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Screen WJGen - Wisconsin Personal Property Tax
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Overview
Use this screen to complete general information for Form PA-003.
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, for example:
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 does not 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 choose Delete overrule or simply 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 will 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, view the 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. For details, view Accessing frequently asked questions (FAQs).
General Information
Use this section to record general information for the client’s Wisconsin PPT return.
note
UltraTax/Wisconsin PPT has the ability to print all pages of Form M-P even if not all pages are required.
Complete return using the WI treatment within the Asset module
Enter
X
to force UltraTax CS to use data from the WI
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, select Utilities then Fixed Assets CS (Import).
- To mark theComplete return using the WI treatment within the Asset modulefield one time for all new clients, select Setup, [application name], then Wisconsin PPT tab. SelectNew Client Options.
Use Net Book Value from asset module when Fair Market Value association is blank
Enter
X
to force UltraTax CS to use the net book value if no fair market values have been entered for applicable assets.note
To mark the
Use Net Book Value from asset module when Fair Market Value association is blank
field one time for all new clients, select Setup, [application name], Wisconsin PPT tab. Select New Client Options
.Business or property owner’s name
Enter the business or property owner’s name. If there is no separate business name, the property owner’s name prints in the mailing address field and appears as the legal name of the taxpayer.
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.
Doing business as
Use this field to enter the Doing business as (DBA) name. This field applies to all personal property returns for this client. Use the
Doing business as
field in Screen WJReturn to make the change for a particular return. If you leave this field blank, UltraTax CS defaults to the DBA entered on the federal return.EIN
Enter the federal employer identification number. This field applies to all returns for this client. Use the
EIN
field in Screen WJReturn or Screen WJMfg to make the change for a particular return. If you leave this field blank, UltraTax CS defaults to the federal employer identification number entered on the federal return.Owner’s information: Number and street address / City, state, zip code
Use these fields to enter the owner address number and street, city, state, and zip code. These fields apply to all returns for this client. Use the
Owner’s information
fields in Screen WJReturn or Screen WJMfg to make the change for a particular return. If you leave these fields blank, UltraTax CS defaults to the address information entered on the federal return.Owner’s information: Telephone number
Enter the taxpayer telephone number. This field applies to all returns for this client. Use the
Owner’s information: Telephone number
field in Screen WJReturn or Screen WJMfg to make the change for a particular return. If you leave this field blank, UltraTax CS defaults to the federal client phone number.Owner’s information: Fax number
Enter the taxpayer fax number. This field applies to all returns for this client. Use the
Owner’s information: Fax number
field in Screen WJReturn or Screen WJMfg to make the change for a particular return. If you leave this field blank, UltraTax CS defaults to the federal client fax number.Owner’s information: E-mail address
Enter the owner’s e-mail address. This field applies to all returns for this client. Use the
Owner’s information: E-mail address
field in Screen WJReturn or Screen WJMfg to make the change for a particular return. If you leave this field blank, UltraTax CS defaults to the federal owner’s e-mail address.Engaged in business of
In this statement dialog, enter the description of the business engaged in. This field does not apply to manufacturing returns. Use the
Engaged in business of
field in Screen WJReturn to make the change for a particular return.Entity type
Select the entity type from the drop-down list. This field applies to all returns for this client. Use the
Entity type
field in Screen WJReturn or Screen WJMfg to make the change for a particular return. If you leave this field blank, UltraTax CS defaults to the federal business entity.Change of business
Select the applicable change of business from the drop-down list. This field does not apply to manufacturing returns. Use the
Change of business
field in Screen WJReturn to make the change for a particular return. Type Code | Description |
|---|---|
1 | Discontinued |
2 | Incorporated |
3 | Sold |
4 | Moved |
Date business was changed
Enter the date that the business was changed. This field does not apply to manufacturing returns. Use the
Date business was changed
field in Screen WJReturn to make the change for a particular return.New owner
If the business was sold, enter the name and address information for the new owner in these fields. These fields do not apply to manufacturing returns. Use the
New owner
fields in Screen WJReturn to make the change for a particular return.Taxpayer’s name
Enter the taxpayer’s name for the signature line if different than the federal officer (990 or 1120), tax matters partner (1065), taxpayer (1040), or fiduciary (1041).
Preparer phone extension
Enter the extension for the preparer telephone entered in Setup, Office Configuration then Preparers.
Preparer fax number
Enter the fax number for the preparer. If you leave this field blank, UltraTax CS defaults to the data entered in Setup, Office Configuration then Preparers.
Preparer e-mail address
Enter the e-mail address for the preparer. If you leave this field blank, UltraTax CS defaults to the data entered in Setup, Office Configuration then Preparers.
Suppress preparer e-mail address in signature block
Enter
X
to suppress appearance of the preparer e-mail address in the signature block of all returns for this client.Print all pages of Form M-P
Enter
X
to print all pages of Form M-P. The default is to print only those pages with data.