Tax return PDF extraction

Capturing tax return data

Create a new client in the tax application. The tax year must match your client's tax return PDF.
Example
: If your tax application is UltraTax CS, you'll create a new 2024 Client ID for UltraTax CS with the minimum required information. The previous tax year should match the PDF you are extracting the proforma from.
In FileRoom, open the 
Create New Binder
window, select the
SurePrep Predefined
template for the same tax year as your client's tax return PDF. Don’t submit tax returns from different tax years. Next, select
Browse
to upload the tax return PDF.

Enter the required client details (such as
Client ID
,
Account Number
, or
Locator Number
) for the new client that you created in the tax application.

SurePrep will extract the data and verify it (if the 1040SCANverify service is selected).
In SPbinder, you can open the
Binder Information
window to check if the tax return draft was captured.

Once the binder is verified export data to the tax application.


After the data is exported, go to your tax application, then roll over the tax return ID to the current tax year and use it to create the current year binder and the DRL in TaxCaddy.
The client's proforma data that SurePrep was able to capture will be available automatically for the current tax year.

Forms captured

1040 (including schedules 1 - 3)
1040NR - Pages 1 - 2
Schedule A
Schedule B (K-1 will be ignored)
Schedule C
Schedule D - for Carryovers only
Schedule E - Pages 1 and 2
Form 1116 - Foreign Tax Credit (including Carryovers)
Form 2555 - Foreign Earned Income
Form 4562 - Depreciation & Amortization/Schedules
UltraTax CS and UltraTax CS (Virtual Office CS or SaaS) - the form will be bookmarked only.
Lacerte - the form won’t be captured or bookmarked.
Form 8283 - If a Tax Return Draft has Schedule A as well as Form 8283, then OCR will always capture data from Form 8283 instead of Schedule A
Form 8582 - Passive Activity Loss Limitations carryovers
Lacerte - Bookmark only
Form 8938 - Foreign Financial Assets
FinCEN Form 114 - Report of Foreign Bank and Financial Accounts
State Refund
Qualified Dividends
Estimate Tax Payments and Extension Payments (Federal)
W-2 Box 1, 2, 3, 4, 5 and 6 (statement page)
1099-R (Federal tax withheld of IRA/Pension from statement page)
Schedule F (Output Form) Gross Receipts, Other Income, Other Expenses - Cash basis and Gross Receipts, Other Expenses - Accrual basis
Form 2441
Form 8863 - Education Credits

Requirements

Identify tax application