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Screen NGReturn - North Carolina PPT - Business
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Overview
Use this screen to enter information specific to each unit. One return is required for each physical location.
note
- UltraTax/North Carolina PPT prints one copy of the Business Personal Property Listing for each unit of NGReturn.
- If this return has depreciable assets, go to the Asset tab in the applicable federal activity and enter PPT information for each asset before you enter data in the NGReturn screen.
- You must complete theLocationandPPT Type - NCfields and enterNorth Carolinain theSitusfield for each asset in the Asset Detail window for the applicable federal activity for the Business Personal Property Listing.
General Information
Use this section to enter general information for the Business Personal Property Listing for the corresponding unit only.
Create return, only if this return has no depreciable assets
If the return has no depreciable assets, enter
X
to have UltraTax CS create a unit of this screen. After you enter X
, UltraTax CS allows you to enter the physical location of the property.Unit
UltraTax CS automatically enters the next available number. If desired, you can overwrite this number but you cannot leave the field blank. UltraTax CS uses this information to gather and coordinate information for the assessable business location.
Location
UltraTax CS transfers to this field the location data that you entered in the
Location
field in the Asset Detail window. UltraTax CS creates one property tax return for each unique location entered. In order for the assets in the Asset tab to transfer correctly, you must select the Asset tab, choose Setup then Associations, and then select Enable. Select Location
in the list and then select Properties. Add the location for each return you want to create. After you have entered the locations, choose Edit then Reassign Assets, and then assign a Location
to the assets.note
- If the return has no depreciable assets, and you have enteredXin theCreate return, only if this return has no depreciable assetsfield, you may enter the location in this field.
- UltraTax CS uses the location that you enter as the description for this input screen unit in the folders block.
County name
Enter the name of the county in which this business is located, or press F4 to choose a county from the fieldview. If you leave this field blank, UltraTax CS defaults to the
County name
field in the NGGen screen.Business name
Enter the business name. If you leave this field blank, UltraTax CS defaults to the
Business name
field in the NGGen screen. If you leave this field 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 press F4 to choose an option from the fieldview for this return only. If you leave this field blank, UltraTax CS defaults to the information entered in the Indicate name to print on return
field in the NGGen screen. If that field in the NGGen screen is blank, UltraTax CS defaults to the federal taxpayer name.note
This field applies only to 1040 clients.
Doing business as
Enter the Doing Business As name for this location. If you leave this field blank, UltraTax CS defaults to the
Doing business as
field on the NGGen screen. If that field in the NGGen screen is blank, UltraTax CS defaults to the federal DBA name.Account number
Enter the account number. If you leave this field blank, UltraTax CS defaults to the
Account number
field in the NGGen screen.Business address / Number and street / City, state, zip code
Enter the business street address for this location. If you leave this field blank, UltraTax CS defaults to the
Business address: Number and street
field in the NGGen screen. If that field in the NGGen screen is blank, UltraTax CS defaults to the federal address.Other North Carolina counties where personal property is located
In the statement window, select the name of other North Carolina counties where personal property is located, or press F4 to choose a county from the fieldview. If you leave this field blank, UltraTax CS defaults to listing the other North Carolina counties that have been selected on the field
County name
on the NGReturn screen.Real estate owned by
Enter the name of who own’s the real estate. If you leave this field blank, UltraTax CS defaults to the
Real estate owned by
field in the NGGen screen.Name in which business was listed last year
Enter the name in which the business was listed last year. If you leave this field blank, UltraTax CS defaults to the
Name in which business was listed last year
field in the NGGen screen.Principal business in this county
Enter the principal business in this county. If you leave this field blank, UltraTax CS defaults to the
Principal business in this county
field in the NGGen screen. If you leave this field blank, UltraTax CS defaults to the federal business activity for 1120 and 1065.SIC number / NAICS code
Enter either a SIC number or NAICS code. If you leave this field blank, UltraTax CS defaults to the
SIC number
or NAICS code
