Triva isn't available right now.
Check out the support page for our phone number and hours
1065 Federal tab
Show all hidden content
Use this tab to enter interest rates and setup information. You can use this window to open other windows to modify default client documents, set invoice prices, modify the default print collations for input screens and returns, modify watch fields, modify default complexity values, and enter other information specific to 1065.
To open this tab, select
Setup
, 1065 Partnership
, then select the Federal
tab.note
Depending on your security configuration, you may have to enter the master password before you can open any entity type's tab.
Fields and buttons
Interest rates group box
Interest rates
UltraTax CS displays known rates. To change the rate for any of the displayed periods, select the appropriate field and enter the new rate as a whole number. For example, enter
11
for 11 percent.Document format group box
Separate pages for transmittal letter and federal and state filing instructions
Select this option if you want UltraTax CS to print a transmittal letter and separate filing instructions for each federal and state return for each client. This is the default option.
note
- To combine the transmittal letter and all filing instructions (federal and state) into one document in letter format, selectCombine Transmittal Letter and Filing Instructions in letter format.
- To print a separate transmittal letter, but combine the federal and state filing instructions, selectSeparate Transmittal Letter, but combine federal and state Filing Instructions.
Separate transmittal letter, but combined federal and state filing instructions
Use this option if you want UltraTax CS to print a separate transmittal letter but combine the federal and state filing instructions into one document for each client.
note
- If you select this option, anInstructions Insertbutton replaces theFiling Instructionsbutton in all state tabs. Select this button if you want to view or edit the state's filing instructions.
- The state filing instructions are included in the combined filing instructions at print time but are represented only by a [State Instructions Insert] variable when you selectFiling Instructionsin theFederaltab. You must use theInstructions Insertbutton in the state tabs to view or edit the state instructions before printing.
- The state filing instructions are included in the combined filing instructions when you print them. However, if you select theFiling Instructionsbutton in theFederaltab, the state filing instructions are represented only by a [State Instructions Insert] variable. You have to use theInstructions Insertbutton in the state tabs to view or edit the state instructions before you can print them.
Combine Transmittal Letter and Filing Instructions in letter format
By default, UltraTax CS prints a transmittal letter for each client and separate filing instructions for each federal and state return. Select this option to have UltraTax CS combine the transmittal letter and all filing instructions (federal and state) into one document in letter format for each client.
note
- If you select this option, theFiling Instructionsbutton in theFederaltab isn't available because the federal filing instructions will be included in the transmittal letter. Select theLetters & Emailsbutton to view or edit the federal filing instructions in the letter.
- If you select this option, aLetter Insertbutton replaces theFiling Instructionsbutton in all state tabs. Use this button to view or edit the state's filing instructions.
- The state filing instructions are included in the combined transmittal letter at print time but are represented only by a [State Instructions Insert] variable when you select theLetters & Emailsbutton in theFederaltab. Use theLetter Insertbutton in the state tabs to view or edit the state instructions before printing.
Additional information group box
New Client Options button
Select
New Client Options
to open the New Client Options window. This window lets you set various return presentation, rounding, and other options that apply to new 1065 clients.Other Return Options button
Select
Other Return Options
open the Other Return Options window. This window lets you enter consent information and set return presentation, proforma, rounding, client document, and other options that apply to all 1065 clients.Documents group box
Letters & Emails button
Select
Letters & Emails
to open the Letters & Emails window. You can open the Document Editing window from this window. Use the Letters
tab to add up to five new transmittal letters, or edit the transmittal letters included with UltraTax CS.Filing Instructions button
Select
Filing Instructions
to open the Filing Instructions window. You can open the Document Editing window from this window. Use this window to edit the filing instructions included with UltraTax CS.note
- This button is not enabled if you selected theCombine Transmittal Letter and Filing Instructions in letter formatoption in theDocument Formatgroup box in theProduct Informationtab.
- You can't create new filing instructions, but you can change the filing instructions included with UltraTax CS.
Invoice button
Select
Invoice
to open either the Invoices window or the Invoice Pricing window. - From the Invoice window, you can open the Document Editing window. In the Document Editing window, you can create up to five additional invoices for each application, edit the invoice included in this application, and choose invoice formatting options.
- In the Invoice Pricing window, you can enter the amount to charge per form or item for this application.
note
To override the prices that you set in the Invoice Pricing dialog on a client-by-client basis, with the client open select
View
, then View/Customize Invoice
.Tax Elections button
Select
Tax Elections
to open the Elections window. From the Elections window, you can open the Document Editing window. Use this window to edit the tax elections included with UltraTax CS, or add additional elections.Slipsheets button
Select
Slipsheets
to open the Slipsheets window. From the Slipsheets window you can open the Document Editing window. In this window, you can edit the slipsheets provided with this application.Collation group box
Input Screens
buttonSelect
Input Screens
to open either the Input Screen Printing window or the Data Entry Display window. - Use the Input Screen Printing window to change the default print conditions of the input screens.
- Use the Data Entry Display window to configure the order and visibility of input screens and folders for a specific entity.
note
You can override the collation that were set in the Input Screen Printing dialog on a client-by-client basis. Select
File
, Print Input Screens
, then select the Options
button.Tax Return button
Select
Tax Return
to open the Return Collation dialog to change the default print collations for processed returns.note
To override the collation set in the Return Collation dialog on a client-by-client basis, select
File
, then Print Returns
and select the Options
button.Other group box
Watch Fields button
Select
Watch Fields
to open the Watch Fields window. This window lets you change or remove existing watch fields or their descriptions. You can also restore the default watch fields and descriptions using.note
You cannot add new watch fields using the
Watch Fields
window. To add new watch fields, right-click the desired field in Form view, and choose Watch Field
from the context menu.Client Complexity button
Select
Client Complexity
to open the Client Complexity window. This window lets you change the default complexity values for all clients for both the installed returns and products and the federal input screens. This window also lets you restore the default complexity values or print a report of the complexity values.note
You can define a client-specific complexity value to be added to the calculated value based on amounts that you set in the Client Complexity window or override the calculated complexity value on a client-by-client basis in the
General
folder in screen 1065.