Triva isn't available right now.
Check out the support page for our phone number and hours
New Client Options window
Use this window to set options that will apply to all 990 clients subsequently added to UltraTax CS.
To open this window, select
Setup
, 990 Exempt Organizations
, the Federal
tab, then New Client Options
.note
- Depending on your security configuration, you might be prompted to enter the master password before you can open any entity type's tab.
- All of these options can be overridden on an individual client basis. For details, select the field-specific links below.
Fields and buttons
Estimates, Form 990-T (Screen EstT) group box
Overpayment application
Choose from this dropdown list to instruct UltraTax CS on how to apply any current-year overpayment for Form 990-T.
note
- This option applies to all 990 clients subsequently added to UltraTax CS.
- To set this option on an individual client basis (or to override this option for a specific client), select the appropriate option from the dropdown list for theApplication of current year overpaymentfield on theEstTscreen.
Next year's estimate declaration
Select the appropriate option from this dropdown list to indicate the method for UltraTax CS to use in determining the amount of next year's estimated tax.
note
- This option applies to all 990 clients subsequently added to UltraTax CS.
- To set this option on an individual client basis (or to override this option for a specific client), select the appropriate option from the dropdown list for theNext year declarationfield on theEstTscreen.
Round estimates by
Enter the amount up to which you want to round estimated payments. The estimated payments will be rounded up to the nearest amount indicated.
Example:
To round each estimate payment up to the nearest $10, enter 10
.note
- The application rounds each estimate payment up to the next dollar if nothing is entered here or in theAmount to round up each estimatefield on theEstTscreen.
- This amount applies to all 990 clients subsequently added.
- To set this amount on an individual client basis (or to override this amount for a specific client), enter the appropriate amount in theAmount to round up each estimatefield on theEstTscreen.
Estimates, Form 990-PF (Screen EstPF) group box
Overpayment application
Select the appropriate option from this dropdown list to instruct the application on how to apply any current-year overpayment for Form 990-PF.
note
- This option applies to all 990 Private Foundation clients subsequently added.
- To set this option on an individual client basis (or to override this option for a specific client), select the appropriate option from the dropdown list for theApplication of current year overpaymentfield on theEstPFscreen.
Next year's estimate declaration
Choose from this dropdown list to indicate the method to use in determining the amount of next year's estimated tax.
note
- This option applies to all 990 Private Foundation clients subsequently added.
- To set this option on an individual client basis (or to override this option for a specific client), select the appropriate option from the dropdown list for theNext year declarationfield on theEstPFscreen.
Round estimates by
Enter the amount up to which you want to round estimated payments. The estimated payments will be rounded up to the nearest amount indicated.
Example:
To round each estimated payment up to the nearest $10, enter 10
.note
- The application rounds each estimated payment up to the next dollar if nothing is entered here or in theAmount to round up each estimatefield on theEstPFscreen.
- This amount applies to all 990 Private Foundation clients subsequently added.
- To set this amount on an individual client basis (or to override this amount for a specific client), enter the appropriate amount in theAmount to round up each estimatefield on theEstPFscreen.
Other group box
Create default unrelated business activity (ActivT screen)
Mark this checkbox to create an initial unrelated business activity when starting a new client. A 990T activity called "Unrelated Business Activity" will be added to the
ActivT
screen. If needed, add an unrelated tax code and update the description on the ActivT
screen. If not needed, delete the activity from the ActivT
screen.Print Tax Projection Worksheets (Screen TPW or TPWP)
Mark this checkbox to enable the tax projection worksheets for the 990 or 990PF returns. This option doesn't apply to the 990-T Projection worksheet.
note
To enable this choice on an individual client basis (or to override this option for a specific client), mark the
Print Tax Projection Worksheet
checkbox on the TPW
or TPWP
screen.File the return electronically (Screen ELF)
Mark this checkbox to file the return electronically. This option doesn't apply to Form 990-T returns.
note
- This option applies to all 990 clients subsequently added to the application.
- To make this choice on an individual client basis (or to override this option for a specific client), mark theFile Form 990 / 990-EZ / 990-PF return or 990-N postcard electronicallycheckbox on theELFscreen.
