Prepaid federal income tax accrual
The prepaid federal, state, city income tax is accounted for in the tax accrual process, as long as you enter them on the
L
screen, located under the Balance
folder, before you print preview the return. UltraTax CS calculates the state tax accrual adjustment only when you print preview the tax return or close data entry. Therefore, if you change any amounts before or after you calculate the state tax accrual, you'll need to preview the return or close data entry in order to get the new results.
