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Return Presentation tab (1040)
Show all hidden content
Use this tab to set various return presentation options that will apply to all 1040 clients.
To view this tab, choose Setup and then 1040 Individual, select the Federal tab, select the Other Return Options button, then select the Return Presentation tab.
note
- Depending on your security configuration, you might be prompted to enter the master password before you can open an entity type tab.
- The options set in this dialog in the prior year of UltraTax CS will proforma automatically.
- The options set in this dialog will also apply to 1040 clients whose data was converted from another tax application.
Vouchers
Print Form 1040-ES in scannable format
Mark this box to print Form 1040-ES vouchers in scannable format. The scannable format increases IRS speed and accuracy when applying appropriate amounts to the proper accounts (taxpayer identification and year).
note
This option applies to all 1040 clients.
Print only vouchers with balance due
Mark this box to print just the vouchers with an amount due. If the
Amount of estimated tax you are paying by check or money order
box on Form 1040-ES is blank, 1040-ES vouchers will not print. This option is only available for 1040-ES vouchers in the scannable format.note
This option applies to all 1040 clients.
Print Form 1040-ES in OCR-A format
Mark this box to print Form 1040-ES vouchers in OCR-A (optical character recognition) format.
note
- This option applies to all 1040 clients.
- The UltraTax CS Form 1040-ES OCR-A-formatted vouchers have not been approved by the IRS.
Using IRS envelopes with window right-justified
Mark this box to print the IRS mailing address on the right side of Form 1040-ES vouchers in OCR-A (optical character recognition) format. UltraTax CS prints the address on the left side by default.
note
This option applies to all 1040 clients.
Print Form 1040-V in scannable format
Mark this box to print Form 1040-V vouchers in scannable format. The scannable format increases IRS speed and accuracy when applying appropriate amounts to the proper accounts (taxpayer identification and year).
Print Form 4868 in scannable format
Mark this box to print Form 4868 in scannable format. The scannable format increases IRS speed and accuracy when applying appropriate amounts to the proper accounts (taxpayer identification and year).
note
- This option applies to all 1040 clients.
- Form 4868 does not print in a scannable format when electronically filing the Form 4868 extension.
Print copy of extension with tax return
Mark this box to print a copy of Form 4868 or Form 2350 in the client and preparer collations of the tax return. The copy will print with the text "COPY— Do not file" at the top of the page.
Other
Print Schedule A (AGI) line 2 if not required
Mark this box to print "AGI Limitations" on Schedule A, line 2, even when the IRS does not require this information.
note
- This option applies to all 1040 clients.
- If you indicate that you want Schedule A, line 2 to print when they are not required, this may cause the IRS to reject an electronically filed return.
Print tax-exempt interest and dividends on Schedule B
Mark this box to print tax-exempt interest and dividends on Schedule B even though the IRS does not require them to be reported separately on Schedule B.
note
This option applies to all 1040 clients.
Print total pension and IRA distributions if not required
Mark this box to print on Form 1040, line 4a, the total pension and IRA distributions received even when the IRS does not require this information.
note
This option applies to all 1040 clients.
Print Form 8283 Columns (e), (f), and (g) if not required
Mark this box to print Form 8283, Page 1, columns (e), (f), and (g) even when the IRS does not require this information.
note
This option applies to all 1040 clients.
Print Form 9325 taxpayer mailing address left-justified
Mark this box to print the client mailing address on the left side of Form 9325. UltraTax CS prints the address on the right side by default.
note
This option applies to all 1040 clients.
Print FinCEN Form 114 continuation pages if not required
Mark this box to print FinCEN Form 114 (FBAR), Parts II and III even if the total number of accounts is 25 or more. The U.S. Department of the Treasury does not require Parts II and III to be completed and submitted if the taxpayer has 25 or more foreign accounts.
note
This option applies to all 1040 clients.
Print X's for RTN and bank account number when blank
Mark this box to print multiple
X
in the direct deposit section of an applicable form if the refund disbursement method will not be direct deposit.Leave Schedule B, Part III foreign account questions blank unless required
Mark this box if you prefer to leave the Schedule B, Part III foreign account and trust questions blank, unless taxable interest and/or ordinary dividends exceed $1,500. When this box is not marked, UltraTax CS will issue informational diagnostics indicating that the foreign account and trust questions have not been answered, regardless of whether taxable interest and/or dividends are present in the return.
Sort Schedule B interest and dividend items before printing
Mark this box if you want Schedule B interest and dividend items to be sorted alphabetically when you print the return. If you do not mark this box, the items will print in the order in which you entered them.
note
- This option applies to all 1040 clients.
