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Screen GBReturn - Georgia PPT - Business

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Overview

Use this screen to enter general information for Form PT-50P.
note
UltraTax/Georgia PPT prints one copy of Form PT-50P, Georgia Business Personal Property Tax Return, for each unit of the GBReturn screen.

General Information

Use this section to enter data that is unique to the current unit. If you leave these boxes blank, UltraTax CS will use the information entered in the GBGen screen.
Unit
UltraTax CS automatically enters the next available number in this box. If desired, you can overwrite this number, but you can't leave this box blank. UltraTax CS uses this information to gather and coordinate information for the assessable business location.
Account number
UltraTax CS transfers to this box the account number that you entered in
Location ID #
 in the Asset Detail window. UltraTax CS creates one unit of the GBReturn screen for every unique location ID number entered.
note
  • If the return doesn't have any depreciable assets and you have entered
    X
     in the
    Create return, only if this return has no depreciable assets
     box, you may enter the account number in this box.
  • UltraTax CS uses the account number as the description for this input screen unit in the folders block.
  • Once a unit has been created, UltraTax CS doesn't delete the unit automatically if there is no asset information being transferred to it. If you delete the data on the primary input screen for a unit, any data related to that unit is deleted from all other input screens in the folder. For example, if you delete the data in the GBReturn screen, any data relating to that activity in the GBContac and GBInv screens is also deleted.
County
UltraTax CS transfers to this box the county that you entered in
County - GA
 in the Asset Detail window.
note
  • If the return doesn't have any depreciable assets, and you have entered
    X
     in
    Create return, only if this return has no depreciable assets
    , you may enter the account number in this box.
  • UltraTax CS uses the county to complete the county name and address sections of Form PT-50P.
Create return, only if this return has no depreciable assets
If the return has no depreciable assets, enter
X
 to create a unit of this input screen. After you enter
X
, UltraTax CS makes it possible for you to enter the city or township, which creates a unit of this screen.
note
If this return has depreciable assets, select the Asset tab in the federal activity and enter PPT information for each asset before you enter data in the GBReturn screen.
Taxpayer name
Enter the taxpayer’s name, if you leave this box blank, UltraTax CS defaults to the federal name.
Taxpayer address
Enter the taxpayer’s address. If you leave this box blank, UltraTax CS defaults to the federal address.
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 to information entered in
Type of business
 in the GBGen screen.
note
If the
Type of business
 box in the GBGen screen is blank, UltraTax CS defaults the type of business to commercial.
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 information entered in
Name on business license
 in the GBGen screen.
note
If the
Name on business license
 box in the GBGen screen is blank, UltraTax CS defaults to the client name.
Leave business location blank
Enter
X
 to force UltraTax CS to leave the business located within city limits blank on Form PT-50P.
Location of supporting records
In this statement window, enter the location of the supporting records for this return(s). If you leave this box blank, UltraTax CS defaults to information entered in
Location of supporting records
 in the GBGen screen.
Main business product or activity
Enter the main business product or activity. If you leave this box blank, UltraTax CS defaults to information entered in
Main business product or activity
 in the GBGen screen.
note
If the
Main business product or activity
 box in the GBGen screen is blank, UltraTax CS defaults to information entered in the federal OthInf screen .
Date business began in this county
Enter the date on which business first commenced. If you leave this box blank, UltraTax CS defaults to information entered in
Date business began in this county
 in the GBGen screen.
note
If
Date business began in this county
 in the GBGen screen is 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 F4 to select a response from the fieldview.
General footnote
In this statement window, enter any supplemental information that should be submitted with the return.

Taxpayer Returned Values

Use this section to complete the unit-specific taxpayer returned values on Form PT-50P.
Inventory
Enter the taxpayer returned value of inventory. This amount transfers to Form PT-50P, Page 1, line I.
Freeport inventory
Enter the taxpayer returned value of Freeport inventory. This amount transfers to Form PT-50P, Page 1, line P.
Other personal
Enter the taxpayer returned value of other personal property. This amount transfers to Form PT-50P, Page 1, line Z.

Return Information

Use this section to complete the unit-specific, general information on Form PT-50P.
Map and parcel I.D. number
UltraTax CS automatically transfers the information in
Account number
 to this box. Enter the map and parcel ID number to override the information displayed.
Business physical location
In this statement window, enter the physical business location.

Correction of Address

Use this section to enter a previous incorrect name and/or address for this unit of Form PT-50P.

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