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Balance sheet

Suppress the printing of Form 1120 or 1120-C, Page 6

Follow these steps to suppress the printing of Form 1120 or 1120-C, Page 6 when total receipts for the year and year-end assets equal less than $250,000.
note
If you don't follow these steps, UltraTax CS continues to print Form 1120, Page 6 or 1120-C, Page 5, even if receipts and assets total less than $250,000 and Schedules L, M-1, and M-2, aren't calculating.
  1. Select
    Setup
    , then
    1120 Corporation
    .
  2. Select the
    Federal
     tab, then
    Other Return Options
    .
  3. Select the
    Return Presentation
     tab and mark the
    Suppress printing of Form 1120, Page 6 when receipts and assets are less than $250,000 (C Corp)
     checkbox.
    note
    To set this option on an individual client basis, mark the
    Suppress printing Form 1120, Page 6 when not required
     field on the
    Mc
     screen in the Balance Sheet folder. The field in the
    Mc
     screen isn't available if you mark the respective checkbox in the
    Setup
    ,
    1120 Corporation
    , the
    Federal
     tab,
    Other Return Options
    , the
    Return Presentation
     tab.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1120 Corporation
  • Subject: balance-sheet-m1-m3

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