Setting other 1065 return options

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Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to transmit e-files from CS Connect. Find out more.

Use this procedure to specify other return options in UltraTax/1065.

  1. Choose Setup > 1065 Partnership.

    Note: Depending on the security configuration, a prompt to enter the master password may appear. Enter the password, and click OK before continuing.

  2. To set return options not shown in the 1065 Product Information dialog, click the Other Return Options button.

    Note: The options you choose apply to all 1065 clients until you change the options again.

  3. In the Return Presentation tab, specify the following information.
    • whether to complete Schedule M-1 in lieu of Schedule M-3, Parts II and III when total ending assets are $50 million or less
    • whether to complete Form 8283, columns (e), (f), and (g) when the columns are not required
    • whether to print FinCEN Form 114 when the form is not required
    • the alignment for the Form 9325 mailing address
    • whether to print the Schedule K-1 instructions when the partner is a 1040 client
    • whether to print estimate vouchers with a balance due payable by check
    • the default transaction type for items entered in the Detail schedule field in Screen D
  4. In the Proforma tab, specify the following information.
    • whether to proforma the File this return electronically field in Screen ELF and Screen ELFFP
    • whether to delete partners during proforma who were marked as final in the prior year version of UltraTax CS
    • whether to proforma the absolute dollar allocation schemes
    • whether to proforma the Form 8283 general and donee organization information on Screen 8283P1
    • whether to proforma the custom transmittal letter and invoice numbers in Screen Letter
    • whether to proforma custom electronic delivery passwords in Setup > Client Communications
  5. In the Client Documents tab, specify the following information.
    • whether to include a list of federal and state enclosed returns in the transmittal letter
    • whether to print the engagement letter with the client's tax return
    • options for printing "AS SOON AS POSSIBLE" in filing instructions when applicable and only if penalties and/or interest exist
    • whether to return the signed Form 2484 or 8821 to the preparer instead of the taxing authority
    • options for printing “Paid” or only including estimates with a balance due in the estimate filing instructions
  6. In the Other tab, specify the following information.
    • whether to print Form 7004 with the applicable tax returns
    • whether to print the Tax Return History Report and to select the chart options for the report
    • whether to print the Bank Account Verification with the applicable tax returns
    • whether to have UltraTax CS open the Add Partner Default dialog and/or the Transfers of Capital Accounts dialog the first time you open Partner Data Entry and the Transfers of Capital window for a new client
    • whether or not to allow Partner Data Entry to close when all allocations do not equal 100.000000%
    • the marginal oil production percentage depletion rate
    • the rounding amount for write-up retrieval
  7. In the Consent tab, specify the following information.
    • whether to print the Consent Letter for all clients with their tax returns
    • the date the consent will expire
    • specific recipients and uses of tax return information for all returns
  8. Click OK to accept the settings and close the dialog, or click Cancel to close the dialog without saving your changes to the option settings.

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