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Screen FOReturn - Florida PPT - Tangible Personal Property
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Overview
Use this screen to enter information specific to each unit. One return is required for each physical location.
note
- UltraTax/Florida PPT prints one copy of Form DR-405 for each unit of the FOReturn screen.
- If this return has depreciable assets, select theAssettab in the federal activity and enter PPT information for each asset before you enter data in the FOReturn screen.
- You'll need to complete theLocationandPPT Type - FLboxes and enterFloridainSitusfor each asset in the Asset Detail window for the federal activity for Form DR-405.
General Information
Use this section to enter general information for Form DR-405 for the corresponding unit only.
Unit
UltraTax CS automatically enters the next available number. If desired, you can overwrite this number but you cannot leave the box blank. UltraTax CS uses this information to gather and coordinate information for the assessable business location.
Location
UltraTax CS transfers to this box the location data that you entered in
Location
in the Asset Detail window. UltraTax CS creates one property tax return for each unique location entered. In order for the assets in the Asset tab to transfer correctly, you'll need to select the Asset
tab, select Setup
, then Associations
, and select Enable
. Select Location
in the list, and then select Properties
. Add the location for each return you want to create. After you have entered the locations, select Edit
, then Reassign Assets
and then assign a Location
to the assets.note
- If the return has no depreciable assets, and you have enteredXinCreate return, only if this return has no depreciable assets, you may enter the location in this box.
- UltraTax CS uses the location that you enter as the description for this input screen unit in the folders block.
Create return, only if this return has no depreciable assets
If the return has no depreciable assets, enter
X
to have UltraTax CS create a unit of this screen. After you enter X
, UltraTax CS lets you enter the physical location of the property.Physical location of property
Enter the physical location of property. If this is left blank, the entry in
Location
transfers to Actual Physical Location of Property
on Form DR-405.County name
Enter the county name in which this business is located, or select F4 to select a county from the fieldview for this location. If you leave this blank, UltraTax CS defaults to
County name
in the FOGen screen.Business name
Enter the business name for this location. If you leave this blank, UltraTax CS defaults to information entered in
Business name
in the FOGen screen. If that box in the FOGen screen is blank, UltraTax CS defaults to the federal client name.Indicate name to print on return
Enter
T,
S
, or J
to indicate the taxpayer, spouse, or joint name(s), or select F4 to select an option from the fieldview for this return only. If you leave this blank, UltraTax CS defaults to the information entered in Indicate name to print on return
in the FOGen screen. If that box in the FOGen screen is blank, UltraTax CS defaults to the federal taxpayer name.note
This applies only to 1040 clients.
Doing business as
Enter the Doing Business As name for this location. If you leave this blank, UltraTax CS defaults to
Doing business as
on the FOGen screen. If that box in the FOGen screen is blank, UltraTax CS defaults to the federal DBA name.EIN
Enter the federal employer identification number for this location. If you leave this blank, UltraTax CS defaults to
EIN
in the FOGen screen. If that box in the FOGen screen is blank, UltraTax CS defaults to the federal EIN.Business address: Number and street
Enter the business street address for this location. If you leave this blank, UltraTax CS defaults to
Business address: Number and street
in the FOGen screen. If that box in the FOGen screen is blank, UltraTax CS defaults to the federal address.Business address: City, state, zip code
Enter the business city, state, and zip code for this location. If you leave these blank, UltraTax CS defaults to
Business address: City, state, zip code
in the FOGen screen. If the boxes in the FOGen screen are blank, UltraTax CS defaults to the federal city, state, and zip code.NAICS code
Enter the NAICS code for this location. If you leave this blank, UltraTax CS defaults to
NAICS code
in the FOGen screen. If that box in the FOGen screen is blank, UltraTax CS defaults to the federal business code for 1120 and 1065 clients.Type or nature of your business
Enter the type of business for this location. If you leave this blank, UltraTax CS defaults to
Type or nature of your business
in the FOGen screen.Date business began in county
Enter the date on which business first commenced for this location. If you leave this blank, UltraTax CS defaults to
Date business began in county
in the FOGen screen. If that box in the FOGen screen is blank, UltraTax CS defaults to the federal date incorporated for 1120 and 1065 clients.Title of person signing return
Enter the title of the person signing the return for this return only. An entry in this box appears in the signature area of this return. If you leave this blank, UltraTax CS defaults to
Title of person signing return
in the FOGen screen. If that box in the FOGen screen is blank, UltraTax CS defaults to the federal officer’s title for 1120 clients.General footnote
Use this statement window to enter any supplemental information that should be submitted with the return.
