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.
Setup procedures
- Setting options for all 1040 clients
- Setting options for new 1040 clients
- Entering marginal oil production percentage depletion rates
Processing returns
Amended returns
- Completing Form 1040X
- Adding for removing dependents on an amended return
- Amending a return that has already been amended
- Amending returns for merged or Domestic Partner clients
- Manually adjusting original information amounts for Form 1040X
- Printing 1040X and amended filing instructions
- Removing an amended return
Dual-status and nonresident returns
Multi-state returns
- Processing multiple-state returns
- Entering state allocation data for 1040 state returns
- Printing state allocation information reports
- Deleting state allocation information
Other procedures
Estimates
- Applying a refund to second or later estimates
- Applying a portion of an overpayment to next year's estimated tax when no estimated tax is due
- Generating estimate vouchers that fit IRS envelopes
- Generating separate estimated payments for taxpayer and spouse
- Paying estimates via credit or debit card
- Printing 1040 estimate instructions with only the estimated payment amounts that have a balance due
- Printing estimate vouchers
- Printing "Paid" on 1040 estimate instructions
- Printing scannable vouchers
Extensions
- Preparing 1040 extensions
- Preparing 1040 federal extensions for electronic filing
- Creating batch 1040 electronic extensions
- Including estimated tax penalties in the balance due on extensions
Foreign tax credits and earned income
- Enter foreign taxes paid on dividends
- Prepare Form 1116 with Form 2555
- Foreign interest and dividend data entry
- Entering U.S. days (bona fide residence test) and travel information (physical presence test) for Form 2555
Home offices
- Entering home office information
- Entering a disposition of a personal residence which includes a home office
- Entering multiple home office
Minister wages and church employee income
- Entering minister wages and housing allowance information subject to self-employment tax
- Entering unused housing allowance income
- Entering church employee wages subject to self-employment tax
- Retired ministers and housing allowance
Net operating losses
- Using UltraTax CS to carry back a net operating loss
- Using UltraTax CS to carry back a net section 1256 contracts loss
- Using UltraTax CS to carry back a used general business credit
Retirement accounts
- Converting a traditional IRA to a Roth IRA
- Entering IRA recharacterizations
- Entering Roth distributions
- Entering Roth IRA distributions, conversions, or recharacterizations
- Enter a nondeductible contribution to a traditional IRA
- Enter distribution from an IRA that was rolled over into another IRA
Other
- Optimizing education expenses
- Enter expenses for an undergraduate student who became a graduate student during the tax year
- Entering 1099-C information for property that was abandoned and foreclosed on in the same year
- Using the Family Transfer Utility to transfer data between returns
- Using the Filing Status Optimization utility
- Merging individual clients for married filing joint and domestic partnership returns
- Using the Excel Export / Import utility for multi-state allocation information
- Entering auto expenses
Electronic filing procedures
- Submitting preliminary applications with the IRS and (if applicable) Refund Advantage/TFS Financial (1040 only) for electronic returns
- Configuring UltraTax CS for electronic returns
- Using UltraTax/1040 with Refund Advantage/TFS Financial bank products
- Using the PIN Program for 1040 returns
- Auto-generating the signature date and taxpayer(s) PIN for electronic 1040 returns
- Entering data for electronic returns
- Creating the electronic file and correcting errors
- Preparing 1040 federal extensions for electronic filing
- Transmitting electronic returns to the IRS
- Submitting required paper forms to the IRS
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