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Screen FOGen - Florida Personal Property Tax
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Overview
Use this screen to enter information necessary to complete Form DR-405, Tangible Personal Property Tax Return. One return is required for each physical location.
note
To enter information specific to the location, use the FOReturn screen.
Federal-to-state input screen and asset module data transfer
If information is transferred from federal input screens or from the asset module to a state input screen, the application displays the transferred data in blue.
If necessary, you can overrule the transferred amount by entering the amount in the box. The application then displays the new amount in black.
note
- When you overrule a transferred amount, the application does not overwrite that amount with subsequent federal-to-state or asset module data transfers.
- To delete the overruled amount and restore the original transferred amount, right-click the box and selectDelete overruleor simply enter the original amount in the box.
- To confirm the accuracy of the overruled amount, right-click the box and selectAcknowledge overruled data. The application then disables the acknowledge functionality from the right-click menu. To restore the original amount later, you will need to enter it manually.
- If desired, you can set a user preference to mark boxes for which you overruled the transferred amounts and to list all overruled amounts in the Diagnostics window.
Statements
Many data entry boxes provide predefined statements in which you can enter additional information.
Accessing frequently asked questions
To view answers to common questions about calculations and data entry issues, select
Help
, Additional Resources
, then Frequently Asked Questions
.General Information
Use this section to enter general information for the Florida PPT return. This information is used to complete Form DR-405, Page 1, lines 1 to 9a.
Complete return using the FL treatment within the Asset module
Enter
X
to force UltraTax CS to use data from the FL treatment column in Fixed Assets CS or the asset module in UltraTax CS.note
- To regenerate the transfer of information from Fixed Assets CS or the federal asset module, selectUtilities, thenFixed Assets CS (Import).
- To markComplete return using the FL treatment within the Asset moduleone time for all new clients, selectSetup, [application name],Florida PPTtab, and selectNew Client Options.
Use Net Book Value from asset module when Fair Market Value association is blank
Enter
X
to force UltraTax CS to use net book value as the fair market value in the statement windows for the asset categories in the FORet-2 screen.note
To mark
Use Net Book Value from asset module when Fair Market Value association is blank
one time for all new clients, select Setup
, [application name], Florida PPT
tab, and select New Client Options
.County name
Enter the name of the county in which this business is located, or select F4 to select a county from the fieldview. This box applies to all Florida PPT returns for this client. Use
County name
in the FOReturn screen to enter a different county for a particular return.Business name
Enter the business name. This box applies to all Florida PPT returns for this client. Use
Business name
in the FOReturn screen to enter a different name for a particular return. If you leave this 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. This applies to all Florida PPT returns for this client. Use Indicate name to print on return
in the FOReturn screen to enter a different name for a particular return. If you leave this 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. This applies to all Florida PPT returns for this client. Use
Doing business as
in the FOReturn screen to enter a different name for a particular return. If you leave this blank, UltraTax CS defaults to the federal DBA name.EIN
Enter the federal employer identification number. This applies to all Florida PPT returns for this client. Complete the
EIN
box in the FOReturn screen to enter a different number for a particular return. If you leave this blank, UltraTax CS defaults to the federal EIN.Business address: Number and street
Enter the business street address. This applies to all Florida PPT returns for this client. Use
Business address: Number and street
in the FOReturn screen to enter a different address for a particular return. If you leave this blank, UltraTax CS defaults to the federal street address.Business address: City, state, zip code
Enter the business city, state, and zip code. These apply to all Florida PPT returns for this client. Use
Business address: City, state, zip code
in the FOReturn screen to enter a different city, state, or zip code for a particular return. If you leave these blank, UltraTax CS defaults to the federal city, state, and zip code.NAICS code
Enter the NAICS code for this business activity. This applies to all Florida PPT returns for this client. Use
NAICS code
in the FOReturn screen to enter a different code for a particular return. If you leave this blank, UltraTax CS defaults to the federal business code for 1120 and 1065 returns.Type or nature of your business
Enter the type of business. This applies to all Florida PPT returns for this client. Use
Type or nature of your business
in the FOReturn screen to enter a different description for a particular return.Date business began in county
Enter the date on which business first commenced. This applies to all Florida PPT returns for this client. Use
Date business began in county
in the FOReturn screen to enter a different date for a particular return. If you leave this blank, UltraTax CS defaults to the federal incorporated date for 1120 and 1065 clients.Return includes asset additions / deletions through December 31
Enter
1
for Yes or 2
for No, or select F4 to select an option from the fieldview. This applies to all Florida PPT returns for this client.Title of person signing return
Enter the title of the person signing the Florida PPT return. An entry in this box appears in the signature area of the return. This applies to all Florida PPT returns for this client. Use
Title of person signing return
in the FOReturn screen to enter a different title for a particular return. If you leave this blank, UltraTax CS defaults to the federal officer title (1120 return) or the tax matters partner title (1065 return).Contact Information
Use this section to enter contact information for the Florida PPT return.