field in the NGGen screen. If you leave this field blank, UltraTax CS defaults to the federal NAICS code for 1120 and 1065.Date business began in this county
Enter the date on which business first commenced. If you leave this field blank, UltraTax CS defaults to the
Date business began in this county
field in the NGGen screen. If you leave this field blank, UltraTax CS defaults to the federal date incorporated for 1120 and 1065.Organization type / Other
Enter
1
, 2
, 3
, 4
, 5
, or 6
to indicate the organization type, or press F4 to select an option from the fieldview. If you leave this field blank, UltraTax CS defaults to the Organization type
field in the NGGen screen.Business category / Other
Enter
1
, 2
, 3
, 4
, 5
, 6
, or 7
to indicate the business category, or press F4 to select an option from the fieldview. If you leave this field blank, UltraTax CS defaults to the Business category
field in the NGGen screen.Date business ceased
Enter the date business ceased. If you leave this field blank, UltraTax CS defaults to the
Date business ceased
field in the NGGen screen.Reason
Enter
1
, 2
, 3
, or 4
to indicate the reason business ceased, or press F4 to select an option from the fieldview. If you leave this field blank, UltraTax CS defaults to the Reason
field in the NGGen screen.Sold equipment, fixtures, supplies to
Enter who equipment, fixtures, and supplies were sold to. If you leave this field blank, UltraTax CS defaults to the
Sold equipment, fixtures, supplies to
field in the NGGen screen.Buyers address and phone number
In the statement window, enter the buyers address and phone number for this return(s). If you leave this field blank, UltraTax CS defaults to the
Buyers address and phone number
field in the NGGen screen.General footnote
Use this statement window to enter any supplemental information that should be submitted with the return.
Contact Information
Use this section to enter contact information for the Business Personal Property Listing return for the corresponding unit only.
Contact person for audit
Enter the contact person for audit. If you leave this field blank, UltraTax CS defaults to the
Contact person for audit
field in the NGGen screen.Address and phone number
In the statement window, enter the contact person for audit’s address and phone number for this return(s). If you leave this field blank, UltraTax CS defaults to the
Address and phone number
field in the NGGen screen.Contact person for payment
In the statement window, enter the contact person for payment for this return(s). If you leave this field blank, UltraTax CS defaults to the
Contact person for payment
field in the NGGen screen.Affirmation
Use this section to enter affirmation information for the Business Personal Property Listing return for the corresponding unit only.
Person signing listing for individuals
Enter
1
, 2
, 3
, or 4
to indicate the person signing listing for individuals, or press F4 to select an option from the fieldview. If you leave this field blank, UltraTax CS defaults to the Person signing listing for individuals
field in the NGGen screen.note
This field applies only to 1040 clients.
Person signing listing for corps, partnerships, LLCs, unincorp assoc
Enter
1
or 2
to indicate the person signing listing for corps, partnerships, LLCs, unincorp assoc, or press F4 to select an option from the fieldview. If you leave this field blank, UltraTax CS defaults to the Person signing listing for corps, partnerships, LLCs, unicorp assoc
field in the NGGen screen.Title of principal officer
Enter the title of principal officer if code 1 was selected above. If you leave this field blank, UltraTax CS defaults to the
Title of principal officer
field in the NGGen screen.Title of full-time employee
Enter the title of full-time employee if code
2
was selected above. If you leave this field blank, UltraTax CS defaults to the Title of full-time employee
field in the NGGen screen.Authorized agent has NCDOR Form AV-59 on file for taxpayer
If person signing listing for individuals has code
3
selected, enter 1
or 2
to indicate if the authorized agent has NCDOR Form AV-59 on file for the taxpayer. If you leave this field blank, UltraTax CS defaults to the Authorized agent has NCDOR Form AV-59 on file for taxpayer
field in the NGGen screen.note
This field applies only to 1040 clients.
Telephone number
Enter a telephone number for the person signing the return. If you leave this field blank, UltraTax CS defaults to the
Telephone number
field in the NGGen screen.Fax number
Enter a fax number for the person signing the return. If you leave this field blank, UltraTax CS defaults to the
Fax number
field in the NGGen screen.Authorized agent address / Number and street / City, state, zip code
Enter the authorized agent’s address. If you leave this field blank, UltraTax CS defaults to the
Authorized agent address
fields in the NGGen screen.note
These fields only apply to 1040 clients.
Email address
Enter a email address for the person signing the return. If you leave this field blank, UltraTax CS defaults to the
Email address
field in the NGGen screen.