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Screen NYLLCElf - New York Limited Liability Company Electronic Filing (1040)

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Overview

Entry in this screen is required to create an electronic file for Form IT-204-LL. Form IT-204-LL, Limited Liability Company, Filing Fee Payment Form is required to be filed electronically per the New York tax preparer mandate. Disregarded entities must file this through UltraTax/1040-NY.
  • Form TR-579-PT is required to be signed by authorized member, ERO and tax preparer, when electronically filing the IT-204-LL.
  • There's an IT-204-LL declaration certification that all tax preparers filing Form IT-204-LL must read and certify that can be found on the NYLLCElf screen. This is also included in the Other Return Options window when you select
    Setup
    ,
    1040 Product Information
    , the
    New York
     tab, and select
    Other Return Options
     to mark this box automatically.
  • Payment of the $25 filing fee for the IT-204-LL is required to be made by electronic funds withdrawal. Banking information must be entered in the NYLLCElf screen for each individual LLC being electronically filed.

Electronic Filing Information

Use this section to enter electronic filing information.
Create electronic file for New York IT-204-LL
This field must be marked to create an electronic file for each individual unit of Form IT-204-LL.
Suppress New York IT-204-LL electronic file when filing federal / state return electronically
  • If you forced the IT-204-LL to print with an electronic file after the due date, to create the regular New York return, and the federal return electronic file, you need to enter
    X
     to suppress the IT-204-LL.
  • If the IT-204-LL electronic file was created by the due date, and the regular New York and federal return is being filed after February 29, no additional data entry is required to generate the federal and New York returns.
  • If the IT-204-LL electronic file was created by the due date and you are also ready to transmit the regular New York and federal returns prior to February 29, you need to create the electronic file for the IT-204-LL, then enter
    X
     in this field in order to create the additional New York and Federal electronic file.
  • When selecting this file to transmit through connect, it will be indicated as product 1040 NY LLC; you'll also receive a separate acknowledgement for this return.
Reason for paper filing; documentation for reasonable cause must be maintained
Use the statement window to enter the reason the New York Form IT-204-LL wasn't electronically filed. This information is for your records only. If you have reasonable cause, you must maintain documentation.
Non-US financial institution (International ACH transaction)
There are regulations affecting international electronic funds transfers processed though the automated clearing house (ACH) network. A domestic ACH transaction is a direct deposit to or withdrawal from an account in a U.S. financial institution. An international ACH transaction (IAT) is a direct deposit to an account in a U.S. bank that automatically forwards the refund to an account in a foreign financial institution, or a withdrawal from a U.S. bank account that receives the funds for that transaction from a foreign account. The account owner will know when an international transfer account has been established for them.
Enter
X
 if the account identified is used for an IAT. Because state agencies cannot process an IAT, UltraTax CS suppresses the direct deposit or electronic funds withdrawal when this field is marked. This suppression is noted in the diagnostic messages and the account information is omitted from forms, client documents, and electronic returns. State agencies are tallying how many international transactions they'll need to support in future years so the return will indicate that an IAT was requested.
Signature date if different from federal
Enter the date Form TR-579-PT is signed by the taxpayer. If this field is blank, UltraTax CS next uses the
Signature date
 field in the federal PIN screen. If both of those fields are blank, UltraTax CS defaults to the option selected in the
When Form 8879 (etc.) signature date(s) (Preparer and/or Client) are not entered
 field in
Setup
,
Office Configuration
,
Print Options
.
ERO / Preparer signature date if different from taxpayer date or federal ERO signature date
Enter the date Form TR-579-PT is signed by the electronic return originator (ERO). If this field is blank, UltraTax CS uses the date entered in the
Signature date
 field. If both fields are blank, UltraTax CS next uses the
ERO signature date, if different
 field or the
Signature date
 field in the federal PIN screen. If all of those fields are blank, UltraTax CS defaults to the option selected in the
When Form 8879 (etc.) signature date(s) (Preparer and/or Client) are not entered
 field in
Setup
,
Office Configuration
,
Print Options
.

ERO/Preparer Certification and Signature

Use this section to enter ERO / preparer certification and signature information.
I have read the certification above and agree
Per New York State Publication 96, ERO / Preparer must sign the return electronically by checking a box that indicates they have read and agreed to the declaration printed on this screen. There's an option available to automatically complete this field at
Setup
,
1040 Individual
, the
New York
 tab,
Other Return Options
.

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