Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

Screens

Screen WJMfg - Wisconsin PPT - Manufacturing

Overview

Use this screen to complete Form M-P.

Location Information

Use this section to complete location information for Form M-P.
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 choose Enable. Highlight
Location
 and then click the Properties button. 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 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.
Enter the state identification number.
Enter the local account number assigned by the assessor.
Enter the local parcel number if not leased any property.
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.
Use these fields to enter the real estate owner’s name and street address, city, state, zip code, telephone number, and email address for this return only.
Enter
X
 to consolidate multiple personal property locations onto one return. All units with matching account numbers must have this field completed to be included on the consolidated return. Consolidation occurs only for units with matching account numbers.

General Information

Use this section to complete general information for Form M-P.
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.
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’s number and street address, 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 a manufacturer / owner title to appear in the signature block. If you leave this field blank, UltraTax CS defaults to the firm name entered on the federal return.
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.
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
X
 if the name or address has changed from that reported on last year’s return.
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.
In this statement dialog, enter the name and address information for the new owner if the business was sold.
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 M-P.
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 M-P.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close