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Screen CA109 - California Business Income Tax Return (990)

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General Information

UltraTax/990-CA automatically completes Form 109, Schedule R with information from Setup and then Apportionment.
Large organization
Enter
X
 if the organization had CA net income, calculated without regard to NOL deduction, of $1,000,000 or more for any income year during the three income years immediately preceding the current year. This calculation modifies the 1st and 2nd estimated tax installments, when preparing estimate vouchers or calculating the underpayment penalty.
Organization is an educational IRA under section 23712
Enter
X
 if the organization is an educational IRA within the meaning of R&TC section 23712 and to mark the Yes box on Form 109, Page 1, Question B.
Alternate method of apportionment election
Enter
X
 if the organization is electing the Alternate Method - Single-Sales Factor Formula on Schedule R.
Gross income from members
Enter gross income from members if the organization is defined under R&TC Section 23701g, 23701i, or 23701n and is completing Form 109, Schedule E.
If entity is taxable as a trust: Number of resident
When calculating the income to report on Form 109, all income from unrelated trade or business activities derived from California sources is included. All unrelated trade or business income that is not derived from California sources is multiplied by a ratio of resident trustees over all trustees prior to being reported on Form 109.
Underpayment penalty on original return
If preparing an amended return, enter the amount of 5806 penalty shown on the original return. This amount prints on Form 109, Page 1, line 25 instead of the penalty calculated with the revised income amounts and Form 5806 does not print.

Deductions

Descriptions and amounts transfer from the federal 990T screen to these statements. If these amounts differ for CA reporting purposes or if additional items are reported, use the
Force
 column. This Information combines with amounts in the federal Event or EventPF and Rent screens for unrelated business activities reported on Form 109.
Compensation of officers
These entries transfer from federal screens and you must edit this information in the federal screens. Do not modify the fields in this statement. Deleted items are not added back on the next transfer. Select View, Contributor/Officer, and then Officer Information.
Salaries and wages
Information in the
Description
 field transfers from the federal screens so you must make any modification in those screens. Deleted items are not added back on the next transfer.
Specific deduction (Force)
Use this field to force an amount if it’s different than the $1,000 default about for the specific deduction.

Losses, Taxes, Withholding

Look-back method interest
If the organization is required to include installment payments of add-on taxes from interest calculated under the look-back method for completed long-term contracts, enter the interest amount to report on Form 109, Schedule K.
Interest on tax: Sales of timeshares
If the organization elected to pay interest on the amount of tax attributable to payments received on installment sales of certain timeshares and residential lots, enter the interest amount to report on Form 109, Schedule K.
Interest on tax: Non-dealer obligations
If the organization has interest on tax that was deferred under an installment method for certain non-dealer installment obligations, enter the interest amount to report on Form 109, Schedule K.
Section 197(f)(9)(B)(ii) gain
Enter installment payments of add-on taxes from an IRC section 197(f)(9)(B)(ii) election to recognize gain on the disposition of an IRC section 197 intangible. This amount reports on Form 109, Schedule K.
Credit recapture
Enter the credit recapture amounts from Forms 3501, 3535, 3805Z, 3806, and 3807. Form 109, Schedule K, and Form 109, line 25 or 26 reports the total credit recapture. Forms 3805Z and 3806 are available as noncalculating forms.

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