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Federal input screens

Screen Cr-5 - Credits - Forms 8881, 8882, 8932, 8941, and 8994 (1065)

Form 8881 - Credit Small Emp Pension Plan Startup Costs

Enter the qualified pension plan startup costs for each activity on a separate screen. Don't enter more than $1,000 total for all activities. Form 8881 includes the sum of all units and transfers the net credit for small employer pension plan startup costs to Schedule K. The application reduces other deductions / expenses of the associating activity by the amount of credit the associating activity generated. A Schedule M-1 or Schedule M-3 reconciling adjustment generates for the total amount of the tax credit adjustment from all activities.

Form 8882 - Credit Employer-Provided Childcare Facilities

Enter the qualified expenditures paid or incurred for each activity on a separate screen. Form 8882 includes the sum of all units and transfers the net credit for employer-provided childcare facilities and services to Schedule K.
The application reduces other deductions / expenses of the associating activity by the amount of credit the associating activity generated. Enter an amount in this field, including
0
 (zero), to use a different adjustment amount. The reduction is limited to the lesser of the amount you entered in this field or the maximum credit. A Schedule M-1 or Schedule M-3 reconciling adjustment generates for the total amount of the tax credit adjustment from all activities.

Form 8932 - Credit for Employer Differential Wage Payments

Use the
CrCO-OP
 screen in the
Credits
 folder to enter credit for employer differential wage payments from cooperatives.
Enter eligible wages for each activity on a separate screen. Form 8882 includes the sum of all units and transfers the net credit for employer differential wage payments to Schedule K.
The application reduces salaries and wages / labor hired of the associating activity by the amount of credit the associating activity generated. Enter an amount in this field, including
0
 (zero), to use a different adjustment amount. The reduction is limited to the lesser of the amount you entered in this field or the maximum credit. A Schedule M-1 or Schedule M-3 reconciling adjustment generates for the total amount of the tax credit adjustment from all activities.

Form 8941 - Cr Small Employer Health Insurance Premiums

Use the
CrGen-2
 screen and the
CrCO-OP
 screen in the
Credits
 folder to enter general information such as the marketplace identifier and to enter credit for small employer health insurance premiums from cooperatives.
Enter information for the credit for each activity on a separate screen. The application sums the amounts for all units when calculating the small employer health insurance premiums credit. The credit is optimized based on hours, days, and weeks worked and the highest of the calculated credit amounts transfer to Form 8941. From Form 8941, the small employer health insurance premiums credit transfers to Schedule K and reduces the associating activity expenses by the amount of credit the associating activity generated. A Schedule M-1 or Schedule M-3 reconciling adjustment generates for the total amount of the tax credit adjustment from all activities.
Use the statement to enter the employee name (for tracking purposes only); select the type of insurance coverage; select the state and county of employment; enter the wages paid; enter the hours, days, and weeks worked; enter the percent of the total premiums the employer paid for each employee; enter the weeks enrolled in insurance coverage; and indicate if the employee is a seasonal employee. The application uses the information to automatically complete the Average Premium for Small Group column, according to the table in the Form 8941 instructions.
Use these fields to enter information if you already know the amounts to report on Form 8941. The application limits the credit for the employee and wage limitations, as needed. However, the application won't optimize the credit and won't complete the Credit for Small Employer Health Insurance Premium Optimization or the Credit for Small Employer Health Insurance Premium Worksheet (Pages 1 through 4).

Form 8994 – Employer Cr Paid Family and Medical Leave

Use the
CrGen-2
 screen in the
Credits
 folder to answer questions for Form 8994.
Enter employee information for each activity on a separate screen. Form 8994 includes the sum of all units and transfers the net credit for paid family and medical leave to Schedule K.
A nonsubmittable statement prints combining data from the attached statement for all activities for the partnership’s records as indicated in the Form 8994 instructions. If the partnership is keeping their own records, data is only required in the Paid Leave Wages and Percentage Under Employer’s Policy column to calculate the employer credit for paid family and medical leave.
The application reduces salaries and wages / labor hired of the associating activity by the amount of credit the associating activity generated. Enter an amount in this field, including
0
 (zero), to use a different adjustment amount. The reduction is limited to the lesser of the amount you entered in this field or the maximum credit. A Schedule M-1 or Schedule M-3 reconciling adjustment generates for the total amount of the tax credit adjustment from all activities.
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