UltraTax CS
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.
Question
How do I view the contents and summaries of all custom paragraphs included within the tax application?
Answer
To view the complete contents of custom paragraphs, see Viewing custom paragraphs.
The following is a summary of each custom paragraph.
| Description | Paragraph summary |
|---|---|
| 1040ES Electronic Pymnts (FI) | Paying estimates using the Electronic Federal Tax Payment System (EFTPS) |
| 1310 Not Required (FI) | Instructions to attach court certificate indicating 1310 claimant is a court-appointed representative of the decedent |
| ACA Health Care | Reports the Affordable Care Act impact on the current year and projected next year tax return. |
| Capital Loss C/O (TL) | Reports the amount of capital loss carried over to next year. |
| Child's return (FI) | Signature instructions to sign "By (your signature), parent for minor child" |
| Circular 230 Disclosure (TL) | Notification that tax advice cannot be used to avoid penalties |
| Contribution C/O (TL) | Reports the amount of charitable contributions carried over to next year |
| Contribution Support (TL) | Written substantiation for contributions |
| Credit Card Payment (FI) | Instructions on how to pay taxes by credit card, by phone, and online Note: When using a combined document format, select this paragraph instead of Custom Paragraph 46 Estimates Credit Card Payment (FI). This will include credit card information in one paragraph for both the return balance due and estimates. |
| CTC Eligibility Expiration(TL) | Notifies taxpayer that a child aged out of the Child Tax Credit, resulting in smaller or no credit the following year |
| Delayed Refund | Notification that the refund generated on a return claiming the earned income credit and/or additional child tax credit are not issued prior to February 15, per IRS requirements. |
| Direct Deposit IRA (TL) | Notification to account trustee the contribution year and verify deposit was made by due date of return |
| Electronic funds withdraw (TL) | Instructions on how to revoke an electronic funds withdrawal payment |
| ESA Contributions (TL) | Education Savings Account information |
| Estimated Tax Pymts (A)(FI) | Reminders for the estimated federal tax payments will not be sent |
| Estimated Tax Pymts (B)(FI) | Reminders for the estimated federal tax payments 2, 3, and 4 will be sent |
| Estimated Tax Pymts (C)(FI) | Vouchers 2, 3, and 4 have been retained and reminders will be sent |
| Estimated Tax Pymts Change (FI) | Instructs clients to contact preparer with changes in projected income and/or deductions that may require estimates to be adjusted to avoid underpayment penalty. Note this is an enhanced version of the Status of Estimates (FI) custom paragraph. Use either this paragraph or Status of Estimates (PI), but not both. |
| Estimates Credit Card Payment (FI) | Instructions on how to pay estimated tax payments by credit card, phone, and the internet Note: This paragraph does not print when using a combined document format. Instead, select Custom Paragraph 4 Credit Card Payment (FI) to include credit card information in one paragraph for both the return balance due and estimates. |
| Extension Amounts (FI) | Extensions are extension of time to file, not to pay tax; interest / penalties may result |
| Extension Credit Card Payment (FI) | Instructions on how to pay taxes paid with an extension form by credit card, phone, and the internet |
| Extension Penalty (FI) | Reports the amount of estimated underpayment penalty included with the extension amount |
| Filing Status Optimization (TL) | Reports tax savings achieved by filing jointly or separately |
| Form 1310 (FI) | Form 1310 signature instructions |
| Form 4852 (FI) | Provides information about diligence after filing Form 4852. |
| Form 5405 (TL) | Reports repayment and recapture information regarding the Form 5405 |
| Form 8283 Paragraph (FI) | Form 8283, Part IV, Donee Acknowledgement completion, signature, and filing instructions |
| Form 8332 Paragraph (FI) | Form 8332 signature and filing instructions |
| Form 8379 (TL) | Form 8379 information |
| Form 8839 Attachments (FI) | Details the adoption-related documents that must be attached to the Form 8839. The requirements vary depending upon the nature of the adoption, and in some cases the custom paragraph refers the taxpayer to the Form 8839 Attachment Report attached to the front of the return. |
| Form 8889 Increased Limit (TL) | Notification that HSA deduction was calculated using the increased limit and additional taxes and penalties may apply if, during the next tax year, the taxpayer becomes ineligible for a health savings account |
| Form 8889 Qual Fund IRA (TL) | Notification that the taxpayer elected to take a qualified HSA funding distribution from an IRA, the election is made only once, and additional taxes and penalties may apply if the taxpayer becomes ineligible for a health savings account during the 12 months following the distribution |
| Form 9465 (FI) | Form 9465 signature and filing instructions |
| Form 9465 - Amended (FI) | Form 9465 instructions when filing with an Amended return |
| Form 14039 (FI) | Signature and document attachment instructions for Forms 14039 filed with the tax return. |
| Form Attachments (FI) | Attach required forms (W-2, W-2G, 1099, 2439) to return |
| Form W7 Documents(FI) | Provides document attachment instructions when Form W-7 Application for IRS Individual Taxpayer Identification Number (ITIN) is being filed with the return. |
| Form W7 Other information (FI) | Provides information on when to expect notification of the assigned ITIN and return of any original documents submitted with the W-7. |
