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
Rhode Island 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 RI 1096-PT for the shareholder.
| Code |
Description |
| 1 |
Withholding (default)
This is the default filing for nonresident shareholder when a code is not selected from the drop-down list. Select this option to indicate the shareholder is subject to withholding on Form RI 1096-PT. |
| 2 |
Exempt from withholding
Select this option to indicate the shareholder is exempt from withholding. UltraTax CS does not complete Form RI 1096-PT for this shareholder. |
| 3 |
Composite filer and nonresident tax agreement required
Select this option to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form RI-1040C for participating nonresident shareholders. UltraTax CS completes the Nonresident Income Tax Agreement/Election to be Included in a Composite Return when you select this option. |
| 4 |
Composite filer and nonresident tax agreement on file
Select this option to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form RI-1040C for participating nonresident shareholders. |
Enter the nonresident shareholder's withholding for the current year if different from the calculated amount. Enter zero, if applicable. If you enter an amount in this field for any shareholder, all of the shareholders included on the withholding return must have an amount entered in this field.
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 RIKSep. UltraTax CS prints the information you enter in this statement dialog in the Rhode Island K-1 statements.
Composite return group box
Enter the spouse's Social Security number, if applicable. UltraTax CS transfers this to Form RI 1040C-NE, Rhode Island Nonresident Income Tax Agreement / Election to be Included in a Composite Return.
For nonresident shareholders not included in the composite return, enter the IRS service center where the nonresident's federal return is filed.
UltraTax CS
