UltraTax CS
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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.
Use this tab to enter setup information for the UltraTax CS 5500 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 5500-specific information.
To open this tab, choose Setup > 5500 Benefit Plans.
Note: Depending on your security configuration, you might be prompted to enter the master password before you can open any entity type's tab.
Document format group box
Separate pages for Transmittal Letter and Filing Instructions
Click this option to have UltraTax CS print a transmittal letter for each client and separate filing instructions for each return. Note that this option is marked by default.
Note: To combine the transmittal letter and filing instructions into one document in letter format, click the Combine Transmittal Letter and Filing Instructions in letter format option.
Combine Transmittal Letter and Filing Instructions in letter format
By default, UltraTax CS prints a transmittal letter for each client and separate filing instructions for each return. To combine the transmittal letter and filing instructions into one document in letter format, click this option.
Note: If you click this option, the Filing Instructions button is disabled because the filing instructions are included in the transmittal letter. Click the Letters & Emails button to view or edit the filing instructions contained in the letter.
Additional information group box
New Client Options button
Click this button to open the New Client Options dialog in which you can set options that will apply to all 5500 clients subsequently added to this application.
Other Return Options button
Click this button to open the Other Return Options dialog in which you can set various general and return presentation options and enter information to prepare the consent to disclosure and/or use tax return information for all 5500 clients.
Documents group box
Letters & Emails button
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. This dialog also includes the Summary Annual Reports, Annual Funding Notices, and the engagement letter for 5500.
Filing Instructions button
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 not available 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.
Invoice button
Click this button to open the Invoices dialog or the Invoice Pricing dialog. From the Invoices dialog, you can open the Document Editing window. In this window, you can create up to five additional invoices for each product, edit the invoice provided with this product, and choose invoice formatting options. In the Invoice Pricing dialog, you can enter the amount to charge per form or item for this product.
Note: To override the collation set in the Return Collation dialog on a client-by-client basis, choose View > View/Customize Invoice.
Tax Elections button
Click this button to open the Elections dialog from which you can open the Document Editing window. In this window, you can edit the tax elections provided with this application or add additional elections.
Slipsheets button
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
Input Screens button
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 Returns, click the Input Screens option, and then click the Options button.
Tax Return button
Click this button to open the Return Collation dialog in which you can change the default print collations for 5500 returns processed with this product.
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
Watch Fields button
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 using the dialog opened by this button. To add new watch fields, right-click the desired field in Form view and choose Watch Field from the context menu.
Client Complexity button
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 products 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 5500 in the General folder.
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