| General bus cr C/O (TL) | Reports the general business credit carried over to next year |
| Health Savings Account (TL) | Reports the Health Savings Account contributions, excess contributions if applicable, 5329 tax, and balance to be deposited, including date sensitive text (pre and post due date) |
| Investment int exp C/O (TL) | Reports the investment interest expense carried over to next year |
| IRS Direct Deposit Limit (FI) | Notification that due to the IRS direct deposit limitations, either the direct deposit cannot be requested or, if forced, indicates that the direct deposit may be denied and a paper check sent instead delaying the refund. For additional information see DIR-DEP-REJ-RSN-CD #44 located in the Internal Revenue Manual, Part 21.4.1.4.8.1, Direct Deposit Reason Codes. |
| IRS Phishing Email (G) | IRS does not send unsolicited emails and instructs how to report such emails |
| Joint Bank Account (FI) | Warns if a joint refund is not direct deposited into a joint account, the direct deposit request may be rejected by the financial institution. A direct deposit denied by the bank results in a paper check and refund delays up to 10 weeks. |
| Keogh/SEP Plan Contrib (TL) | Reports the Keogh/SEP contributions to be made by the due date, including any excess contributions, if applicable |
| Mail Privacy Protection (TL) | Return should not be mailed from home mailbox |
| Mailing Envelope | Enclosed are pre-addressed envelopes for mailing your returns |
| Medical Savings Account (TL) | Reports the Medical Savings Account contributions, excess contributions if applicable, 5329 tax, and balance to be deposited, including date sensitive text (pre and post due date) |
| Next Year Underpymt Penalty (TL) | Based on projected information reports, there may be an underpayment penalty next year. Safe Harbor rules are reported using client-specific information |
| Noncash Contributions (TL) | Reports that donated clothing and household items must be in good or better used condition to qualify as a deduction, as well as adhere to substantiation requirements from the organization |
| Not applicable | |
| Postmarked Receipts (FI) | Certified mail with postmarked receipts is recommended timely filing |
| Presidential Election (FI) |
Instructs clients to mark Presidential Election Campaign boxes. Note: This works in conjunction with the Presidential election campaign fund field on Screen 1040. |
| Privacy Policy (TL) | Privacy of client information |
| Private Delivery Services (TL) | Information on how to send a return using a private delivery service |
| Refund Savings Bonds (FI) | Information about the amount of US Series I Savings bonds purchased with the tax refund |
| Refund Savings Bonds Registration (FI) | Reports the savings bonds registration information when a refund is used to purchase bonds for persons other than the taxpayer or spouse. Bond registration information includes the name of the owner, co-owner or beneficiary and the amount purchased. |
| Refund Status (TL) | Information on how to obtain a refund status from the IRS |
| Required Minimum Distribution (TL) | Provides information needed to make a required minimum distribution from a retirement account. |
| Roth IRA Contributions (TL) | Reports date and amount of Roth IRA contribution, excess contributions if applicable for the tax year, 5329 tax, and balance to be deposited including date-sensitive text (pre-April 17 and post-April 18) |
| Safeguarding Taxpayer Data (TL) | Recommends IRS Publication 4524 for steps client should take to protect data from identity theft. |
| Schedule J Tax Savings (TL) | Reports the tax saved by using the Schedule J to calculate tax due |
| Sign Section 199A Safe Harbor Stmt (FI) | Instructs the client to sign and date the required Section 199A Trade or Business Safe Harbor statement for rental real estate. For efiled returns, clients are instructed to return the signed and dated statement and indicate the return will not be filed until the signed statement has been received. |
| Signature Elections (FI) | Signature instructions for elections that contain a signature line |
| Social Security Card Name (TL) |
Confirmation that names and numbers match the Social Security card Note: This custom paragraph prints only with paper-filed returns. IRS acceptance of an electronically filed return confirms that all Social Security names and numbers within the return agree with IRS information, thus rendering this custom paragraph not applicable for electronically filed returns. |
| Statement (TL) | Enclosed is an invoice for the preparation of the tax return |
| Status of Estimates (FI) | Your estimated tax payments should be reviewed on a quarterly basis to avoid an underpayment situation. Note this is a simplified version of the Estimated Tax Pymts Change (FI) custom paragraph. Use either this paragraph or Estimated Tax Pymts Change (FI), but not both. |
| Tax History Report (TL) | Describes the information contained in the Tax History Report and how it may be used to spot trends for tax planning purposes |
| Total Next Year Est Tax Pymnt (FI) | Reports total estimate amounts when there is an overpayment applied in addition to estimated tax payments.
Note: This custom paragraph will not print when using Form 1040-ES - 2023 declaration code 4 and printing blank estimate amounts. |
| Traditional IRA Contrib (TL) | Reports the amount and date of deductible and nondeductible traditional IRA contributions, excess contributions if applicable, 5329 tax, and balance to be deposited including date-sensitive text (pre- and post-due date) |
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