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Tax codes assignments for transferring account balances
Use the information in the following tables to enter tax codes into your write-up or trial balance client records. The tables contain extracts from:
- SFInfo screen, Short Form Employee Benefit Plan
- Balancescreen, Balance Sheet
- Income screen, Income, Expenses, Reconciliation
note
After the extracts from the input screens, you'll also find Form destination tables, which you can use as a reference when entering tax codes.
The tax code number assignments in this article are used by the application to summarize and transfer related account balances from the following general ledger applications to its input screens:
- Accounting CS or Workpapers CS
- CaseWare Working Papers
- Client Ledger System
- Universal Business Computing Company
- Dillner's Full Contact Accounting System
- Accountant's Relief
note
Importing data from a specific general ledger application is limited by return type. For example, you can use tax codes to import data from Accounting CS and Workpapers CS for 1120, 1065, 1040, 1041, 990, and 5500 returns. But if you use Client Ledger System, you can only import data for 1120 and 1065 returns. Refer to the article on importing general ledger balances for details of the limitations.
At the end, you'll also find Form destination tables. You can use these as a reference for entering tax codes.
For a list of other guides:
- On the Home Page, selectProduct Information.
- Select the5500tab.
- SelectFederal.
- SelectProductguides.
Screen SFInfo — Short Form Employee Benefit Plan
This extract shows tax codes in the End of Year column of the Financial Information section.
Item | End of Year |
|---|---|
Total value of plan assets | 300 |
Total plan liabilities | 301 |
Contributors received or receivable from: | |
— Employers | 302 |
— Participants | 303 |
— Others (including rollovers) | 304 |
Other income (loss) | 305 |
Benefits paid | 306 |
Deemed and/or corrective distributions | 307 |
Administrative service providers | 308 |
Other expenses | 309 |
Transfers to the plan | 310 |
Transfers from the plan | 311 |
Screen Balance — Balance Sheet
This extract shows tax codes in the End of Year column of the following sections of the Balance Sheet:
- Cash and Receivables
- General Investments
- Loans and Other Assets
- Liabilities
Item | End of Year |
|---|---|
Total noninterest — bearing cash | 400 |
Receivables: | 401 |
— Employer contributions | 402 |
— Participant contributions | 404 |
— Other |
Item | End of Year |
|---|---|
Interest — bearing cash | 408 |
US government securities | 416 |
Corporate debt instruments: | |
— Preferred | 417 |
— All other | 418 |
Corporate stock: | |
— Preferred | 419 |
— Common | 420 |
Partnership / joint venture interests | 421 |
Real estate | 422 |
Item | End of Year |
|---|---|
Loans to: | |
— Other than participants | 451 |
Participants | 453 |
Common / Collective trusts | 445 |
Pooled separate accounts | 446 |
Master trusts | 447 |
103-12 investment entities | 448 |
Registered investment companies | 449 |
Insurance company general account | 454 |
Other investments | 409 |
Employer: | |
— Securities | 406 |
— Real property | 424 |
Buildings and other property: | |
— Real estate | 425 |
— Personal property | 426 |
Item | End of Year |
|---|---|
Benefit claims payable | 440 |
Operating payables | 441 |
Acquisition indebtedness | 442 |
Other liabilities | 443 |
Screen Income — Income, Expenses, Reconciliation
This extract shows tax codes in the following sections of the Income, Expenses, and Reconciliation form:
- Contributions
- Earnings on Investments
- Expenses
- Reconciliation
Item | Tax code |
|---|---|
Cash contributions: | |
— Employers | 100 |
— Participants | 101 |
— Others | 102 |
Noncash contributions | 103 |
Item | Tax code |
|---|---|
Interest: | |
— Interest-bearing cash | 110 |
— US government securities | 111 |
— Corporate debt | 112 |
— Loans | 114 |
— Participant loans | 115 |
— Other interest | 116 |
Dividends: | |
— Preferred stock | 120 |
— Common stock | 121 |
— Registered investment company shares | 259 |
Rents | 240 |
Aggregate proceeds from sale of assets: | 250 |
— Aggregate carrying amount | 251 |
Unrealized appreciation (depreciation) of assets: | |
