and state return. To combine the transmittal letter and all filing instructions (federal and state) into one document in letter format, click this option.

Notes

  • If you click this option, the Filing Instructions button in the Federal tab is disabled because the federal filing instructions are included in the transmittal letter. Click the Letters & Emails button to view or edit the federal filing instructions that are contained in the letter.
  • If you click this option, the Filing Instructions button in all state tabs is replaced with a Letter Insert button, which you can click to view or edit the state's filing instructions.
  • The state filing instructions are included in the combined transmittal letter at print time but are represented only by a {State Instructions Insert} variable when you click the Letters & Emails button in the Federal tab. You must use the Letter Insert button in the state tab to view or edit the state instructions before printing.

Documents group box

Click this button to open the Letters & Emails dialog from which you can open the Document Editing window. In this window, you can add up to five new transmittal letters, or edit the transmittal letters provided with this product. You can also edit the email greetings listed in the Email tab.

Click this button to open the Filing Instructions dialog from which you can open the Document Editing window. In this window, you can edit the filing instructions provided with this product.

Notes

  • This button is disabled if you selected the Combine Transmittal Letter and Filing Instructions in letter format option in the Document format group box on the Product Information tab.
  • You cannot create new filing instructions, but you can modify the ones provided with UltraTax CS.

Click this button to open either the Invoices or Invoice Pricing dialog. Use the Invoices dialog to open the Document Editing window. In this window, you can create up to five additional invoices for each product, edit the invoice provided with this product, and choose invoice formatting options. Use the Invoice Pricing dialog to enter the amount to charge per form or item for this product.

Note: To override the prices set in the Invoice Pricing dialog on a client-by-client basis, choose View > View/Customize Invoice.

Click this button to open the Elections dialog from which you can open the Document Editing window. In this window, you can edit the tax elections provided with this product or add additional elections.

Click this button to open the Slipsheets dialog from which you can open the Document Editing window. In this window, you can edit the slipsheets provided with this product.

Additional information group box

Click this button to open the New Client Options dialog in which you can set estimates and other options that will apply to all 1120 clients subsequently added to the program.

Note: For clients whose data was converted from another tax program, the options set in the New Client Options dialog when you first open the client will apply.

Click this button to open the Other Return Options dialog in which you can set return presentation and other options for all 1120 clients.

Collation group box

Click this button to open either the Input Screen Printing or Data Entry Display dialog. You can use the Input Screen Printing dialog to change the default print conditions of this product's input screens, and the Data Entry Display dialog to configure the order and visibility of input screens and folders for a specific entity.

Note: To override the collation set in the Input Screen Collation dialog on a client-by-client basis, choose File > Print Input Screens and click the Options button.

Click this button to open the Return Collation dialog in which you can change the default print collations for returns processed with this product or for the Client Organizer package.

Note: To override the collation set in the Return Collation dialog on a client-by-client basis, choose File > Print Returns, and click the Options button.

Other group box

Click this button to open the Watch Fields dialog, which you can use to modify or remove existing watch fields or their descriptions. You can also restore the default watch fields and descriptions using the Watch Fields dialog.

Note: You cannot add new watch fields using the dialog opened by this button. To add new watch fields, right-click the desired field in form view and choose Watch Field from the context menu.

Click this button to open the Client Complexity dialog to modify the default complexity values for all clients for the installed returns and product and the federal input screens. You may also use this dialog to restore the default complexity values or print a report of the entered complexity values.

Note: You can define a client-specific complexity value to be added to the calculated value based on amounts that you set in the Client Complexity dialog or override the calculated complexity value on a client-by-client basis on Screen 1120 in the General folder.


Related topic: Product Information dialog

Share This