Add a state or city to an insurance return
Add a state as you normally would using the State Activation spreadsheet in .
- For single or consolidated return member companies, select theState Activationcheckbox in columnBfor each state you want to add.
- For consolidated returns, selectCombinein theState Activation/Consolidationcolumn.noteCombineandActiveare mutually exclusive options.
In addition, select the
Return Type
and Entity Type
by selecting the down arrow beside each item to open a list of options.The following states also have their own insurance returns:
- Michigan
- Mississippi
- New York
- Oregon
Their state instructions indicate whether an insurance return only is required, or an 1120 state form can alternatively be used. The State Activation spreadsheet indicates these insurance states in column
G
- Insurance Return Form Type
. Insurance
is the default selection if the federal return is an 1120-PC or 1120L. The choice of Insurance
or C Corporation
return is made at the member company level (that is, at the parent and subsidiary company level), based on the desired state return form.At any consolidated level, only for New York, the selection of Insurance or C Corporation can be transferred to the member companies by selecting the
Transfer to Members (New York only)
button at the top of column G
. For a PC Basic account, only a federal single company return can be filed, which does not include consolidations or state return. In addition, the Electronic Organizer is the only data source available for PC Basic users.Allocation and Apportionment
If Schedule T of the Annual Statement is used, amounts automatically flow from Schedule T to the Sales - Other Receipts workpaper. Amounts from Schedule T can be suppressed from flowing to the Allocation and Apportionment area.
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