Screen 8275 - Disclosure Statements (1040)

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Overview

Use this screen to enter information to complete Form 8275 or 8275-R. This is a multi-unit input screen. Add additional units when more than 6 lines are needed or when a combination of Form 8275 and 8275-R are needed.
note
To conform to IRS MeF specifications, UltraTax CS does not generate page 2 of Forms 8275 and 8275R. Instead UltraTax CS generates a statement with additional detail, when necessary.

General Information

Use this section to enter foreign entity and pass-through information, if applicable.
Type of disclosure statement
Enter
1
to generate Form 8275 or
2
to generate Form 8275-R. This field is mandatory.
Foreign entity information
Enter the name, EIN, and reference ID number, if applicable. If the foreign entity has already been entered in the 5471 or 8858 folder, you can select it in the name field and the rest of the fields populate automatically.
Information about pass-through entity
Enter the name, EIN, address information, tax year information, and IRS service center where return filed for pass- through entity, if applicable. If the pass through entity has already been entered in the K1 1065, 1120S folder, you can select it in the name field and the rest of the fields populate automatically.

Disclosure Detail

Use this section to complete Parts I and II of the form.
Reg., Rev Rul., Rev. Proc., etc
Use this field to complete column (a) of Part I.
Form or Schedule
Use this field to complete column (b) of Part I.
Item or group of items
Use this field to complete column (c) of Part I.
Line no.
Use this field to complete column (d) of Part I.
Detailed description of items
Use this field to complete column (e) of Part I.
Amount
Use this field to complete column (f) of Part I.
Part II Detailed Explanation
Enter the Detailed explanation for Part II. If the explanation is too long to fit on the form, UltraTax CS generates a statement.

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