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Screen GBGen - Georgia Personal Property Tax

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Overview

Use this screen to complete general information questions for Form PT-50P.
note
To enter information specific to each return, use the GBReturn screen. Information entered in the GBGen screen is used for every return generated for the UltraTax CS client.

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 shows the transferred data in blue.
If necessary, you can overrule the transferred amount by entering the amount in the box. The application then shows the new amount in black.
note
  • When you overrule a transferred amount, the application doesn't 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 select Delete overrule or simply enter the original amount in the box.
  • To confirm the accuracy of the overruled amount, right-click the box and select Acknowledge overruled data. The application then turns off 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 record general information for the client’s Georgia PPT return.
Complete return using the GA treatment within the Asset module
Enter
X
 to use data from the
GA
 treatment column in Fixed Assets CS or the asset module in UltraTax CS. If you leave this box blank, UltraTax CS uses data from the
Book
 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, select Utilities, then Fixed Assets CS (Import).
  • To mark the
    Complete return using the GA treatment within the Asset module
     box one time for all new clients, select Setup, [application name], Georgia PPT tab, and select New Client Options.
Use Net Book Value from asset module when Fair Market Value association is blank
Enter
X
 to use the
Net Book Value
 of assets calculated in Fixed Assets CS or the asset module in UltraTax CS for the Taxpayer Returned Value on the form. If you leave this box blank, UltraTax CS uses data from the
Fair Market Value
 association in Fixed Assets CS or the asset module in UltraTax CS.
note
To mark the
Use Net Book Value from asset module when Fair Market Value association is blank
 box one time for all clients, select Setup, [application name], Georgia PPT tab, and select New Client Options.
Taxpayer name / address
Enter the details of Taxpayer name and address to print on Form PT-50P, Page 1.
EIN
Enter the federal employer identification number.
Type of business
Enter
1
,
2
, or
3
 to indicate the type of business, or select F4 to select an option from the fieldview. If you leave this box blank, UltraTax CS defaults the type of business to commercial.
State taxpayer identification (S.T.I.) number
Enter the state taxpayer identification number.
State sales tax number
Enter the state sales tax number.
Name of president or owner
Enter the name of the president of the corporation or the owner’s name. If you leave this box blank, UltraTax CS defaults to the federal officer name for 1120 clients.
Name on business license
Enter the name as it appears on the client’s business license. If you leave this box blank, UltraTax CS defaults to the client name.
Location of supporting records
In this statement window, enter the location of the supporting records for this return(s).
Business telephone number
Enter the business phone number. If you leave this box blank, UltraTax CS defaults to the federal client phone number.
Main business product or activity
Enter the main business product or activity. If you leave this box blank, UltraTax CS defaults to the business activity entered in federal Screen OthInf for 1120 clients, or in federal Screen 1065 for 1065 clients.
NAICS number
Select an option from the fieldview for the North American industry classification system number.
New owner: Name / … / City, state, zip code
Enter the new owner’s name and address to complete Form PT-50P, Page 2, line 17.
Date business began in this county
Enter the date on which business first commenced.
note
If you leave this box blank, UltraTax CS defaults to the federal date incorporated for 1120 and 1065 clients.
Return filed last year
Enter
1
 for Yes or
2
 for No, or select a response from the fieldview.

Contact Information

Use this section to enter contact information for the client’s Georgia PPT return.
Name
Enter the contact person’s name. If you leave this box blank, UltraTax CS defaults to the federal officer name.
Title
Enter the contact person’s title. If you leave this box blank, UltraTax CS defaults to the federal officer title.
Telephone number
Enter the contact person’s telephone number. If you leave this box blank, UltraTax CS defaults to the federal client phone number.
Home office telephone number
Enter the contact person’s home office phone number.
Fax number
Enter the contact person’s fax number. If you leave this box blank, UltraTax CS defaults to information entered in the federal Contact screen.
E-mail address
Enter the contact person’s email address. If you leave this box blank, UltraTax CS defaults to information entered in the federal Contact screen.

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