New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

General Information

Return or extension to calculate

Indicate which return or extension you want to generate.

Elect gift splitting

Enter X to split all gifts given by the donor and spouse. Gifts split equally unless you enter X in the Exclude from gift splitting field on Screen Gift or Screen G529. Gifts made from one spouse to the other cannot split. If a marital change occurred in the calendar year, only gifts made while married can be split.

Proforma all gift information to next year

Enter X to proforma gift information from Screens Gifts and G529 to next year. You can use this field for returns in which the donor gives the same gifts each year. If you leave this field blank, gift information does not proforma from Screen Gift and Screen G59 to next year.

IRS may discuss return with preparer

If you leave this field blank, the boxes in the signature section of Form 709 will be blank. If you want all new clients to default to 1 or 2, choose Setup > 709 Gift Tax. Click the New Client Options button and select Yes or No for the Taxing authority may discuss return with preparer (Screen 709) field.

Special processing

Enter IRS special processing information. The information you enter displays at the top of the return you are filing.

Donor Information

Citizenship, if other than United States of America

Only enter the country of citizenship if the country is not the U.S.

Date of death if donor died during the current year

UltraTax CS uses this date and entries on Screen PayPen to calculate the due date of the return. If you enter the date of death for a married donor, the Donor and spouse marital status, if not married all year and Date marital status changed in current year fields in the Spouse Information section update automatically.

Daytime telephone number

This phone number displays on Form 2848, Form 8821, and Form 8822.

Spouse Information

Donor and spouse marital status, if not married all year

Select the applicable code for the marital status change, and enter the Date marital status changed in current year. If the donor is divorced and you only want to proforma the spouse next year, enter X in the If divorced, proforma spouse as donor next year field. If a return proformas after a taxpayer’s death, that taxpayer’s data is omitted.

Computation of Generation-Skipping Transfer Tax

Exemption allocated to transfers not shown on this return

To allocate the GST exemption to transfers made in prior years, enter information in the applicable statement dialog for this field.

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