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Prepare 1120 electronic returns

Follow these steps to enter all data specifically needed for electronic returns, and to create the electronic file for 1 client or for multiple clients (batch processing).

note

When UltraTax CS creates electronic files, the application automatically deletes any untransmitted electronic files for a client.

If you use a 3rd-party application vendor to transmit 1120 returns, UltraTax CS places the electronic file in the location you specified in Setup
, User Preferences
, File Locations
tab.

If you use a 3rd-party application vendor as your transmitter, UltraTax CS creates the electronic file without checking for errors when you print the return. The 3rd-party application vendor checks for errors in these returns.

Enter the client's tax data.

Select the Electronic Filing folder.

Enter X
in the File this return electronically
field.

Complete the Signature date
field.

note

This field is mandatory if you use the Practitioner Personal Identification Number (PIN) option to electronically sign the return. If you select the Use current date
option in the When Form 8879 (etc.) signature date(s) are not entered
field in the Setup
, Office Configuration
, Print Options
tab, you don't need to complete the Signature date
field. UltraTax CS prints the current date on Form 8879 and includes the form in the electronic file.

If you use the Practitioner PIN option to sign the return electronically, enter the PIN information in the ELF screen. If you use the scanned Form 8453 option, leave this field blank.

Select View
, then Diagnostics
to review the diagnostic messages in the

Federal Diagnostics

window. Select any item displayed in the window to open the corresponding screen to address the diagnostic message. Verify that you've cleared all Critical and ELF Critical diagnostic messages and have reviewed the FYI diagnostic messages, then close the

Federal Diagnostics

window.

Thomson Reuters can send the client an email notification on your behalf when the federal and state returns are accepted. You need to select this option in the client's return before you create the electronic file.

Select File
, then Print Returns
.

When you create the federal electronic file, UltraTax CS automatically creates the state electronic file. UltraTax CS generates a state FYI diagnostic message that indicates a state electronic file was created. You can file a paper return for the state and suppress the creation of the state electronic file.

note

Except for PDF attachments for electronic files, the IRS doesn't let you submit additional paperwork to the taxing authority.

By default, the government collation includes only the forms needed to be submitted to the taxing authority when you file an electronic return. To change these collations, select Setup
, then 1120 Corporation
to open the

1120 Product information

window. Select the Federal
or state tab (Federal or state), then Tax Return
to change the print collation for all electronic returns. Thomson Reuters strongly recommends using the default collation. This won't affect which forms are included in the electronic file.

Mark the Government copy
and the Create electronic files
checkboxes.

note

To create the return or check the return for electronic filing errors without printing forms, mark only the Government copy
and Create electronic file
checkboxes in the

Print Returns

window.

To check for errors without creating the electronic file, select Check E-File
.

To check for errors and create the electronic file, select E-File
.

If you use a 3rd-party application vendor to transmit returns, mark the Create electronic file (for 3rd Party)
checkbox to create the electronic file.

Select Options
, and mark the Federal
and any state checkboxes.

note

If you're creating the FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), clear the Federal
and any state checkboxes, and mark the FinCEN Form 114
checkbox.

To create electronic files for multiple clients at the same time, select Clients
and the clients.

Select Preview
to view the return on screen, Print
, or E-File
. When you select Preview
or Print
, UltraTax CS checks for errors in the electronic file.

note

You need to select Print
or E-File
in the

Print Returns

window to create the electronic file. Selecting Print Preview
in the toolbar or Preview
in the

Print Returns

window doesn't generate the electronic file.

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Prepare 1120 electronic returns