- This option applies only to interest and dividend items entered in the B&D Screen. It does not apply to seller-financed interest in the B&D Screen, passthrough interest and dividends in the K1-2 and/or K1T-2 Screens, or interest and dividends in the Broker Screen.
Ignore Third Party Designee information on the Contact Screen
The third party designee information prints when required. Mark this box to ignore third party designee information on the Contact Screen and instead use information in the Preparer Information dialog. (Choose Setup, Office Configuration, and then Preparers tab and select the
Edit
button.) If you do not mark this box, the Contact Screen information will report on Schedule 6 (1040), and the 3rd Party Designee box on the Paid Preparer block on Form 1040, Page 1, will not be marked.note
- This option applies to all 1040 clients.
- To override this option on a per client basis, mark theForce Third Party Designee informationfield on the Contact Screen. For example, use this field to report someone other than the paid preparer as the third party designee.
Include taxpayer daytime telephone number: Signature blocks
Mark this box to print the taxpayer's daytime telephone number (as entered in the
Daytime telephone/ext number
field in the 1040 Screen in the General folder) in the signature block or Other Info area of the following forms.- Form 1040-SS
- Form 1040-PR
- Form 1040 Tax Reconciliation Worksheet, Page 2
note
- This option applies to all 1040 clients.
- The option chosen here also applies to state returns that have an optional daytime telephone number in the return signature block.
Include taxpayer daytime telephone number: Non-signature blocks
Mark this box to print the taxpayer's daytime telephone number (as entered in the
Daytime telephone/ext number
field in the 1040 Screen in the General folder) in the non-signature block area of the following forms.- Form 1040X
- Form 8821
- Form 2848
- Form 1045
note
- This option applies to all 1040 clients.
- The option chosen here also applies to state returns that have an optional daytime telephone number in a non-signature block area of the forms.
Include email address in signature blocks
Mark this box to print the email address. The Contact Screen
Tax matters person
field will be used to determine which email address (taxpayer or spouse) is reported on the return in the signature block are of the following forms.- Form 1040
- Form 1040-SR
note
- This option applies to all 1040 clients.
- The option chosen here also applies to state returns that have an email address in a signature block area of the forms.
Default Recovery Rebate Credit Wrk to only calculate when EIP data exists
By default the Rebate Recovery Credit Worksheet will always calculate. If the Economic impact payment 3 (EIP3) fields on the Cr Screen are blank the worksheet will calculate as if the taxpayer did not receive an EIP3. To only calculate the worksheet when there is data in the EIP3 fields select this option. EIP3 fields allow zero to be entered.
Default for the B&D Screen, Schedule for detail, Form 8949 transactions
Transactions are reported on the Form 8949 based upon how the information was reported to the IRS:
- Box A or D = Form(s) 1099-B reported basis to the IRS
- Box B or E = Form(s) 1099-B reported basis was not reported to the IRS
- Box C or F = Transaction was not reported on Form 1099-B
- Report on Sch D - 1099-B with basis reported to IRS no adjustments
UltraTax CS/1040 defaults to Box C treatment when the B&D Screen
Schedule for detail
statement dialog, 8949 Box
field is blank. To change the default behavior for all clients, select the desired copy of Form 8949 from the drop-down list in this dialog. Information entered in the B&D Screen 8949 Box
field will override the default selection chosen here.note
The IRS allows certain transactions to be combined and the total amount to be reported directly on Schedule D without being reported on Form 8949 only if the following are true:
- the transactions are reported on a Form 1099-B (or substitute) that indicates basis was reported to the IRS, and
- the Form 1099-B (or substitute) does not report a disallowed wash sale loss in box 5.
Minimum number of transactions to print Sch D, Line 1a/8a worksheets
By default, UltraTax CS/1040 prints Schedule D Line 1a/8a Worksheets when two or more transactions exist. To change the default amount, enter the desired minimum number of transactions in this field. To remove these worksheets from your return collation, customize the return collation and set the Schedule D Line 1a/8a Worksheets print condition to Never.
Automatically complete Special relief (COVID-19) (Pen Screen)
When this option is marked, UltraTax CS automatically enters
1
in the the Special relief
field on Pen Screen in the Payments folder.The Notice 2020-18 relief, July 15, 2020, will automatically apply to the following when the
Special relief
field is set to 1
on 1040-US software version 19.3.6 or later:- return due dates
- electronic funds withdrawal (EFW) requested payment date
- first quarter estimate
- penalty and interest calculations
- client documents
note
This deadline is also used by Data Mining.