Contact Information
Use this section to enter contact information for Form DR-405 for the corresponding unit only.
Name
Enter the name of the person in charge of the business for this location. If you leave this blank, UltraTax CS defaults to
Name
in the FOGen screen. If that box in the FOGen screen is blank, UltraTax CS defaults to the federal officer name for 1120 clients.Telephone number
Enter the telephone number for the person in charge of the business for this location. If you leave this blank, UltraTax CS defaults to
Telephone number
in the FOGen screen. If that box in the FOGen screen is blank, UltraTax CS defaults to the federal telephone number.Corporate name
Enter the company name that the person in charge of the business is employed by for this location. If you leave this blank, UltraTax CS defaults to
Corporate name
in the FOGen screen. If that box in the FOGen screen is blank, UltraTax CS defaults to the federal DBA name (1120 and 1065 returns), the fiduciary name (1041 return), and the client name (1040 return).Return Information
Use this section to enter information for Form DR-405 for the corresponding unit only.
County identification, parcel, folio, or account number
Enter the county identification number for this location. If you leave this blank, UltraTax CS defaults to
County identification
in the FOGen screen.Exemption Application and Return (form DR-405EZ) filed in prior year
Enter
X
to suppress the printing of Form DR-405 for this return only. If you leave this blank, UltraTax CS defaults to Exemption Application and Return (form DR-405EZ) filed in prior year
in the FOGen screen.Name used on most recent tangible return
Enter the name used on the most recent Florida PPT return if it is different from the name on the current return for this return only. If you leave this blank, UltraTax CS defaults to
Name used on most recent tangible return
in the FOGen screen.Trade level
Enter
X
in each of the options that apply for the corresponding unit only. If you do not select any options, UltraTax CS defaults to the Trade level
options selected in the FOGen screen.Was a return filed in this county last year
Enter
1
for Yes or 2
for No, or select F4 to select an option from the fieldview for this return only. If you leave this blank, UltraTax CS defaults to Was a return filed in this county last year
in the FOGen screen.Was a return filed in this county last year: If so, under what name and where
Enter the name on the previous year’s return and where the return was filed for this return only. If you leave this blank, UltraTax CS defaults to
If so, under what name and where
in the FOGen screen.Former owner of business
Enter the name of the former owner, if the business was sold and this return is being prepared for the purchaser for this return only. If you leave this blank, UltraTax CS defaults to
Former owner of business
in the FOGen screen.Name of purchaser, if business sold
Enter the name of the purchaser of the business, if the business was sold and this return is being prepared for the seller. If you leave this blank, UltraTax CS defaults to
Name of purchaser, if business sold
in the FOGen screen.Date of sale
Enter the date of the sale of the business if the business was sold for this location. If you leave this blank, UltraTax CS defaults to
Date of sale
in the FOGen screen.Exemption
If claiming an exemption against the value of tangible assets, select the exemption code for this return only. If the exemption claimed is Other, describe the reason for exemption in the
Other exemption description
statement window. If you leave this blank, UltraTax CS defaults to Exemption
in the FOGen screen.Date return filed
The date entered in this box becomes the due date of the return in the filing instructions for this return only. If you leave this blank, UltraTax CS defaults to
Date return filed
in the FOGen screen.note
Use this to customize the date due on the filing instructions. Enter the date you want to appear on the filing instructions, and insert the variable [date filed f/t] in place of the variable [due date ASAP f/t] in the filing instructions. If this box is blank, the date defaults to the due date of the return (original or extended).