706 Federal tab

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MFA required for electronic filing

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 tab to enter interest rates and setup information for the UltraTax/706 federal application. 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 application-specific information.

To open this tab, choose Setup > 706 Estate Tax and click the Federal tab.

Notes

  • Depending on your security configuration, you might be prompted to enter the master password before you can open any entity type's tab.
  • If you change the rate in any of the federal tabs, the rate changes for all federal applications.

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 11 for 11 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 combine the transmittal letter and all filing instructions (federal and state) into one document in letter format, click the Combine Transmittal Letter and Filing Instructions in letter format option.
  • 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.

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 click this option, 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 in the combined 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. Click this option to have UltraTax CS combine the transmittal letter and all filing instructions (federal and state) into one document in letter format.

Notes

  • If you click this option, the Filing Instructions button in the Federal tab is disabled because the federal filing instructions will be included in the transmittal letter. Click the Letters & Emails button to view or edit the federal filing instructions that are contained within 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.

Additional information group box

Click this button to open the New Client Options dialog in which you can set options that apply to all 706 clients subsequently added to the application.

Click this button to open the Other Return Options dialog in which you can set return presentation and other options, and enter information to prepare consent to disclosure and/or use tax return information for all 706 clients.

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 application.

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 application.

Notes

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

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

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 add 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 application.

Collation group box

Click this button to open either the Input Screen Printing dialog or the Data Entry Display dialog. You can use the Input Screen Printing dialog to change the default print conditions of this application'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 Printing 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 application.

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 Extension dialog in which you can enter a reason for the extension of time to file to print on Form 4768.

Notes

  • The reason entered in the Extension dialog prints on all Form 4768 extensions (except when applying for a Form 706 automatic six-month extension) unless you enter an alternative reason in the statement dialog for the Extension of time to file: Alternate reason for extension field on Screen PayExt in the Payments & Credits folder for a particular client.
  • If you leave the Extension dialog blank and do not enter a reason in the Extension of time to file: Alternate reason for extension field on Screen PayExt, UltraTax CS prints the default reason, "Additional time is requested to gather information to prepare a complete and accurate return," on Form 4768, as applicable.

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 from this dialog. 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, which you can use to modify the default complexity values for all clients for the installed returns and applications and federal input screens. You can also restore the default complexity values or print a report of the entered complexity values using the Client Complexity dialog.

Note: You can define a client specific complexity value to be added to the calculated value based on amounts set in the Client Complexity dialog or override the calculated complexity value on a client-by-client basis on Screen 706 in the General folder.

Related topic

Product Information dialog

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