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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 the state tabs in the Shareholder Information window to enter state-specific information for shareholders. State tabs appear only if you have added states to the return.

To update a shareholder's state-specific information, click that shareholder in the Shareholder Information window, and then click the appropriate state tab.

Fields & buttons

Montana information group box

If the shareholder is a nonresident, enter a code from the following table or select the code from the drop-down list to indicate the type of nonresident filing to be made by the shareholder. If the shareholder is a nonresident, UltraTax CS defaults to calculating withholding on Form CLT-4S, Schedule III for the shareholder.

Code Description
1

Withholding (default)

This is the default filing for nonresident shareholder when a code is not selected from the drop-down list. Select this option to indicate the shareholder is subject to withholding on Form CLT-4S, Schedule III.
2

Composite filer

Select this option to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form CLT-4S, Schedule IV for participating nonresident shareholders.
3

Exempt from withholding and tax agreement on file

Select this option to indicate the shareholder agreement is already on file. UltraTax CS does not completes Form PT-AGR for this shareholder.
4

Exempt from withholding and tax agreement required

Select this option to indicate an agreement is required for the nonresident shareholder. UltraTax CS completes Form PT-AGR.
5

Revoke tax agreement and withhold tax

Select this option to revoke the shareholder agreement and indicate the shareholder is subject to the withholding on Form CLT-4S, Schedule III.
6

Revoke tax agreement and composite filer

Select this option to revoke the shareholder agreement and indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form CLT-4S, Schedule IV for participating nonresident shareholders.

Enter a date if the corporation filed a Nonresident Income Tax Agreement in prior years and is not filing a composite return of behalf of a nonresident shareholder. When you enter a date, UltraTax CS enters the date on Form CLT-4S, Schedule III, column G.

UltraTax CS provides this statement dialog for supplemental information specific to each shareholder. Use this statement dialog for items that are not pro-rata. If you have pro-rata items that need to be reported to each shareholder, use Section A in Screen MTKSep. UltraTax CS prints the information you enter in this statement dialog in the Schedule K-1 statement for Part 5, Other information.

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