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Screen OtherTax - SE, Other Taxes, 4137, 8919 (1040)
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Overview
Use this screen to enter information that directly transfers to, or eventually transfers from, other forms and schedules to the 1040 return.
Schedule SE
Use this section to enter self-employment information that transfers to Schedule SE and Page 2 of the 1040 return. UltraTax CS generates one schedule for the taxpayer and one for the spouse, if applicable. In addition, UltraTax CS automatically generates the Self-Employed Earnings Worksheet to show the origin of self-employment income.
note
To force Schedule SE to print if it has data and whether or not it is required, choose Setup > 1040 Individual. Click the Tax Return button in the Collation group box. Click the
Pages that can be forced to print
option in the Focus group box at the top of this dialog. Choose the collation (Government, Client, or Preparer) that you want to modify. Choose Schedule SE, then mark the Always if data
option. Click OK when done.Method used
Enter the code that corresponds to the method used to calculate net earnings. The codes are listed in the table that follows and in the fieldview.
Code | Description |
|---|---|
1 | Regular (default) |
2 | Farm optional |
3 | Nonfarm optional |
4 | Both 2 and 3 |
Form 4029 filed with IRS
Enter
X
in this field if Form 4029, Application for Exemption From Social Security and Medicare Taxes and Waiver of Benefits, has been filed with the IRS for the taxpayer and/or the spouse. If an X
is entered in this field, the message "EXEMPT-FORM 4029" prints on the field to the left of Page 2, line 57 of the 1040 return.Electing church wages...
Enter the church employee income from the taxpayer's and/or spouse's Form(s) W-2 if they were not subject to Social Security or Medicare tax withholding. This information transfers to Schedule SE, line 5a.
Nonfarm adjustment to SE income
Enter the amount of the adjustment to the calculated nonfarm self-employment income on line 2 of Schedule SE, Page 2. Negative entries are treated as subtractions from self-employment income.
Farm adjustment to SE income
Enter the amount of the adjustment to the calculated farm self-employment income on line 1 of Schedule SE. Negative entries are treated as subtractions from self-employment income.
Exempt net profit received as a notary public
Enter the amount of profit received as a notary public that is exempt from self-employment tax. UltraTax CS subtracts this amount from the total entered on Schedule SE, lines 1 and 2, and also prints this amount with the text "EXEMPT-NOTARY" to the left of the line 3. If the only source of self-employment income in the return is profit received as a notary public, UltraTax CS prints this amount along with the text "EXEMPT-NOTARY" to the left of Form 1040, line 57.
Chapter 11 bankruptcy income (loss) subject to SE tax
Enter the amount of chapter 11 bankruptcy income or loss subject to self-employment tax. This amount is added to the total entered on Schedule SE, lines 1 and 2, and also prints this amount with the text "Chap. 11 bankruptcy income" to the left of the line 3. Refer to the Schedule SE instructions for more information on reporting requirements for chapter 11 bankruptcy cases.
Tier 1 railroad retirement compensation adjustment
Enter the amount of tax the taxpayer chooses to defer. This amount also transfers to Form 1040, Schedule 3, line 12e.
Other Taxes
Use this section to enter other tax information that transfers directly to Page 2 of the 1040 return. Note that the forms you use to arrive at these totals are listed in parentheses to the right of each field.
A statement is provided for entering other taxes not specifically listed in this or other screens. These amounts also transfer to the appropriate lines on Page 2 of the 1040 return.
Housing credit recapture (Form 8611)
Enter the housing credit recapture from Form 8611, if applicable. This amount is included on line 62 of the return. In the fields to the left of line 60, "LIHCR" and the amount print.
Other taxes
Enter the amount of other taxes to be reported on Page 2, line 62 of the 1040 return. In the fields to the left of line 62, the the words "Other Taxes" and the amount print. A custom fieldview is available in the statement attached to these fields.
note
Electronic filing note:
The IRS had defined certain descriptions for Other Taxes on 1040, Page 2 for electronic filing.Entry | Description |
|---|---|
ADT | Tax on Accumulation Distribution of Trusts |
EPP | Tax on excess Golden Parachute payment |
S453A | Section 453A interest on deferred tax from certain installment sales |
72 (M)(5) | Section 72 tax on distribution of excess benefits from a qualified pension or annuity note
This description must be 72 (M)(5) for electronic filing. |
S72P | 10% tax on distribution of excess benefits from a qualified pension plan or annuity |
NQDC | Income from nonqualified deferral compensation plan |
453(l)3 | Section 453(l)3 interest on deferred tax from certain installment sales |
1260(B) | Section 1260(B) interest on deferred tax for open constructive ownership transactions |
Deduction for Capital construction fund
Amounts entered in this field transfer to the taxable income line on Form 1040, Page 2. Taxable income is reduced by this amount and "CCF" prints immediately to the left of the line.
IRC section 1341 credit
Amounts entered in this field will be reported on Form 1040, line 73. Box d will be marked the the text "I.R.C. 1341" will print to the right of line 73.
Other tax payment
Amounts entered in this field will be reported on Form 1040, line 73. Box d will be marked and the text "Tax" will print to the right of line 73.
Form 8978, line 14 - Total increase/decrease
The amount you enter here is reported differently, depending on whether the amount is positive or negative.
Positive amount
- Form 1040/1040-SR/1040-NR, line 16: Box 3 is marked and "Form 8978" prints to the left of line 16.
Negative amount
- Form 1040/1040-SR/1040-NR, Schedule 3, line 61.
Form 4137 - Social Security/Medicare Tax on Unreported Tips
Use the General information statement for the taxpayer and/or spouse to enter unreported tip income that transfers to Form 4137. Only enter information that was not already reported on a W-2. One form for the taxpayer and one for the spouse generates, if applicable.
Cash and charge tips < $20...
Enter the total cash and charge tip income received but not reported because it was less than $20 per calendar month.
Explanation for not reporting tips to employer
If tips were not reported to the employer as required, a penalty equal to 50 percent of the social security and Medicare taxes due on the tips can be imposed. If there was reasonable cause for not reporting the tips, use the statement to enter the explanation for why the tips were not reported to the employer. This statement will print with the return. If electronic filing is used, this statement is included in the electronic file sent to the IRS.
Form 8919 - Social Security/Medicare Tax on Unreported Wages
General information
Use the General information statement to enter the information necessary to calculate Form 8919 for the taxpayer and/or spouse. If the EIN or SSN is not known, leave that column bland and "Unknown" prints on Form 8919, line 1, column b.
note
When the
Require a password to display SSNs
box is marked in the Setup
, Security
, Security Configuration
tab, the Social Security number will display as "###-##-####." For more information about masking Social Security numbers, refer to Masking SSNs for 1040 clients with preparers outside the U.S.