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.
Use the state tabs in the Shareholder Information window to enter state-specific information for shareholders. State tabs appear only if you have added states to the return.
To update a shareholder's state-specific information, click that shareholder in the Shareholder Information window, and then click the appropriate state tab.
Fields & buttons
Arkansas information group box
If the shareholder is a nonresident, enter a code from the following table or select the code from the drop-down list to indicate the type of nonresident filing to be made by the shareholder. If the shareholder is a nonresident, UltraTax CS defaults to calculating withholding on Form AR1099PT for the shareholder.
| Code |
Description |
| 1 |
Withholding (default)
This code is the default filing for nonresident shareholder when a code is not selected from the drop-down list. Select this code to indicate the shareholder is subject to withholding on Form AR1099PT. |
| 2 |
Exempt from withholding and affidavit on file
Select this code to indicate the shareholder is exempt from withholding and an affidavit is already on file. UltraTax CS will not complete Form AR4PT for this shareholder. |
| 3 |
Exempt from withholding and affidavit required
Select this code to indicate the shareholder is exempt from withholding and an affidavit is required for the nonresident shareholder. UltraTax CS completes Form AR4PT. |
| 4 |
Composite and withholding
Select this code to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. Select this code to indicate the shareholder is subject to withholding on Form AR1099PT. |
| 5 |
Composite filer and affidavit on file
Select this code to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS does not complete Form AR4PT for this shareholder. |
| 6 |
Composite filer and affidavit required
Select this option to indicate the corporation is filing a composite return on behalf of the nonresident shareholder and Form AR4PT is already on file. UltraTax CS completes Form AR4PT. |
| 7 |
Revoke affidavit on file
Select this option if Form AR4PT was revoked. UltraTax CS completes Form AR1099PT and Form AR941PT. |
UltraTax CS provides this statement dialog for supplemental information specific to each shareholder. Use this statement dialog for items that are not pro-rata. If you have pro-rata items that need to be reported to each shareholder, use Section A in Screen ARKSep. UltraTax CS prints the information you enter in this statement dialog in the Shareholder Worksheet statements.
Composite return group box
Enter the amount of tax withheld for the shareholder. UltraTax CS uses this amount to calculate the total payments on Form AR1000CR - Arkansas Income Tax Composite Tax Return.
Enter an amount in this field if you want to override the amount calculated by UltraTax CS for the shareholder. UltraTax CS uses this amount to calculate the amount of tax on Form AR1000CR - Arkansas Income Tax Composite Tax Return.
Withholding information group box
Enter the amount of income on which withholding is calculated. If this field is blank, UltraTax CS calculates the withholding based on the nonresident's distributive share of income.
Enter the amount of tax withheld for the nonresident shareholder. If this field is blank, UltraTax CS calculates the withholding amount on Form AR1099PT.
Enter the date the election was made. UltraTax CS uses this information to complete Form AR4PT for the shareholder. If this field is blank, UltraTax CS assumes the shareholder did not revoke an election.
UltraTax CS
