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Screen WJReturn - Wisconsin PPT - Business

Overview

Use this screen to complete Form PA-003.

Location Information

Use this section to complete location information for Form PA-003.
UltraTax CS automatically enters the next available number. If desired, you can overwrite this number, but you cannot leave the field blank. UltraTax CS uses this information to gather and coordinate information for the assessable business location.
UltraTax CS transfers the street address that you entered in the
Location
 field in the Asset Detail dialog. UltraTax CS creates one property tax return for every unique street address entered. In order for the assets in the Asset tab to transfer correctly, you need to go to the Asset tab, select Setup, Associations, and select Enable. Highlight
Location
 and then select Properties. Add the street address for each return you would like to create. Once that is complete, go to Edit, Reassign Assets and then assign a
Location
 to the assets.
If the return has no depreciable assets, enter
X
 to have UltraTax CS create a unit of this screen. After you enter
X
, UltraTax CS allows you to enter the street address, which creates a unit of this screen.
Use these fields to enter the city, state, and zip code for the property. If you leave these fields blank, UltraTax CS defaults to the city, state, and zip code of the federal business activity.
Enter the account number assigned by the assessor.
Enter the county name in which the business is located, or press F4 to select a county from the fieldview.
Enter the municipality in which the business is located, or press F4 to select a municipality from the fieldview.
Select the correct school district code and name from the fieldview. UltraTax CS displays this information on Form PA-003.
Enter the tax incremental district number (TID#) in which the business is located. UltraTax CS displays this information on Form PA-003.

General Information

Use this section to complete general information for Form PA-003.
Enter the business or property owner’s name. If there is no separate business name, the property owner’s name prints in the mailing address field and appears as the legal name of the taxpayer.
Enter
T
 (taxpayer),
S
 (spouse), or
J
 (joint) to indicate which name(s) should print on the return. If you leave this field blank, UltraTax CS defaults to taxpayer.
Use this field to enter the Doing business as (DBA) name for this return only. The
Doing business as
 field in Screen WJGen applies to all personal property returns for this client. UltraTax CS defaults to the DBA entered on the federal return.
Enter the federal employer identification number to appear on this return only. The
EIN
 field in Screen WJGen applies to all returns for this client. If you leave this field blank, UltraTax CS defaults to the federal employer identification number entered on the federal return.
Use these fields to enter the owner address number and street, city, state, and zip code for this return only. The
Owner’s information: Number and street address / City, state, zip code
 fields in Screen WJGen apply to all returns for this client. If you leave these fields blank, UltraTax CS defaults to the address information entered on the federal return.
Enter the taxpayer telephone number for this return only. The
Owner’s information: Telephone number
 field in Screen WJGen applies to all returns for this client. If you leave this field blank, UltraTax CS defaults to the federal client phone number.
Enter the taxpayer fax number for this return only. The
Owner’s information:
Fax number
 field in Screen WJGen applies to all returns for this client. If you leave this field blank, UltraTax CS defaults to the federal client fax number.
Enter the owner’s e-mail address for this return only. The
Owner’s information:
E-mail address
 field in Screen WJGen applies to all returns for this client. If you leave this field blank, UltraTax CS defaults to the federal owner’s e-mail address.
In this statement dialog, enter the description of the business engaged in for this return only. The
Engaged in business of
 field in Screen WJGen applies to all personal property returns, except manufacturing returns, for this client.
Select the entity type for this return only from the drop-down list. The
Entity type
 field in Screen WJGen applies to all returns for this client. If you leave this field blank, UltraTax CS defaults to the federal business entity.
Select the applicable change of business for this return only from the drop-down list. The
Change of business
 field in Screen WJGen applies to all personal property returns, except manufacturing returns, for this client.
Type Code
Description
1
Discontinued
2
Incorporated
3
Sold
4
Moved
Enter the date that the business was changed in this field. The
Date business was changed
 field in Screen WJGen applies to all personal property returns, except manufacturing returns, for this client.
If the business was sold, enter the name and address information for the new owner in these fields. The
New owner
 fields in Screen WJGen apply to all personal property returns, except manufacturing returns, for this client.
Enter the taxpayer’s name for the signature line if different than the federal officer (990 or 1120), tax matters partner (1065), taxpayer (1040), or fiduciary (1041).
In this statement dialog, enter any supplemental information that should be submitted with the return.

Return Information

Use this section to complete return information for Form PA-003.
In this statement dialog, enter detail of property transferred into or out of each property classification in previous years. UltraTax CS uses this information to complete the Additions, Disposals, and Transfers at Cost column of the applicable schedule of Form PA-003.
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