Print expense detail on Form 990, Part IX when not a Section 501c(3), 501c(4), or 4797(a)(1) trust (Screen Exp)
The completion of Form 990, Part II, columns B, C, and D is optional for organizations not classified under section 501(c)(3), 501(c)(4), or 4947(a)(1).
To display the information you entered for these columns, even when the organization is not required to complete these columns, mark this checkbox.
note
- This option applies to all 990 clients subsequently added to UltraTax CS that are not section 501(c)(3), 501(c)(4), or 4947(a)(1) trusts.
- To set this option on an individual client basis (or to override this option for a specific client), mark or clear thePrint expense detailcheckbox on theExpscreen.
Suppress preparer's EIN or PTIN on forms (if not a 4947(a)(1) trust) (Screen OthInfo/990PF)
To suppress the preparer's EIN or PTIN in the preparer's block section of the return, mark this checkbox.
note
- This option applies to all 990 clients subsequently added to UltraTax CS, except for organizations that are section 4947(a)(1) trusts.
- To set this option on an individual client basis (or to override this option for a specific client), mark or clear theSuppress: Preparer's EIN or PTIN on forms, if not a 4947(a)(1) trustcheckbox on theOthInfoor990PFscreen.
Exclude Schedule B from income (Contributor Information window)
Mark this checkbox to limit the use of contributor information to the calculation of Schedule B.
note
- This option applies to all 990 clients subsequently added.
- To set this option on an individual client basis (or to override this option for a specific client), mark or clear theExclude Schedule B from incomecheckbox in theContributor Informationwindow (Go toView,Contributor/Officer, thenContributor Information).
Calculate Schedule A 2% limitation (Contributor Information window)
Mark this checkbox to use the contributor information to calculate Schedule A, Part II, Section A.
note
- This option applies to all 990 clients subsequently added.
- To set this option on an individual client basis (or to override this option for a specific client), mark or clear theCalculate Schedule A 2% limitationcheckbox in theContributor Informationwindow (go toView,Contributor/Officer, thenContributor Information).
Tax return delivery method (Contact screen)
Select
Paper
, Email
, or File
from the dropdown list to specify the delivery method. The method selected will be reported in the Return Delivery column of the Client Communications
screen (accessed from the Setup
menu).note
- You can view the selected tax return method in the client'sContactscreen in theGeneralfolder.
- This option applies to all 990 clients subsequently added to the application.
- For clients whose data was converted from another tax application, the options set in this tab when you first open the client apply.
- To set this option on an individual client basis (or to override this option for a specific client), choose the option from the dropdown list in the Return Delivery column in theClient Communicationswindow (accessed from theSetupmenu).
Mailing address for filing instructions (Letter screen)
UltraTax CS defaults to printing both the U.S. mail and the private delivery address in the filing instructions. To change this default, select the option from this dropdown list.
note
- This option applies to all 990 clients subsequently added to the application.
- To set this option on an individual client basis (or to override this option for a specific client), select the appropriate option from the dropdown list for theMailing address for filing instructionsfield on theLetterscreen.
Taxing authority may discuss return with preparer (OthInfo/990T screens)
Select either
Yes
or No
from the dropdown list to have this response entered for the May the IRS discuss this return with the preparer shown above
question on Form 990, Page 1 or May the IRS discuss this return with the preparer shown below
on Form 990-PF, Page 13 or Form 990-T, Page 2.note
- This option applies to all 990 clients subsequently added.
- The option selected here also applies to state returns that have an authorize to discuss question on the state form.
- To answer this question on an individual client basis (or to override this option for a specific client), select the appropriate option from the dropdown list for theIRS may discuss return with preparerfield on the990Tscreen.
Maximum amount for balance sheet rounding (Bal/BalPF screen)
Enter an amount to indicate the maximum out-of-balance threshold. the application performs an out-of-balance adjustment up to the amount you specify. It doesn't perform any adjustment if the balance sheet is out of balance by more than the amount in this field. UltraTax CS automatically creates an adjustment to accounts payable, or if there is no balance in accounts payable, UltraTax CS adjusts cash to correct an out-of-balance condition between assets and liabilities.
note
- This option applies to all 990 clients subsequently added.
- To set this option on an individual client basis (or to override this option for a specific client), enter a different tolerance in theMaximum amount for balance sheet roundingon theBalorBalPFscreen.