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Federal input screens

Screen Letter - Client Documents

Transmittal Letters and Filing Instructions

Enter the salutation you want to appear in letters. Don't include
Dear
 in the salutation.
UltraTax CS uses the address selected in the
Heading for shareholder transmittal letter
 field in
Setup
,
1120 Corporation
,
Other Return Options
, the
Client Documents
 tab for the shareholder transmittal letter and slipsheet. To use a different address for the current client, select the option from the dropdown.
Select the
St. Thomas, VI 00802
 address you're filing the return with the V.I. Bureau of Internal Revenue and not with the Internal Revenue Service. UltraTax CS doesn't automatically determine if you need to file the return with the V.I. Bureau of Internal Revenue.
The Internal Revenue Service requires you to deposit all income and estimated tax payments via electronic funds transfer (EFT). If you file the corporate return electronically, you can also pay the balance due on the return and the estimated tax payments via electronic funds withdrawal (EFW).
If the taxpayer will use the ACH Debit method, enter
1
 or select it from the dropdown. The filing instructions will indicate that the taxpayer should make the payment by EFT at least 1 business day before the due date of the return. The taxpayer needs to contact the EFTPS Financial Agent of the U.S. Treasury and direct the agent to initiate a withdrawal from the taxpayer's account.
If you leave these fields blank, UltraTax CS defaults to option
1
 (ACH Debit).

Miscellaneous Variables and Mailing Slipsheet

The Letter screen includes 4
Miscellaneous
 fields: 2 fields for defining miscellaneous text variables and 2 fields for defining miscellaneous amount variables. Use these variables in segments of transmittal letters, filing instructions, and invoices when UltraTax CS doesn't give the variables you need. Enter the text or amounts you want to use for the miscellaneous variables in these fields.
For purposes of the mailing slipsheet and mailing label only, enter text into this field to direct the mailing envelope to the attention of a particular person.
To change the name and address information on the Client Mailing Slipsheet, enter the necessary information in the corresponding fields.

This article applies to:

  • Product: UltraTax CS
  • Return type: 1120 Corporation
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