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  • Product: Planner CS

Import data from UltraTax/1040

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You can import federal client data from UltraTax/1040 into Planner CS.
note
You can't import state or city information from UltraTax/1040.
  1. In UltraTax/1040, choose
    File
    , then
    Open
     to open the 1040 client whose data you want to import into Planner CS.
    note
    If the discourage access status event has been logged for that UltraTax CS client, you can open the return as read-only if you don't want to recalculate the return before importing the data.
  2. In UltraTax/1040, choose
    Utilities
    , then
    Planner CS (Export)
    . Planner CS opens and the
    Import Client Data
     window opens.
    note
    If the Planner CS (Export) command doesn't appear in the Utilities menu of UltraTax/1040, you need to specify in UltraTax/1040 where Planner CS is installed. Choose
    Setup
    , then
    User Preferences
    , select the
    File Locations
     tab, select the
    Planner CS
     option, and modify the location as necessary.
  3. In the Import Client Data window, select one of the options to import data into a new plan or an existing plan, then select
    OK
    .
    note
    If the client has an existing plan that includes data-entry projections for future years, you may want to choose the
    New Plan
     option and enter a new plan ID, which lets your existing plan retain its future-year projections. Or, you can import to the existing plan and select the
    Create a new alternative for import
     checkbox to retain the future-year projections.
  4. Do one of the following, and select if you are importing data into a new plan.
    Import data into a new plan
    1. In the General tab of the
      Import New Plan
       window, the UltraTax/1040 client ID is automatically entered into the
      Plan ID
       field. You can keep this plan ID or enter a different ID.
      note
      If you enter a Plan ID that is identical to the ID of an existing plan in Planner CS, you will be prompted to enter a new, unique ID.
    2. Assign a preparer to the plan by selecting a preparer from the
      Assigned to
       dropdown list, or select
      <Default>
       if you don’t want to specify a preparer for the new plan.
      note
      The current preparer is automatically entered in this field by default.
    3. Do one of the following to create a basic plan, a family plan, an annualized plan, or an S Corp Comparison plan.
      Select if you are creating a basic plan.
      1. Enter the number of alternatives to include in the new plan in the
        Number of Alternatives
         field.
      2. Enter the number of years to include in the new plan in the
        Number of Years
         field.
      3. Optional: If you want to display the data for the first plan year in one Base Year column next to the alternatives and future years in the plan, mark the
        Display single base year
         checkbox in the Options group box. (This checkbox isn't available when the
        Family Plan
         or
        Annualized Plan
         checkbox is marked, or when the plan includes only one alternative or year.)
      4. Optional: If you want to copy the plan data to all alternatives and/or years in the new plan, mark the
        Copy across all alternatives
         and/or
        Copy across all years
         checkbox. (Note that these checkboxes are not available when the
        Family Plan
        ,
        Display single base year
        , or
        Annualized Plan
         checkbox is marked.)
      Create a family plan.
      note
      Data imported into a family plan appears in the
      Parents
       column.
      1. Mark the
        Family Plan
         checkbox in the Options group box. (This checkbox isn't available when the
        Annualized Plan
         checkbox is marked.)
      2. Enter the year of the new plan in the
        Plan Year
         field.
        note
        Family plans are always one-year plans.
      3. Enter the number of children in the
        Number of Children
         field.
      4. Optional: To change the default name of a child in the plan, select the
        Children's Names
         tab, select the default name of a child (for example, Child 1) in the Children Included in Plan pane, and then enter a new name in the
        Child's Name
         field.
      Create an annualized plan.
      note
      Data imported into an annualized plan appears in the full-year (January through December) column.
      1. Mark the
        Annualized Plan
         checkbox. (This checkbox isn't available when the
        Family Plan
         checkbox is marked.)
      2. Enter the year of the new plan in the
        Plan Year
         field.
        note
        Annualized plans are always one-year plans.
      Create an S Corp Comparison plan.
      1. Mark the
        S Corp Comparison
         checkbox.
      2. Enter the year of the new plan in the
        Plan Year
         field. Enter the export year or a subsequent year.
        note
        S Corp Comparison plans are always one-year, two-alternative plans.
    4. Do any of the following optional steps.
      • Enter a description in the
        Plan Description
         field. When opening a plan via the Open Plan window, this information appears in the
        Plan Description
         field when the plan is highlighted.
      • Enter a keyword in the
        Keyword
         field to help distinguish this plan from other plans. Keywords can be used to search or sort the list of available plans when opening plans via the Open Plan window.
      • Select the taxpayer's resident state, if licensed, from the dropdown list. (Note the default-resident state is the same resident state that is in the UltraTax CS return. Also note this field is not available when the
        Annualized Plan
         checkbox is marked.)
      • To select nonresident states, if licensed, select the Nonresident States button, mark the state checkboxes, and select
        OK
        . (Note the default nonresident states are the same nonresident states that are in the UltraTax CS return. Also note this button is not available when the
        Annualized Plan
         checkbox is marked.)
      • Select the
        Set Password
         button and enter a password if you want to password-protect plan data.
      • Select the
        Client Information
         tab and enter information such as client name, address, Social Security number, and date of birth.
        note
        The taxpayer's and spouse's dates of birth are used in various federal and state calculations.
    5. The name, Social Security number, date of birth, and address from the UltraTax/1040 client are imported automatically to Planner CS. Select the Client Information tab to view or modify this information.
    6. Select
      OK
      . Planner CS creates the data file and automatically opens the main data-entry window for the new plan.
    Import data into an existing plan.
