Send K-1 packages from UltraTax CS to Onvio Client Center
Follow these steps to send a client’s K-1 package to Onvio Client Center from UltraTax CS and share it with shareholders, partners, and/or beneficiaries.
We only recommend the following process if the shareholder, partner, or beneficiary is not a 1040 client in UltraTax CS. If they are one of your clients, we recommend sending the K-1 packages to Onvio Documents and sharing it to Onvio Client Center.
Print and transmit the client copy of the return in UltraTax CS
- With the client's return open in UltraTax CS, selectFile, thenPrint Returns.
- Send the client copy of the return to the Onvio Client Center by marking theClient copycheckbox, then markElectronic deliveryand select theWeboption.
- Select theAssemblebutton.
- After the tax returns are assembled, you need to transmit them using CS Connect. Select theCS Connectbutton on the UltraTax CS toolbar.
- In theOptionstab, set theWeb Delivery: Transmit returnsswitch toYes.
- Select theWeb Deliverytab. Use this tab to select the clients to whom you want to transmit tax returns.
- Select theConnectbutton to transmit the tax returns.
Create shareholder relationships in Onvio
This is a one-time setup only. If you've already completed this setup, you can skip to the next section.
- In Onvio, selectSetup,Clients, then select theEditbutton next to the business client ID.
- Select theRelationshipstab, selectAddand selectShareholderorPartneras the relationship.
- Enter the Shareholder or Partners information.noteIf data sharing is enabled, you can selectSelect Existing Contactto populate this information from an existingContact.
- SelectSave, then select theClient Center Accesstab.
- EnableClient Center Accessfor the Shareholder or Partnership, then selectSave.
- Repeat the previous steps for each shareholder.
Set up folders and select documents
- SelectDocuments, thenClient Documents.
- Select the Client ID of the business client.
- Select theAdd folderand add a new folder named K-1 Packages. You don’t need to select a Template.
- Within theK-1 Packagesfolder, create subfolders for each shareholder’s K-1 package.
- Go to theTax Return, thenClient Documentsfolder for the selected client, mark the checkbox for the shareholder's K-1 package, selectManage, thenCopy.
- Select the<icon for the Client Documents folder, then select the<icon for theTax Returnfolder.
- Double-click the K-1 Packages folder, double-click the shareholder folder you created, then selectCopy.
- Repeat steps 5 - 7 for each shareholder with whom you want share the K-1 package.
Share the K-1 package
Follow these steps for each shareholder with whom you want to share a K-1 package.
- Go to theK-1 Packagesfolder and mark the checkbox for the shareholder's folder.
- SelectManage, thenShareFolder.
- Select a role for the shareholder, then selectShare.
