Amend a consolidated return

To amend an 1120 Consolidated C Corporation return, follow the steps below.
  1. Open your 1120 Consolidated C client in UltraTax CS.
  2. Access the Amend Screen, in the Separate Filings folder.
  3. Enter an X in the
    Transfer original information
    checkbox, which will populate the
    Amounts as Previously Reported
    .
    note
    If, after marking the
    Transfer original information
    checkbox, the
    Amounts as Previously Reported
    fields are not completed, unmark the
    Transfer original information
    checkbox and go to File then Preview. Once the preview is complete, close the Preview and re-mark the
    Transfer original information
    checkbox.
  4. Enter the
    Explanation of changes
    on the Amend Screen, in the Separate Filings folder, in the consolidated client.
  5. If a state return is attached to the client and also needs to be amended, access the Amend Screen, in the Separate Filings folder, within the state input screens, and complete the data entry.
  6. Make the changes at the federal level within the parent, subsidiary, and/or eliminations returns.
    note
    Amended consolidated returns can be e-filed. Follow the steps in Preparing 1120 amended returns for electronic filing in the consolidated return. There is no need to follow those steps in the parent, subsidiary and/or eliminations returns to e-file the consolidated return.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close