Processing 706 federal returns

Alerts and notices

This topic provides general information about the 706 federal return processing guidelines.

UltraTax CS allows the creation of multiple copies of the same input screen. When more than one input screen is used, each copy is referred to as a "unit." The following table lists the multiple-unit input screens and the maximum number of units available for each screen for UltraTax/706. These maximums are the number of units possible up to the per-return limit of 5,000 input screens.

For information about accessing multiple-unit input screens, see Multiple-unit input screens.

Multiple-unit input screen Number of units possible
Screen Asset, Asset Information 5,000
Screen Bene, Beneficiary Allocation Ratios 5,000
Screen CE, Foreign Death Tax Payments 999
Screen Names, Identify Spouse, Beneficiary, Executor, Representative 5,000
Screen P, Foreign Death Tax Credit 999
Screen PC, Protective Claim for Refund 999
Screen Q, Transferor Information 999

The following states are available for UltraTax/706.

California Connecticut
Delaware Illinois
Maine Maryland
Massachusetts Minnesota
New Jersey New York
Oregon Pennsylvania
Rhode Island

The following list outlines the capacities of UltraTax/706.

  • Handles dollar amounts ranging from -$999,999,999 to $999,999,999.
  • Allows up to 5,000 units of each multiple-unit input screen.
  • Dynamically allocates client data as needed to minimize disk space requirements.
  • Accommodates 30,000 active clients at the same time.
  • Allows up to 65,500 statement dialogs.

Use the following screens to complete the following returns.

Return Screen
706 706, Asset, A1, Cert, A-L, Gifts, M&O, Names, Bene, OthInfo, P, PayExt, PC, POA, POA-2, Q, R, R1, U
706-A 706, 706A, Asset, PayExt, POA, POA-2
706-CE 706, CE
706-NA 706, Asset, A1, A-L, M&O, PayExt, POA, POA-2, Q, R, R1, NA
4768 706, PayExt

Use the statement dialog for the Description field on Screen Asset. There are two major advantages when you enter property descriptions in one statement dialog. First, you can edit descriptions by inserting and deleting text. Second, you can reassign assets entered on the screen to different schedules as necessary without having to re-enter asset information.

See Entering and editing property descriptions for more information.