Setting an Account's Federal, Situs State and Nonresident State Electronic Estimate Statuses
Electronic estimate statuses are used to determine whether an account has estimates filed and whether the account is included in a voucher payment file or an electronic estimate filing. You can use a register or the account binder to review and set the federal, situs state and nonresident state electronic estimate statuses for an account.
Using a Register
You can set and review the federal electronic estimate status from the
Elec Est Status
column. The column is available in a Federal Electronic Estimates
base register, and can be added to custom registers. To set or change the federal electronic estimate status, select one of the following from the Elec Est Status
column:- No estimate to be filed-When selected, estimate processing does not apply to the account. Do not set theElect Est Statuscolumn toNo estimate to be filedfor a 990-PF account.
- Prepare and file electronic estimates-When selected, estimates are prepared for the account and the account's federal estimate is included in an electronic estimate file.
- Irrevocable calendar year accounts are loaded to your ONESOURCE Trust Tax database with the federal electronic estimate status set toPrepare and file electronic estimates.
- For 990-PF accounts, the Process page will display the "Electronic Estimate status indicates no estimate to be prepared" message if the federal electronic estimate status is not set toPrepare and file electronic estimates.
- Voucher only estimate computation-When selected, estimates are prepared for the account and the account's federal estimate is included in a federal voucher payment file.
- State only processing-When selected, estimates are prepared for the account, but the account's federal and state estimates are not filed. Federal and state vouchers are not created for the account and the amounts are not included in the estimate back-end file.
You can set and review the situs state and/or nonresident state electronic estimate statues from the
St Elect Estim Status
column or the Non-res St EE Status
column. Both columns are in a State Electronic Estimates
base register, and can be added to custom registers. To set or change the situs state electronic estimate status, select one of the following from the St Elect Estim Status
column:- Does not qualify for state electronic estimates-When selected, the situs state estimate amount is prevented from being included in the state electronic estimate file or voucher payment document.
- Prepare and file state electronic estimates-When selected, the situs state estimate amount is included in the electronic estimate file. If the state accepts only vouchers, the situs state estimate amount is included in the state voucher payment document.
- By default, the state electronic estimate status is set toPrepare and file state electronic estimatesfor those accounts with a situs state of California, Massachusetts, Maryland, Michigan, Minnesota, New York, Pennsylvania or Wisconsin.
- Voucher only state estimate computation-When selected, the account's situs state estimate amount is included in the state voucher payment document.
- Ignore for state electronic estimate processing-When selected, the situs state estimate amount is not included when a state electronic estimate file or state voucher payment document is prepared.
- Use federal Electronic estimate status-When selected, the federal electronic estimate status is used for the situs state estimate status.
To set or change the nonresident state electronic estimate status, select one of the following from the
Non-res St EE Status
column:- Does not qualify for state electronic estimates-When selected, nonresident state estimate amounts are prevented from being included in the state electronic estimate file or voucher payment document.
- Prepare and file state electronic estimates-When selected, nonresident state estimate amounts are included in the electronic estimate file. If the state accepts only vouchers, the nonresident state estimate amount is included in the state voucher payment document.
- Voucher only state estimate computation-When selected, the account's nonresident state estimate amounts are included in the state voucher payment document.
- Ignore for state electronic estimate processing-When selected, nonresident state estimate amounts are not included when a state electronic estimate file or state voucher payment document is prepared.
Using the Account Binder
To use the account binder to set and review the federal, state and nonresident state electronic estimate statuses:
- Open the account.
- Select theAccountmain topic then theAdmin Controlssubtopic.
- Open theElectronic Filing/Back-End Feedcollapsible section.
- The situs and nonresident state estimate status drop-down lists do not display if a state is not attached to the account.
- Select the federal electronic estimate status from theElectronic estimate statusdrop-down list.
- No estimate to be filed-When selected, estimate processing does not apply to the account. Do not set theElect Est Statuscolumn toNo estimate to be filedfor a 990-PF account.
- Prepare and file electronic estimates-When selected, estimates are prepared for the account and the account's federal estimate is included in an electronic estimate file.
- Irrevocable calendar year accounts are loaded to your ONESOURCE Trust Tax database with the federal electronic estimate status set toPrepare and file electronic estimates.
- For 990-PF accounts, the Process page will display the "Electronic Estimate status indicates no estimate to be prepared" message if the federal electronic estimate status is not set toPrepare and file electronic estimates.
- Voucher only estimate computation-When selected, estimates are prepared for the account and the account's federal estimate is included in a federal voucher payment file.
- State only processing-When selected, estimates are prepared for the account, but the account's federal and state estimates are not filed. Federal and state vouchers are not created for the account and the amounts are not included in the estimate back-end file.
- Select the situs state electronic estimate status from theState Electronic estimate statusdrop-down list.
- Does not qualify for state electronic estimates-When selected, the situs state estimate amount is prevented from being included in the state electronic estimate file or voucher payment document.
- Prepare and file state electronic estimates-When selected, the situs state estimate amount is included in the electronic estimate file. If the state accepts only vouchers, the situs state estimate amount is included in the state voucher payment document.
- By default, the state electronic estimate status is set toPrepare and file state electronic estimatesfor those accounts with a situs state of California, Massachusetts, Maryland, Michigan, Minnesota, New York, Pennsylvania or Wisconsin.
- Voucher only state estimate computation-When selected, the account's situs state estimate amount is included in the state voucher payment document.
- Ignore for state electronic estimate processing-When selected, the situs state estimate amount is not included when a state electronic estimate file or state voucher payment document is prepared.
- Use federal Electronic estimate status-When selected, the federal electronic estimate status is used for the situs state estimate status.
- Select the nonresident state electronic estimate status from theNon-resident state EE statusdrop-down list.
- Does not qualify for state electronic estimates-When selected, nonresident state estimate amounts are prevented from being included in the state electronic estimate file or voucher payment document.
- Prepare and file state electronic estimates-When selected, nonresident state estimate amounts are included in the electronic estimate file. If the state accepts only vouchers, the nonresident state estimate amount is included in the state voucher payment document.
- Voucher only state estimate computation-When selected, the account's nonresident state estimate amounts are included in the state voucher payment document.
- Ignore for state electronic estimate processing-When selected, nonresident state estimate amounts are not included when a state electronic estimate file or state voucher payment document is prepared.
- SelectSave.