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Screens

Screen VBReturn - Virginia PPT - Business

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Overview

Use this screen to enter location specific information for the Virginia Property Tax Returns.
note
UltraTax/Virginia PPT prints one copy of a Virginia city or county Personal Property Form for each unit of the VBReturn screen.

General Information

Use this section to enter data that is unique to the current unit. If you leave these fields blank, UltraTax CS uses the information entered in the VBGen screen.
Create return, only if this return has no depreciable assets
If the return has no depreciable assets, enter
X
 in this field to create a unit of this screen. After you enter
X
, UltraTax CS allows you to enter the
Location
 field, which creates a unit of this screen.
note
  • If this return has depreciable assets, select the
    Asset
     tab in the applicable federal activity and enter PPT information for each asset before you enter data in the VBReturn screen .
  • For each asset in the
    Asset Detail
     window for the applicable federal activity you must complete the
    Location
     and
    PPT Type - VA
     fields and you'll need to select
    Virginia
     from the
    Situs
     field.
Unit
UltraTax CS automatically enters the next available number in this field. If desired, you can overwrite this number, but you cannot leave the field blank. UltraTax CS uses this entry to gather and coordinate information for the assessable business location.
Location
UltraTax CS transfers to this field the account number that you entered in the
Location
 field in the Asset Detail dialog. UltraTax CS creates one unit of the VBReturn 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
     field, you may enter the account number in this field.
  • UltraTax CS uses the location as the description for this input screen unit in the folders block.
  • Once a unit has been created, UltraTax CS won'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 VBReturn screen, any data relating to that activity in the VB762 and VBArling screens is also deleted.
County / City
Virginia Property Tax returns are filed on different sets of forms. Each of these sets is a separate return in UltraTax/VA-PPT. The Return Type column identifies the appropriate set of forms.
note
  • To enter or edit information for the counties and cities, access the VA PPT Assessor Address Setup window by selecting
    Setup
     then Virginia PPT under the application name, followed by
    Assessors Info
    .
  • The
    User Defined County / City
     option is used for municipalities that accept the generic Virginia Property Tax Form 762.
Return Type
Description
ARL
Arlington
CFC
Chesterfield
GOO
Goochland
HRC
Henrico
JCC
James City
PWC
Prince William
VBC
City of Virginia Beach
WIL
City of Williamsburg
ZZA
User defined county / city #1
ZZB
User defined county / city #2
ZZC
User defined county / city #3
ZZD
User defined county / city #4
ZZE
User defined county / city #5
ZZF
User defined county / city #6
ZZG
User defined county / city #7
ZZH
User defined county / city #8
ZZI
User defined county / city #9
ZZJ
User defined county / city #10
Business name
Enter the name as it appears on the client’s business license. If you leave this field blank, UltraTax CS defaults to information entered in the
Business name
 field in athe VBGen screen.
note
If the
Business name
 field in the VBGen screen is blank, UltraTax CS defaults to the client name.
Indicate name to print on return
Enter
1
,
2
, or
3
 to indicate the taxpayer, spouse, or joint names to appear on the return or use
F4
 to select an option from the dropdown. If you leave this field blank, UltraTax CS defaults to information entered in the
Indicate name to print on return
 field in the VBGen screen.
Type Code
Description
1
Taxpayer (Default)
2
Spouse
3
Joint
note
This field applies only to 1040 clients.
Doing business as / trade name / name 2
Enter the name which the business uses to identify itself in its trade. Various counties and cities refer to this information in slightly different terms. If you leave this field blank, UltraTax CS defaults to information entered in the
Doing business as / trade name / name 2
 field in the VBGen screen.
EIN
Enter the company’s federal employer identification number. If you leave this field blank, UltraTax CS defaults to information entered in the
EIN
 field in the VBGen screen.
Telephone number
Enter the taxpayer’s telephone number. If you leave this field blank, UltraTax CS defaults to information entered in the
Telephone number
 field in the VBGen screen.
General footnote
In this statement window, enter any assumed names used in conducting business.

Taxpayer Declaration

Use this section to complete the declaration section of the property tax forms if different from the VBGen screen.

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