Process Form 2290 for clients filing in multiple periods during the tax year
To prepare Form 2290 returns for multiple periods, complete the steps below.
- Create a 2290 client by choosingFilethenNew Clientand select the2290 Heavy Vehicle Use Taxoption.
- In the client's return, open the2290screen in theGeneralfolder.
- Enter the client's general information. This information applies to every return you process for this client in UltraTax CS.
- Open theReturnscreen in theReturnfolder.
- Select the month in theMonth vehicle(s) first used in tax yearfield.
- Mark theCalculate this unitfield in the Return Information section.note
- UltraTax CS calculates Form 2290 returns for one period at a time.
- When a new Return unit is added to a client's return, UltraTax CS automatically marks this field. If you want to process a different unit, select that unit from the tab's dropdown menu and mark this field for that period.
- We recommend that you fully complete and file the 2290 return for 1 tax period before beginning data entry in another tax period unit.
- Enter the remaining data for the chosen tax period on theReturnscreen andELF screen.
- File Form 2290 for the selected tax period by either printing and mailing the return or by electronically filing the completed tax return.noteWe recommend that you receive the stamped Schedule 1 from the IRS for the tax period filed before beginning data entry in another tax period unit.
- Once the client has successfully filed Form 2290 for a tax period, open the client's tax return.
- Make sure that copies of previously filed returns are on file in your document management system.
- Select theReturnfolder to open theReturnscreen.
- Add another unit of theReturnscreen.
- Select the month in theMonth vehicle(s) first used in tax yearfield.
- Verify in the folders block that another unit displays so you don't modify data from previously filed tax returns.note
- The month you select for the unit in theMonth vehicle(s) first used in tax yearfield will display in the folders block.
- Multiple units will often be distinguishable by the different tax period selected.
- If the client chooses to file Form 2290 multiple times per month or chooses to amend a return previously filed for the same tax period, multiple units will be labeled with the same month. Verify that you have added a unit for each unique Form 2290 return.
- Mark theCalculate this unitfield in the Return Information section.
- Enter the remaining data for the selected tax period on theReturnscreen andELFscreen, as necessary.
- File Form 2290 for the selected tax period by either printing and mailing the return or by electronically filing the completed tax return.
