Processing Federal and State Estimates

Creating a Custom Register for Processing Current Quarter 1041 Federal Estimates

From the Register Listing page, select Modify Register Properties for the
Active Accounts
base register.
Open the
Information
collapsible section.
Change the name in the
Register Name
field to the name for your custom register. You can change the information in any of the other fields listed under the
Information
collapsible section.
Select the register scope from the
Scope
drop-down list.
Select
Save As
.
In the first grid under the
Detail Columns
collapsible section, add the
Electronic Estimate Status
column. This column is in the
Account Administrative Controls
category. To add the column, select the check box to the left of the
Category
column then select
Add
above the grid.
In the second grid under the
Detail Columns
collapsible section, remove the following columns by selecting Delete in the column row:
Taxpayer name
Taxpayer identification number
Preparer code
Administrator code
Investment officer code
Date permanent trust data last updated from Load
Select
Save
.
Open the
Detail Filter(s)
collapsible section.
Add the filters in the following table to your custom register:
Condition	(	Column	Operator	Column	Value	)	Value Type
		Change Type-Year	Not equal to	Delete			User Value
And		Tax Yr End	Like Wildcard match (?, *), Dates MM/DD/YYYY		12/31/????		User Value
And	(	Entity Type	Equal to	Decedents Estate			User Value
Or		Entity Type	Equal to	Simple Trust			User Value
Or		Entity Type	Equal to	Complex($100)			User Value
Or		Entity Type	Equal to	Complex($300)		)	User Value
And		Elec Est Status	Not equal to	No estimate to be filed			User Value
The following graphic shows what the
Detail Filter(s)
collapsible section will look like when you finish adding the filters:
Select
Save
after you add all of the filters.
Select
REGISTERS
to return to the Register Listing page.

Processing Current Quarter Estimates

Review the tax year drop-down list to ensure you are submitting your processing request in the appropriate tax year.
From the Register Listing page, select Run for the register that includes the accounts you want to process estimates for. For 990-PF estimates, you can select Run for the
Form 990 Information
base register, then use the
Tax Yr End
column to filter the register to the specific tax year end that requires estimates for the quarter you are processing.
Select the check box in the first column for each account you want to process. If you want to process all of the accounts in the register, do not select any check boxes.
The following graphic shows account 00000052 is selected for processing:
Select the
Process
subtopic.
Under the
Process
collapsible section, select one of the following from the
Request
drop-down list:
Electronic Estimate Summary
-Select to calculate quarterly estimates for irrevocable accounts and 990-PF accounts. Unless the annualized alternative method is suppressed, estimates are calculated based on both the prior year alternative and annualized alternative methods. After processing is complete, you can review the calculated results from the account binder's Electronic Estimates page. For 990-PF estimates, the calculated results are also included on the Estimate Computation Worksheet in the Miscellaneous section of the Electronic Estimate Summary document.
Tax Return Estimate Summary
-Select when the annualized alternative method is not calculated for 1041 quarterly estimates. When selected, the data needed to calculate federal Form 2210 annualized income installment method on the tax return is generated. After processing is complete, you can review the calculated results for this type of processing request from the account binder's Underpayment Penalty page.
If you are processing 990-PF estimates:
Select
990
from the
Document Option
drop-down list.
For 2021 estimate processing for accounts that require dual return processing (Section 4947(a)(1) trusts that require both 1041 and 990 return reporting),
Federal and state
is the only selection for the
Document Option
drop-down list for 1041 and 990. For 2022 estimate processing, you will be able to select
Federal and state
or
990
as the type of Electronic Estimate Summary to process regardless of the current entity type setting.
Select the estimate quarter to calculate from the
990PF Estimate Quarter
drop-down list under the
Estimate Options
collapsible section. The selections include:
Qtr Determined Automatically
-Select if you want ONESOURCE Trust Tax to determine the quarter to calculate for each account included in the processing request. The determination is based on the prior estimate filings for each account. First quarter estimates are processed if an account has no prior estimate filings.
Selecting
Qtr Determined Automatically
is helpful if you are processing from a register that includes 990-PF accounts with varying tax year ends.
For accounts that paid prior estimates through another source, you must process then freeze each prior quarter's estimate calculation if you select
Qtr Determined Automatically
. Otherwise, first quarter estimates will be processed.
Quarter 1
-Select if you are processing only accounts that require a first quarter estimate to be calculated. Transactions with tax effective dates within the first two months of the tax year are used for the annualized alternative calculation.
Quarter 2
-Select if you are processing only accounts that require a second quarter estimate to be calculated. Transactions with tax effective dates within the first three months of the tax year are used for the annualized alternative calculation.
Quarter 3
-Select if you are processing only accounts that require a third quarter estimate to be calculated. Transactions with tax effective dates within first six months of the tax year are used for the annualized alternative calculation..
Quarter 4
-Select if you are processing only accounts that require a fourth quarter estimate to be calculated. Transactions with tax effective dates within the first nine months of the tax year are used for the annualized alternative calculation.
Select
Process
.
Select OK when a message asking if you are sure you want to submit the account(s) you selected for processing displays.
The Process page is updated with the "Batch Submitted for Processing" message.
The "Electronic Estimate status indicates no estimate to be prepared" message displays on the Process page if a 990-PF account has its federal electronic estimate status set to a selection other than
Prepare and file electronic estimates
.
You can now review the estimate processing status to ensure that processing completes successfully. See Reviewing the Estimate Processing Status for details.

Reviewing the Estimate Processing Status

Pending
-Indicates that processing has not started.
Processing
-Indicates that processing started.
Needs attention
-Indicates that processing stopped because of an error.

Open the account.
Select
Event History
from the
Account Action
drop-down list.
Under the
Current Events
collapsible section, review the processing status for the account in the
Processing Status
column. If the status is
Needs attention
, processing stopped. Review the error number that caused processing to stop in the
Status Error
column and the error message in the
User Error
column.
To successfully process estimates for an account with a
Needs attention status
, correct the error then reprocess the current quarter estimate. You can reprocess current quarter estimates until estimates are filed with the IRS or state taxing authority.
Select
Close
when you finish reviewing the processing status.