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Screen CASF - California Settlement Funds Return (1120)

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General Information

Special processing
Enter any special processing information. This prints at the top of Form 541, Side 1.
Superseding return
Enter a code directly or select from the dropdown list to indicate if this is a superseding return. Enter
1
 to indicate this is a superseding return. Enter
2
 to indicate this isn't a superseding return. If this field is blank, the application defaults to the
Superseding return
 field entered in the federal 1120 screen.
A superseding return is a subsequent return filed before the original due date (including extensions) of the return. A superseding return is considered the original return because it takes the place of any other return previously filed.
If this field is marked,
Superseding Return
 will print at the top of the tax return.
Online account view access authorized representative
Enter a code directly or select from the dropdown list to complete FTB Form 743, Online Account View Access Authorization. To indicate that the preparer’s firm should be the authorized representative, enter
1
 in this field. To indicate that the preparer should be the authorized representative, enter
2
 in this field. If this field is blank, Form FTB 743 doesn't print.
Name control (Force)
Use this field to change the calculated value of the first 4 letters of the entity’s name on the estimate, extension, or electronic filing payment voucher, and on Page 1 of Form 541 for paper-filed returns. For more information on how the name and address control fields are created, refer to California’s FTB Pub. 1098, Guidelines for the Development and Use of Substitute, Scannable and Reproduced Tax Forms.
note
California doesn't follow IRS rules regarding "&," "-," and "/" characters.
Address / Building identifier: Number (Force)
If the address on the estimate or extension vouchers, or on Page 1 of Form 541 differs from that entered in federal Screen 1120SF, enter the correct address in this field. The
Building identifier
,
Number
, and
State postal code
 fields are not enterable unless an entry is made in
Address
 field.

Income

Tax-exempt interest
Use the statement to enter the California amount of tax-exempt interest to be included on Form 541, line 1. The application transfers amounts from the Tax exempt interest statement in the federal SF-2 screen to the statement attached to this field. The application also includes the amount from the
Other interest
 field in the federal SF screen on Form 541, line 1.
Tax-exempt dividends
Use the statement to enter the California amount of tax-exempt dividends to be included on Form 541, line 1. The application also includes the amount from the
Dividends
 field in the federal SF screen on Form 541, line 2.

Deductions

Taxes
Use the statement to enter California taxes to be included on Form 541, line 11. The application transfers amounts from the Taxes statement in the federal SF screen to the statement attached to this field.
Tax-exempt expenses
Use the statement to enter California tax-exempt expenses to be included on the Tax Exempt Expense Allocation Worksheet, line 5.
Other deductions
Use the statement to enter the California amount of
Other deductions, if different from federal
. The application includes this amount Form 541, line 15a.
Investment expenses
Use the statement to enter the California amount of
Investment expenses, if different from federal
. The application includes this amount Form 541, line 15a.

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