5500-US: Changing plan types FAQ

Alerts and notices

Benefit plans can be large or small. Large plans have 100 members or more, small plans have 99 members or fewer. If you don't make a selection, UltraTax CS defaults to small.

To change from a large plan to a small plan, or vice versa, do the following:

  1. Proforma the client's data from the previous year.
  2. Open Screen 5500 in the General folder.
  3. Select L or S from the Type of return to calculate drop-down list, depending on the type of plan. UltraTax CS prints various schedules and issues the appropriate diagnostic messages based on this selection.

    Note: If this field is blank, UltraTax CS defaults to a small plan.