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Screen TYGen — Texas Personal Property Tax
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Overview
Use this screen to complete general information questions for Form 50-144, Form 22.15, Form 22.15-VEH, Dallas County Rendition, Form 1300A, and Form 1300B.
note
To enter information specific to the location, use:
- TYReturnscreen in Texas’s Property folder
- TYHarrisscreen in Texas’s Harris folder
- TYVehscreen in Texas’s Vehicle folder
- TYDallasscreen in Texas’s Dallas folder
- TYTarscreen in Texas’s Tarrant folder.
Federal-to-state input screen and asset module data transfer
If information is transferred from federal input screens or from the asset module to a state input screen, the application shows the transferred data in blue.
To overrule the transferred amount, enter an amount in the field. The application shows the new amount in black.
note
- When you overrule a transferred amount, the application does not replace that amount with subsequent federal-to-state or asset module data transfers.
- To delete the overruled amount and restore the original transferred amount, right-click it and selectDelete overrulefrom the context menu, or enter the original amount.
- To confirm the accuracy of the overruled amount, right-click the field and selectAcknowledge overruled datafrom the context menu. The application turns off the acknowledge function on the context menu. To restore the original amount later, you'll need to enter it manually.
- You can set a user preference to mark fields for which you overruled the transferred amounts and to list all overruled amounts in theDiagnosticswindow.
Statements
Many data entry fields provide predefined statements in which you can enter additional information. There are more details in the Statements overview article.
Accessing frequently asked questions
To view answers to common questions about calculations and data entry issues, select
Help
, Additional Resources
, then Frequently Asked Questions
. There are more details in the Accessing frequently asked questions (FAQs) article. General Information
Use this section to record general information for the client’s UltraTax / Texas PPT return.
Complete return using the TX treatment within the Asset module
Enter
X
to force UltraTax CS to use data from the TX treatment column in Fixed Assets CS or the asset module in UltraTax CS.note
- To regenerate the transfer of information from Fixed Assets CS or the federal asset module, selectUtilities, thenFixed Assets CS (Import).
- To markComplete return using the TX treatment within the Asset moduleonce for all new clients:
- SelectSetup, then [application name]
- On theTexas PPTtab, selectNew Client Options.
Use Net Book Value from asset module when Fair Market Value association is blank
Enter
X
to force UltraTax CS to use the net book value if no fair market values have been entered.note
To mark
Use Net Book Value from asset module when Fair Market Value association is blank
once for all new clients:- SelectSetup, then [application name].
- On theTexas PPTtab, selectNew Client Options.
Business or manager’s name
Enter the name of the business or manager.
No separate business name
If there's no separate business name, enter
T
, S
, or J
if this return is to be filed by the taxpayer, spouse, or joint.note
This field applies to 1040 clients only.
Doing business as
Enter the doing business as name.
Mailing address
Enter the mailing address if different from the federal address.
Telephone number
Enter the telephone number if different from the federal return.
Indicate if property owner, an employee, or acting on behalf of an affiliated entity
Enter
1
for Yes or 2
for No, or choose a response from the dropdown list. If you leave this field blank, UltraTax CS will show Yes
.Prior tax year rendition, if filed, is still complete and accurate
If the information contained in the most recent rendition statement filed in a prior tax year is accurate with respect to the current tax year, enter
X
. UltraTax CS will mark the checkbox in the signature area and will not show the calculations on the return.Complete return as if market value is $20,000 or more
Enter
X
to force UltraTax CS to print Schedules B and C if the market value is less than $20,000. The market value is calculated with the fair market value association or the net book value, along with inventory. This option also applies to the printing of:- Dallas County Rendition
- Harris County Form 22.15, Parts 5 through 7
- Tarrant County Form 1300A.
Summarize assets by type
Enter
X
to force UltraTax CS to summarize assets on Schedule A or B instead of printing each individual asset with the asset’s description. The assets are grouped by type, year acquired, and location. For example, all computers acquired in 2013 at Location One are reported as 1 line item.note
To mark
Summarize assets by type
once for all new clients:- SelectSetup, then [application name]
- On theTexas PPTtab, selectNew Client Options.
Schedule provided amounts
Enter
1
, 2
, or 3
to print corresponding information or use the dropdown list. If you leave this field blank, UltraTax CS uses the estimated market value, cost, and year acquired.Option | Description |
|---|---|
1 | Good faith estimate of market value, historical cost when new, and year acquired (Default) |
2 | Good faith estimate of market value, but no historical cost when new, or year acquired |
3 | Only historical cost when new, and year acquired |
note
To mark
Schedule provided amounts
once for all new clients:- SelectSetup, then [application name].
- On theTexas PPTtab, selectNew Client Options.
Harris / Dallas / Tarrant County General Information
Use this section to enter information for Harris / Dallas / Tarrant County business personal property tax returns only.
Business description
Enter the description.
Sales tax permit number
Enter the Texas sales tax permit number. Applies to Harris County only.
Taxpayer’s name / title
Enter the taxpayer’s name and title for the signature line, if different from the federal officer (1120), tax matters partner (1065), taxpayer (1040), or fiduciary (1041).
Fax number
Enter the fax number if different from the federal return. Applies to Dallas County only.
Email address
Enter the email address for the taxpayer. Applies to Dallas and Harris counties only.
Estimate value / Historical cost
Enter
1
for Estimate value or 2
for Historical cost, or choose from the dropdown list. If you leave this field blank, UltraTax CS will use the Historical cost.note
To mark
Estimate value / Historical cost
once for all new clients:- SelectSetup, then [application name].
- On theTexas PPTtab, selectNew Client Options.