— Real estate | 257 |
— Other | 258 |
Net investment gain (loss) from: | |
— Common / collective trusts | 253 |
— Pooled separate accounts | 254 |
— Master trust investment accounts | 255 |
— 103-12 investment entities | 256 |
— Registered investment companies | 231 |
Other income | 130 |
Item | Tax code |
|---|---|
Benefit payment: | |
— Directly to participants | 200 |
— To insurance carriers | 201 |
— Other | 202 |
Distributions: | |
— Corrective | 225 |
— Deemed | 226 |
Interest expense | 210 |
Professional fees | 217 |
Contract administrator fees | 218 |
Investment advisory fees | 219 |
Other administrative expenses | 223 |
Item | Tax code |
|---|---|
Transfers to the plan | 230 |
Transfers from the plan | 232 |
Form destination tables — tax codes
Use these tables as a reference for entering tax codes. The tables list the form destination of each tax code and the related input screen
Schedule H, Page 1 destination | Tax code | Input screen |
|---|---|---|
Part I, line 1a | 400 | Balance |
Part I, line 1b(1) | 401 | Balance |
Part I, line 1b(2) | 402 | Balance |
Part I, line 1b(3) | 404 | Balance |
Part I, line 1c(1) | 408 | Balance |
Part I, line 1c(2) | 416 | Balance |
Part I, line 1c(3)(A) | 417 | Balance |
Part I, line 1c(3)(B) | 418 | Balance |
Part I, line 1c(4)(A) | 419 | Balance |
Part I, line 1c(4)(B) | 420 | Balance |
Part I, line 1c(5) | 421 | Balance |
Part I, line 1c(6) | 422 | Balance |
Part I, line 1c(7) | 451 | Balance |
Part I, line 1c(8) | 453 | Balance |
Part I, line 1c(9) | 445 | Balance |
Part I, line 1c(10) | 446 | Balance |
Part I, line 1c(11) | 447 | Balance |
Part I, line 1c(12) | 448 | Balance |
Part I, line 1c(13) | 449 | Balance |
Part I, line 1c(14) | 454 | Balance |
Part I, line 1c(15) | 409 | Balance |
Schedule H, Page 2 destination | Tax code | Input screen |
|---|---|---|
Part I, line 1d(1) | 406 | Balance |
Part I, line 1d(2) | 424 | Balance |
Part I, line 1e | 425, 426 | Balance |
Part I, line 1g | 440 | Balance |
Part I, line 1h | 441 | Balance |
Part I, line 1i | 442 | Balance |
Part I, line 1j | 443 | Balance |
Part II, line 2a(1)(A) | 100 | Income |
Part II, line 2a(1)(B) | 101 | Income |
Part II, line 2a(1)(C) | 102 | Income |
Part II, line 2a(2) | 103 | Income |
Part II, line 2b(1)(A) | 110 | Income |
Part II, line 2b(1)(B) | 111 | Income |
Part II, line 2b(1)(C) | 112 | Income |
Part II, line 2b(1)(D) | 114 | Income |
Part II, line 2b(1)(E) | 115 | Income |
Part II, line 2b(1)(F) | 116 | Income |
Part II, line 2b(2)(A) | 120 | Income |
Part II, line 2b(2)(B) | 121 | Income |
Part II, line 2b(2)(C) | 259 | Income |
Part II, line 2b(3) | 240 | Income |
Part II, line 2b(4)(A) | 250 | Income |
Part II, line 2b(4)(B) | 251 | Income |
Part II, line 2b(5)(A) | 257 | Income |
Part II, line 2b(5)(B) | 258 | Income |
Schedule H, Page 3 destination | Tax code | Input screen |
|---|---|---|
Part II, line 2b(6) | 253 | Income |
Part II, line 2b(7) | 254 | Income |
Part II, line 2b(8) | 255 | Income |
Part II, line 2b(9) | 256 | Income |
Part II, line 2b(10) | 231 | Income |
Part II, line 2c | 130 | Income |
Part II, line 2e(1) | 200 | Income |
Part II, line 2e(2) | 201 | Income |
Part II, line 2e(3) | 202 | Income |
Part II, line 2f | 225 | Income |
Part II, line 2g | 226 | Income |
Part II, line 2h | 210 | Income |
Part II, line 2i(1) | 217 | Income |
Part II, line 2i(2) | 218 | Income |
Part II, line 2i(3) | 219 | Income |
Part II, line 2i(4) | 223 | Income |
Part II, line 2l(1) | 230 | Income |
Part II, line 2l(2) | 232 | Income |
Schedule I, Page 1 destination | Tax code | Input screen |
|---|---|---|
Part I, line 1a | 400 to 402, 404, 408, 416 to 422, 451, 453, 445 to 449, 454, 409, 406, 424 to 426 | Balance |
Part I, line 1b | 440 to 443 | Balance |
Part I, line 2a(1) | 100 | Income |
Part I, line 2a(2) | 101 | Income |
Part I, line 2a(3) | 102 | Income |
Part I, line 2b | 103 | Income |
Part I, line 2c | 110 to 112, 114 to 116, 120, 121, 240, 250, 251, 253 to 259, 231, 130 | Income |
Part I, line 2e | 200 to 202 | Income |
Part I, line 2f | 225 | Income |
Part I, line 2g | 226 | Income |
Part I, line 2h | 210, 217 to 219, 223 | Income |
Part I, line 2i | 230, 232 | Income |
This article applies to:
- PRODUCT: UltraTax CS
- Return type: 5500 Beneficiary Plan