Name
Enter the name of the person in charge of the business. This applies to all Florida PPT returns for this client. Use
Name
in the FOReturn screen to enter a different name for a particular return. If you leave this blank, UltraTax CS defaults to the officer name (1120 return), the name of the tax matters partner (1065 return), the taxpayer name (1040 return), and the name of the fiduciary (1041 return).Telephone number
Enter the telephone number of the person in charge of the business. This applies to all Florida PPT returns for this client. Use
Telephone number
in the FOReturn screen to enter a different number for a particular return. If you leave this blank, UltraTax CS defaults to the telephone number of the fiduciary (1041 return) and the federal telephone number (for all other returns).Corporate name
Enter the company name that the person in charge of the business is employed by. This applies to all Florida PPT returns for this client. Use
Corporate name
in the FOReturn screen to enter a different name for a particular return. If you leave this 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 the Florida PPT return.
County identification, parcel, folio, or account number
Enter the county identification number. This applies to all Florida PPT returns for this client. Use
County identification, parcel, folio, or account number
in the FOReturn screen to enter a different number for a particular return.Location fully exempt (suppress from printing)
Enter
X
to suppress the printing of Form DR-405 for this client. This applies to all Florida PPT returns for this client.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. This applies to all Florida PPT returns for this client. Use
Name used on most recent tangible return
in the FOReturn screen to enter a different name for a particular return.Trade level
Enter
X
in each of the options that apply to this client. These apply to all Florida PPT returns for this client. Use Trade level
in the FOReturn screen to enter different options for a particular return.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. This applies to all Florida PPT returns for this client. Use Was a return filed in this county last year
in the FOReturn screen to enter a different option for a particular return.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. This applies to all Florida PPT returns for this client. Use
If so, under what name and where
in the FOReturn screen to enter a different name for a particular return.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. This applies to all Florida PPT returns for this client. Use
Former owner of business
in the FOReturn screen to enter a different name for a particular return.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. This applies to all Florida PPT returns for this client. Use
Name of purchaser, if business sold
in the FOReturn screen to enter a different name for a particular return.Date of sale
Enter the date of the sale of the business if the business was sold. This applies to all Florida PPT returns for this client. Use
Date of sale
in the FOReturn screen to enter a different date for a particular return.Exemption
If claiming an exemption against the value of tangible assets, select the exemption code. If the exemption claimed is Other, describe the reason for exemption in the statement dialog. This applies to all Florida PPT returns for this client. Use
Exemption
in the FOReturn screen to enter a different option for a particular return.Date return filed
The date entered in this box becomes the due date of the return in the filing instructions. This applies to all Florida PPT returns for this client. Use
Date return filed
in the FOReturn screen to enter a different date for a particular return. If you leave this blank, UltraTax CS defaults to the original due date of the return.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 is blank, the date defaults to the due date of the return (original or extended).