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Screen VBReturn - Virginia PPT - Business
Overview
Use this screen to enter location specific information for the Virginia Property Tax Returns.
note
UltraTax/Virginia PPT prints one copy of a Virginia city or county Personal Property Form for each unit of the VBReturn screen.
General Information
Use this section to enter data that is unique to the current unit. If you leave these fields blank, UltraTax CS uses the information entered in the VBGen screen.
Create return, only if this return has no depreciable assets
If the return has no depreciable assets, enter
X
in this field to create a unit of this screen. After you enter X
, UltraTax CS allows you to enter the Location
field, which creates a unit of this screen.note
- If this return has depreciable assets, select theAssettab in the applicable federal activity and enter PPT information for each asset before you enter data in the VBReturn screen .
- For each asset in theAsset Detailwindow for the applicable federal activity you must complete theLocationandPPT Type - VAfields and you'll need to selectVirginiafrom theSitusfield.
Unit
UltraTax CS automatically enters the next available number in this field. If desired, you can overwrite this number, but you cannot leave the field blank. UltraTax CS uses this entry to gather and coordinate information for the assessable business location.
Location
UltraTax CS transfers to this field the account number that you entered in the
Location
field in the Asset Detail dialog. UltraTax CS creates one unit of the VBReturn screen for every unique location ID number entered.note
- If the return doesn't have any depreciable assets and you have enteredXin theCreate return, only if this return has no depreciable assetsfield, you may enter the account number in this field.
- UltraTax CS uses the location as the description for this input screen unit in the folders block.
- Once a unit has been created, UltraTax CS won't delete the unit automatically if there is no asset information being transferred to it.
- If you delete the data on the primary input screen for a unit, any data related to that unit is deleted from all other input screens in the folder. For example, if you delete the data in the VBReturn screen, any data relating to that activity in the VB762 and VBArling screens is also deleted.
County / City
Virginia Property Tax returns are filed on different sets of forms. Each of these sets is a separate return in UltraTax/VA-PPT. The Return Type column identifies the appropriate set of forms.
note
- To enter or edit information for the counties and cities, access the VA PPT Assessor Address Setup window by selectingSetupthen Virginia PPT under the application name, followed byAssessors Info.
- TheUser Defined County / Cityoption is used for municipalities that accept the generic Virginia Property Tax Form 762.
Return Type | Description |
|---|---|
ARL | Arlington |
CFC | Chesterfield |
GOO | Goochland |
HRC | Henrico |
JCC | James City |
PWC | Prince William |
VBC | City of Virginia Beach |
WIL | City of Williamsburg |
ZZA | User defined county / city #1 |
ZZB | User defined county / city #2 |
ZZC | User defined county / city #3 |
ZZD | User defined county / city #4 |
ZZE | User defined county / city #5 |
ZZF | User defined county / city #6 |
ZZG | User defined county / city #7 |
ZZH | User defined county / city #8 |
ZZI | User defined county / city #9 |
ZZJ | User defined county / city #10 |
Business name
Enter the name as it appears on the client’s business license. If you leave this field blank, UltraTax CS defaults to information entered in the
Business name
field in athe VBGen screen.note
If the
Business name
field in the VBGen screen is blank, UltraTax CS defaults to the client name.Indicate name to print on return
Enter
1
, 2
, or 3
to indicate the taxpayer, spouse, or joint names to appear on the return or use F4
to select an option from the dropdown. If you leave this field blank, UltraTax CS defaults to information entered in the Indicate name to print on return
field in the VBGen screen.Type Code | Description |
|---|---|
1 | Taxpayer (Default) |
2 | Spouse |
3 | Joint |
note
This field applies only to 1040 clients.
Doing business as / trade name / name 2
Enter the name which the business uses to identify itself in its trade. Various counties and cities refer to this information in slightly different terms. If you leave this field blank, UltraTax CS defaults to information entered in the
Doing business as / trade name / name 2
field in the VBGen screen.EIN
Enter the company’s federal employer identification number. If you leave this field blank, UltraTax CS defaults to information entered in the
EIN
field in the VBGen screen.Telephone number
Enter the taxpayer’s telephone number. If you leave this field blank, UltraTax CS defaults to information entered in the
Telephone number
field in the VBGen screen.General footnote
In this statement window, enter any assumed names used in conducting business.
Taxpayer Declaration
Use this section to complete the declaration section of the property tax forms if different from the VBGen screen.