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Processing

709 Federal tab

Use this tab to enter interest rates and setup information for UltraTax CS 709. From this window, you can also open other windows and windows in which you can change default client documents, set invoice prices, and change the default print conditions for input screens and returns, and enter more 709-specific information.
To open this tab, select
Setup
,
709 Gift Tax
, then
Federal
 tab.
note
Depending on your security configuration, a prompt may ask you to enter the master password before you can open any entity type's tab.

Interest rates section

Interest rates
This displays the rates known at the time of shipment. To change the rate for any of the displayed periods, select the field and enter the new rate as a whole number.
Document format section

Separate pages for Transmittal Letter and federal and state Filing Instructions

Select this option to have UltraTax CS print a transmittal letter for each client and separate filing instructions for each federal and state return. Note that this option is marked by default.
note
  • To combine the transmittal letter and filing instructions into 1 document in letter format, select
    Combine Transmittal Letter and Filing Instructions in letter format
    .
  • To print a separate transmittal letter, but combine the federal and state filing instructions, select
    Separate Transmittal Letter, but combine federal and state Filing Instructions
    .
Separate Transmittal Letter, but combine federal and state Filing Instructions
By default, UltraTax CS prints a transmittal letter for each client and separate filing instructions for each federal and state return. Select this option to have UltraTax CS print a separate transmittal letter for each client but combine the federal and state filing instructions into 1 document in letter format.
note
  • If you select this option, the
    Filing Instructions
     button in all state tabs is replaced with an
    Instructions Insert
     button, which you can select to view or edit the state's filing instructions.
  • The state filing instructions are included in the combined filing instructions at print time but are represented only by a {State Instructions Insert} variable when you select
    Filing Instructions
     in the
    Federal
     tab. You will need to use
    Instructions Insert
     in the state tab to view or edit the state instructions before printing.
Combine Transmittal Letter and Filing Instructions in letter format
By default, UltraTax CS prints a transmittal letter and separate filing instructions for each return. To combine the transmittal letter and all filing instructions into 1 document in letter format, select this option.
note
  • If you select this option, the
    Filing Instructions
     button in the
    Documents
     section is not available because the federal filing instructions will be included in the transmittal letter. Select
    Letters & Emails
     to view or edit the federal filing instructions that are contained in the letter.
  • If you select this option, the
    Filing Instructions
     button in all state tabs is replaced with a
    Letter Insert
     button, which you can select to view or edit the state's filing instructions.
  • The state filing instructions are included in the combined transmittal letter at print time but are represented only by a {State Instructions Insert} variable when you select
    Letters & Emails
     in the
    Federal
     tab. Use
    Letter Insert
     in the state tab to view or edit the state instructions before printing.

Additional information section

New Client Options button
Select this button to open the
New Client Options
 window in which you can set options that apply to all 709 clients subsequently added to the application.
Other Return Options button
Select this button to open the
Other Return Options
 window in which you can set options that apply to all 709 clients.

Documents section

Letters & Emails button
Select this button to open the
Letters & Emails
 window from which you can open the
Document Editing
 window. In this window, you can add up to 5 new transmittal letters or edit the transmittal letters provided with this application.
Filing Instructions button
Select this button to open the
Filing Instructions
 window from which you can open the
Document Editing
 window. In this window, you can edit the filing instructions provided with this application.
note
  • This button is not available if you selected \
    Combine Transmittal Letter and Filing Instructions in letter format
     in the
    Document format
     section.
  • You can't create new filing instructions, but you can modify those provided with UltraTax CS.
Invoice button
Select this button to open the
Invoices
 window or the
Invoice Pricing
 window. From the
Invoices
 window you can open the
Document Editing
 window. In this window, you can create up to 5 additional invoices for each application, edit the invoice provided with this application, and select invoice formatting options. In the
Invoice Pricing
 window you can enter the amount to charge per form or item for this application.
note
You can override the prices set in the
Invoice Pricing
 window on a client-by-client basis by selecting
View
, then
View/Customize Invoice
.
Tax Elections button
Select this button to open the
Elections
 window from which you can open the
Document Editing
 window. In this window, you can edit the tax elections provided with this application or add additional elections.
Slipsheets button
Select this button to open the
Slipsheets
 window from which you can open the
Document Editing
 window. In this window, you can edit the slipsheets provided with this application.

Collation section

Input Screens button
Select this button to open the
Input Screen Printing
 or
Data Entry Display
 window. Use the
Input Screen Printing
 window to change the default print conditions of this application's input screens, and the
Data Entry Display
 window to configure the order and visibility of input screens and folders for a specific entity.
note
To override the collation set in the
Input Screen Printing
 window on a client-by-client basis, select
File
, then
Print Input Screens
 and select
Options
.
Tax Return button
Select this button to open the
Return Collation
 window in which you can change the default print collations for returns processed with this application.
note
To override the collation set in the
Return Collation
 window on a client-by-client basis, select
File
, then
Print Returns
, then select the
Options
 button.

Other section

Watch Fields button
Select this button to open the
Watch Fields
 window, which you can use to remove existing watch fields or modify their descriptions. You can also restore the default watch fields and descriptions in the
Watch Fields
 window.
note
You can't add new watch fields using the window opened by this button. To add new watch fields, right-click the field in form view and select
Watch Field
 from the context menu.
Client Complexity button
Select this button to open the
Client Complexity
 window, which you can use to modify the default complexity values for all clients for the installed returns and applications and federal input screens. You can also restore the default complexity values or print a report of the entered complexity values in the
Client Complexity
 window.
note
You can define a client-specific complexity value to be added to the calculated value based on the amounts set in the
Client Complexity
 window or override the calculated complexity value on a client-by-client basis on the
709
 screen in the
General
 folder.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 709 Gift Tax

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