    Import data into an existing plan
    1. In the
      Import to Existing Plan
       window, select a
      destination
       plan from the list of existing plans. If a plan already exists for the UltraTax/1040 client ID, the plan will be highlighted. If the client has more than one plan, scroll through the list to choose a different destination plan.
      note
      • The current tax year is defined as the year of the UltraTax/1040 client being imported. For example, if you import client data from the tax year 2017, the current tax year is 2017.
      • The first plan year must be before or equal to the current tax year. For example, if the UltraTax/1040 client's tax year is 2017, and the destination plan's years range from 2018-2020, an import won’t be granted. In this example, the first plan year must be 2017or earlier.
      • If the last year in the destination plan's range of years is prior to the current tax year, Planner CS will automatically add years to the plan up to the current tax year.
      • If the destination plan already includes the current tax year or later years, and the
        Create a new alternative for import
         checkbox is not marked, Planner CS must clear all data from these years, in each alternative, to import the new UltraTax/1040 data. For example, if the destination plan includes the years 2014-2018, and the current tax year of the UltraTax/1040 client is 2017, data entered into the plan's 2014-2016years would remain as entered, but Planner CS will delete the 2017-2018data prior to import.
      • The destination plan can't be an annualized plan or a family plan.
    2. If you want to delete the plan years prior to the specified year for all alternatives, mark the
      Delete years prior to [year]
       checkbox.
      note
      The year in the
      Delete years prior to [year]
       checkbox will change based on the year of the tax return being imported.
    3. If you want to create a new alternative into which the client data will be imported, mark the
      Create a new alternative for import
       checkbox. If you don’t mark this checkbox, Planner CS will overwrite data in the selected plan for the current tax year of the UltraTax/1040 client.
    4. Select
      OK
      . A warning window will open for the following reasons.
      • the Social Security number of the imported client doesn’t match the Social Security number of the destination plan.
      • the destination plan already includes information for the destination year or subsequent years, and the
        Create a new alternative for import
         checkbox isn't marked.
      If a warning window opens, select
      OK
       to proceed with the import. The application will then import the current tax year data to the current year of the plan in each plan alternative, or to a new alternative for the selected plan if you marked the
      Create a new alternative for import
       checkbox.
    5. The Activities Import window will open if the UltraTax/1040 client includes business activities that didn’t exist in the destination plan prior to export. Select
      OK
       to complete the import.
      note
      To review imported business activities data in the plan, select the
      Activities
       button when the plan is open.
    Import 2018 data into a TCJA Comparison Plan.
    Import 2018 data into a TCJA Comparison Plan
    This tax plan illustrates the effects of the Tax Cuts and Jobs Act (TCJA) on a client’s income tax liability using a side-by-side comparison of the 2018 client data with the tax liability calculated under the 2017 law in the first column, and the tax liability calculated using the provisions of the TCJA in the second column.
    1. In the General tab of the
      Import New Plan
       window, the UltraTax/1040 client ID is automatically entered into the
      Plan ID
       field. You can keep this plan ID or enter a different ID.
      note
      If you enter a Plan ID that is identical to the ID of an existing plan in Planner CS, you will be prompted to enter a new, unique ID.
    2. Assign a preparer to the plan by selecting a preparer from the
      Assigned to
       dropdown list, or select
      <Default>
       if you don’t want to specify a preparer for the new plan.
      note
      The current preparer is automatically entered in this field by default.
    3. Do any of the following optional steps.
      • Enter a description in the
        Plan Description
         field.
      • Enter a keyword in the
        Keyword
         field to help distinguish this plan from other plans. Keywords can be used to search or sort the list of available plans when opening plans via the
        Open Plan
         window.
      • Select the taxpayer's resident state, if licensed, from the dropdown list. (Note the default-resident state is the same resident state that is in the UltraTax CS return. Also note this field is not available when the
        Annualized Plan
         checkbox is marked.)
      • To select nonresident states, if licensed, select the Nonresident States button, mark the state checkboxes, and select OK. (Note the default nonresident states are the same nonresident states that are in the UltraTax CS return. Also note this button is not available when the
        Annualized Plan
         checkbox is marked.)
      • Select the Set Password button and enter a password if you want to password-protect plan data.
      • Select the
        Client Information
         tab and enter information such as client name, address, Social Security number, and date of birth.
        note
        The taxpayer's and spouse's dates of birth are used in various federal and state calculations.
    4. The name, Social Security number, date of birth, and address from the UltraTax/1040 client are imported automatically to Planner CS. Select the
      Client Information
       tab to view or modify this information.
    5. Select
      OK
      . Planner CS creates the data file and automatically opens the main data-entry window for the new plan.
    note
    • You may want to edit the plan data after creating the TCJA Comparison Plan. For example, enter the amount of income or loss for the qualified business income deduction for business activities on the
      Activities
      ,
      Data Entry
       button
      Qualified Busn Inc
       tab.
    • The TCJA Comparison Plan includes a third column that displays the difference between the first two columns for each row in the plan. Choose
      View
      ,
      Difference Analysis
       to exclude the Difference Analysis column from the plan.
    • When a TCJA Comparison Plan is open, certain Planner CS menu commands, such as adding or deleting years or alternatives, and the MFS Split utility, are unavailable.
    note
    After you import data from UltraTax/1040 to an existing plan or a new plan, the
    Import Tips
     window appears if certain calculated differences between the tax return and the plan have been detected by Planner CS.

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