Skip to main content

Solutions

Products

Recommended products

Questions? We are here to help.
Contact us

Purchase

Questions? We are here to help.

Resources

Processing

Enter authorized acts and signature information

  1. With the tax return open, select the
    Separate Filings
     folder then the
    POA
     tab.
  2. Mark the
    Specific use not recorded on Centralized Authorization File (CAF)
     checkbox if the power of attorney or authorization was granted for a use that isn't specified in the CAF.
    note
    UltraTax CS uses this information to complete Form 2848, line 4, or Form 8821, line 4.
  3. Complete the appropriate
    Authorized acts for Form 2848
     fields to specify which acts are authorized under Form 2848.
    note
    Use the statement dialog for the
    Specific acts not authorized
     field to enter any deletions to the cts listed on Form 2848, line 5b.
  4. Use the
    Percentage of: Residual estate
     field to enter the percentage of the residual estate received by this beneficiary. UltraTax CS calculates the amount of the residual estate on the Allocation of Residual Estate to Beneficiaries Worksheet by multiplying the residual estate available to beneficiaries by this percentage.
    note
    • UltraTax CS adds the amount you entered in the
      Specific amount received
       field to the percentage of residual estate calculated and any specific bequests before printing the total for each beneficiary on Form 706, Part 4. The amount prints even if it's less than $5,000.
    • If allocating a percentage of the residual estate and the residual estate available to beneficiaries is zero, only the amounts entered in the
      Specific amount received
       field and any specific bequests print on Form 706, Part 4.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close