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Filing

Prepare 706 extensions

Use this procedure to print extension forms for 1 client or a batch of clients.
UltraTax CS prepares Form 4768.
note
  • Form 4768 needs to be paper filed.
  • If the client is applying for an automatic 6-month extension of time to file Form 706, a reason for the extension isn't required on Form 4768; therefore, no reason prints.
  • This procedure prints 1 copy of the extension for each selected client following the government collation defined in the
    Return Collation
     window. If desired, you can modify this collation. For example, to prevent the extension transmittal letter and extension filing instructions from printing with the extension, change the print condition for the extension transmittal letter and extension filing instructions to
    Never
     in the government collation in the Return Collation window in
    Setup
     then
    706 Estate
    .
  1. Open the UltraTax CS client to file an extension for. If the client doesn't yet exist in the current year application, proforma a prior year client or add a new client.
  2. To print an extension with a tax amount or balance due, on the the
    PayExt
     screen in the
    Payments & Credits
     folder, enter the applicable option in the
    Calculate extension
     field, and complete any other applicable fields.
    note
    If you leave the
    Calculate extension
     field blank, UltraTax CS calculates Form 4768 only as an extension of time to file.
  3. Each client's name, address, and extension date prints on the form. If the extension is for Form 706 or 706-NA, UltraTax CS assumes an extended date that is 15 months after the date of death. If the extension is for Form 706-A, UltraTax CS assumes an extended due date of 12 months after the date of taxable disposition/cessation of qualified use.
    note
    The date of taxable disposition/cessation of qualified use is entered on the
    706A
     screen. To print an extended due date other than the default date, enter the date(s) on the
    PayExt
     screen.
  4. Choose
    File
     then
    Print Extensions
    .
    note
    If the security configuration allows for user-defined print options, you can set various print options for all extensions printed from this workstation.
  5. To print extensions for clients other than, or in addition to, the current client, select
    Clients
     and select the clients extensions should print for.
  6. Select
    Print
    .

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