Skip to main content

Solutions

Products

Recommended products

Questions? We are here to help.
Contact us

Purchase

Questions? We are here to help.

Resources

Screens

Screen MFGen - Maryland Personal Property Tax

Show all hidden content

Overview

Use this screen to complete general information questions for Form 1 and Form 2.

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 field. The application then displays the new amount in black.
note
  • When you overrule a transferred amount, the application doesn't replace 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 choose
    Delete overrule
     or enter the original amount in the field.
  • To confirm the accuracy of the overruled amount, right-click the field and choose
    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.
  • 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.

Accessing frequently asked questions

To view answers to common questions about calculations and data entry issues, choose Help, Additional Resources, then Frequently Asked Questions.

General Information

Use this section to record general information for the client’s Maryland PPT return.
Complete return using the MD treatment within the Asset module
Enter
X
 to force UltraTax CS to use data from the MD 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 asset module, choose Utilities, then Fixed Assets CS (Import).
  • To mark the
    Complete return using the MD treatment within the Asset module
     field one time for all new clients, choose Setup, [application name], and then on the Maryland PPT tab, select
    New Client Options
    .
Business name
Enter the business name for Form 1.
Indicate name to print on return
Select the applicable code from the dropdown to indicate if this return is filed by the taxpayer, the spouse, or filed jointly. If you leave this field blank, UltraTax CS defaults to the taxpayer.
Type Code
Description
T
Taxpayer (default)
S
Spouse
J
Joint
Trading as name
Enter the trading-as name for Form 1.
EIN
Enter the Employer Identification Number.
Business address: Number and street / city, state, ZIP Code
Enter the business address.
Change of mailing address
Enter
X
 if there is change of address.
State of incorporation or formation
Enter the state in which the business is incorporated.
Type of business
Use this dropdown to select the type of business.
Department identification number
Enter the department identification number. UltraTax CS inserts a default prefix based on the type of corporation.
Business conducted in Maryland
Use this dropdown to select if a business is conducted in Maryland. If you leave this field blank UltraTax CS defaults to Yes.
Filing an amended return
Mark this field if the return that you are filing is not an initial return. If you mark this field, UltraTax CS automatically prints the amended return address on the filing instructions. If you leave this field blank, UltraTax CS prints the initial return address on the filing instructions.
General footnote
In this statement dialog, enter any supplemental information that should be included with the return.

Return Information

Use this section to complete return information for Form 1 and Form 2.
Total gross sales, or amount of business transacted in Maryland
Use this field to force the total gross sales amount. This field defaults to federal gross sales.
Explanation of how business conducted without personal property
Information entered in this statement dialog transfers to the first unit only of Page 3, Section III. If additional space is needed, the information prints on an attached statement.
If using personal property of another, name and address of that business
Information entered in this statement dialog transfers to the first unit only of Page 3, Section III. If additional space is needed, the information prints on an attached statement.
Names and addresses of officers
In this statement dialog, enter the names and addresses of the company’s president, vice president, secretary, and treasurer.
Names of directors
In this statement dialog, enter the names of up to 8 of the company’s directors.
Calculate each return as a separate filing
Mark this field for a 1040 client if each location should be calculated as a separate Form 1 return. Complete the MFRet-2 screen for each return.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close