UltraTax CS
Setup procedures
- For all 1040 clients
- For new 1040 clients
- Entering marginal oil production percentage depletion rates
Processing returns
Amended returns
Dual-status and nonresident returns
Multi-state returns
- Processing multiple-state returns
- Entering state allocation data for 1040 state returns
- Printing state allocation information reports
- Deleting state allocation information
Other procedures
Estimates
- Applying a refund to second or later estimates
- Applying a portion of an overpayment to next year's estimated tax when no estimated tax is due
- Generating estimate vouchers that fit IRS envelopes
- Generating separate estimated payments for taxpayer and spouse
- Paying estimates via credit or debit card
- Printing 1040 estimate instructions with only the estimated payment amounts that have a balance due
- Printing estimate vouchers
- Printing "Paid" on 1040 estimate instructions
- Printing scannable vouchers
Extensions
Foreign tax credits and earned income
- Foreign interest
- Foreign dividends
- Prepare Form 1116 with Form 2555
- Entering U.S. days (bona fide residence test) and travel information (physical presence test) for Form 2555
Home offices
- Entering home office information
- Disposition of a personal residence which includes a home office
- Multiple home offices
Minister wages and church employee income
- Minister wages and housing allowance information subject to self-employment tax
- Unused housing allowance income
- Church employee wages subject to self-employment tax
- Retired ministers and housing allowance
Carry backs
Retirement accounts
- Converting a traditional IRA to a Roth IRA
- IRA recharacterizations
- Roth distributions
- Roth IRA distributions, conversions, or recharacterizations
- Nondeductible contribution to a traditional IRA
- Distribution from an IRA that was rolled over into another IRA
Other
- Optimizing education expenses
- Undergraduate student who became a graduate student during the tax year
- 1099-C information for property that was abandoned and foreclosed on in the same year
- Family Transfer Utility
- Filing Status Optimization
- Merging individual clients for married filing joint and domestic partnership returns
- Excel Export / Import utility for multi-state allocation information
- Auto expenses
Electronic filing procedures
- Submitting preliminary applications with the IRS and (if applicable) Refund Advantage/TFS Financial (1040 only) for electronic returns
- Configuring UltraTax CS/1040 for electronic returns
- Refund Advantage/TFS Financial bank products
- PIN Program for 1040 returns
- Signature date and taxpayer(s) PIN for electronic 1040 returns
- Electronic returns
- Creating the electronic file and correcting errors
- E-filing extensions
- Transmitting electronic returns to the IRS
- Submitting required paper forms to the IRS
Was this article helpful?
Thank you for the feedback!