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Screen KAGen - Kentucky Personal Property Tax

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Overview

Use this screen to complete general information questions for Form 62A500, Form 62A500-A, and Form 62A500-W.
note
To enter information specific to the location for Form 62A500, Form 62A500-A, or Form 62A500-W, use the KAReturn screen, the KAAir screen, or the KAWater 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 appropriate amount in the field. The application then displays 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 field and select
    Delete overrule
     or enter the original amount in the field.
  • To confirm the accuracy of the overruled amount, right-click the field and select
    Acknowledge overruled data
    . The application then disables the acknowledge functionality from the right-click menu. To restore the original amount later, you'll need to enter it manually.
  • If desired, you can set a user preference to mark fields for which you overruled the transferred amounts and to list all overruled amounts in the Diagnostics window.

Statements

Many data entry fields provide predefined statements in which you can enter additional information. For additional information, see Statements overview.

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 Kentucky personal property tax return.
Complete return using the KY treatment within the Asset module
Enter
X
 to force UltraTax CS to use data from the KY 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 applicable federal data from the asset module, select
Utilities
, then
Fixed Assets CS (Import)
.
Business name
Enter the business name for 1040 and 1041 returns. For 990, 1120 and 1065 returns, UltraTax CS uses the business name entered on the federal return.
Indicate name to print on return
Enter
T
 (taxpayer),
S
 (spouse), or
J
 (joint) to indicate which name(s) should print on the return. If you leave this field blank, UltraTax CS defaults to taxpayer.
note
This field applies to 1040 clients only.
EIN
Enter the federal employer identification number if needed.
Business address
If the address is different from the federal return, enter the address you want to print on the return.
NAICS code
Enter the NAICS code for 1040 and 1041 returns. For 990, 1120 and 1065 returns, UltraTax CS uses the business code entered on the federal return.
Type of business
Enter the type of business activity. If you leave this field blank for an 1120 or 1065 return, UltraTax CS uses the business activity code entered on the federal return.
Telephone number
Enter the business telephone number if it's different from the phone number entered on the federal return. If you leave this field blank, UltraTax CS defaults to the federal client phone number.
Taxpayer telephone number
Enter the taxpayer’s telephone number for the signature section of the return if it's different from the phone number entered on the federal return. If you leave this field blank, UltraTax CS defaults to the federal client phone number.
Taxpayer email address
Enter the taxpayer’s email address for the signature section of the return if it's different from federal return. If you leave this field blank, UltraTax CS defaults to the federal client email address.

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