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Screen TYReturn — Texas PPT — Business

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Overview

Use this screen to complete Form 50-144, Page 1.
note
UltraTax / Texas PPT prints 1 copy of Form 50-144, Business Personal Property Rendition of Taxable Property for each unit of the
TYReturn
 screen in Texas’s Property folder.

General Information

Use this section to complete the unit-specific, general information for Form 50-144, Page 1, that's different from the
TYGen
 screen in Texas’s General folder.
Create return, only if this return has no depreciable assets
If the return has no depreciable assets, enter
X
 to create a unit of this screen. After you enter
X
, you can enter the property identification number and county, which creates a unit of this screen.
note
  • If this return has depreciable assets, select the
    Asset
     tab in the federal activity and enter PPT information for each asset. Do this before you enter data in the
    TYReturn
    screen in Texas’s Property folder.
  • You'll need to complete
    Location ID#
     and
    County-TX
     for each asset in the Asset Detail window for the federal activity for Form 50-144.
Unit
UltraTax CS enters the next available number here. You can replace this number, but you can't leave this field blank. UltraTax CS uses this information to get and coordinate information for the assessable business location.
Property identification number
UltraTax CS transfers to this field the property identification number that you entered in the
Location ID#
 field in the
Asset Detail
 window. UltraTax CS creates 1 property tax return for every location ID number entered.
note
  • If the return has no depreciable assets, and you entered
    X
     in the
    Create return, only if this return has no depreciable assets
     field, you can enter the property identification number in this field.
  • UltraTax CS uses the property identification number that you enter as the description for this input screen unit in the folders block.
County
UltraTax CS shows the county from
County-TX
 in the
Asset Detail
 window.
note
  • If the return has no depreciable assets, and you entered
    X
     in the
    Create return, only if this return has no depreciable assets
     field, you can enter the county.
  • All county returns, except for Dallas, Harris, and Tarrant Counties, are completed using this input screen.
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
Applies to 1040 clients only.
Mailing address
Enter the mailing address if different from the federal address.
Telephone number
Enter the telephone number if different from the federal return.
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 marks the checkbox in STEP 3 of Form 50-144 and doesn't show calculations on the return.
General footnote
Enter any supplemental information that should be submitted with the return.

Return Information

Use this section to complete the unit-specific, personal property information for Form 50-144.
Location address
Enter the location address, if different from the mailing or federal address.
Business type
Enter
1
 for manufacturing,
2
 for wholesale,
3
 for retail,
4
 for service and
5
 for new business from the dropdown list.
Business description
Enter the description of the business.
Area occupied at this location
Enter the area occupied at this location.
Sales tax permit number
Enter the Texas sales tax permit number.
Business was closed, sold, or moved to a new location
Enter
1
 for closed,
2
 for sold, or
3
 for moved, or use the dropdown list.
Date business was closed, sold, or moved
Enter the date the business was closed, sold, or moved.
Name of buyer
If the business was sold, enter the name of buyer.
Location business was moved to
Enter the location where business was moved.
Assets in place on January 1
If the business was closed, were assets in place on January 1? Enter
1
 for Yes or
2
 for No. If you leave this field blank, UltraTax CS will show
Yes
.

Manager's, Agent's, or Fiduciary's Information

Use this section to provide the name, address, and telephone number of the agent.

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