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

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Question

How do I view the contents and summaries of all custom paragraphs that are included in UltraTax/990?

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 Not applicable This paragraph number is intentionally omitted.
2 Not applicable This paragraph number is intentionally omitted.
3 Long-term Cap Loss CO (TL) Reports the amount of long-term capital loss available to the following year
4 Short-term Cap Loss CO (TL) Reports the amount of short-term capital loss available to the following year.
5 Penalties, Form 990-T (FI) Penalties will not be assessed if quarterly estimated tax payments are made.
6 Penalties, Form 990-PF (FI) Penalties will not be assessed if quarterly estimated tax payments are made.
7 Tax Return History Report (TL) Tax return history report is included within tax return.
8 Private Delivery Services (TL) Information on how to send a return using a private delivery service.
9 Certified Mail (TL) Certified mail with postmarked receipts is recommended for timely filing.
10 Mailing Envelope (TL) Enclosed are pre-addressed envelopes for mailing the return.
11 Privacy Policy (TL) Privacy of client information.
12 Not applicable This paragraph number is intentionally omitted.
13 Est Tax Pmts, 990-PF (B) (FI) Reminders for estimated tax payments 2, 3, and 4 will be sent prior to the due date.
14 Undistributed income, 990-PF (TL) Current year undistributed income required to be distributed in the next year.
15 Status of Estimate, 990PF (FI) Estimated tax payments should be reviewed on a quarterly basis to avoid an underpayment situation.
16 Not applicable This paragraph number is intentionally omitted.
17 Est Tax Pmts. 990-T (B) (FI) Reminders for estimated tax payments 2, 3, and 4 will be sent prior to the due date.
18 Extension Amounts (TL) Extensions are for time to file, not to pay tax. Interest or penalties may result.
19 Status of Estimate, 990-T (FI) Estimated tax payments should be reviewed on a quarterly basis to avoid an underpayment situation.
20 Disclaimer (TL) Disclaimer for tax advice provided in practitioner's communications.
21 IRS Phishing Email (G) Reminder that the IRS does not send out unsolicited email messages that request detailed personal information.
22 Extension Filed (TL) Extension filed on your behalf.

Related topic: Custom paragraph FAQs (990)

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