You can use the proforma utility to transfer client data, customized documents, print collations, and data-entry display settings from a prior-year application into the current-year version of UltraTax CS. You can proforma these items at any time and can proforma multiple items at once.
Use the 1099-MISC Facsimile section of the 1099M screen to enter form information on the input screens in the appropriate folder. You can also enter this form information using the UltraTax CS Source Data Entry utility.
Per Return Pricing is a licensing option for UltraTax CS. With a PRP License, you pay a fee for each return you prepare that is not covered by an unlimited license. PRP codes are used to track your PRP account transactions and tie each transaction to the client you're paying for.
Download a codeOpen UltraTax CS.If you haven't already, enter a TIN in the client. ... Select Utilities, then CS Connect.Switch the Per Return Pricing: ($) Acquire PRP authorizations option to Yes.Select the PRP tab.Select the client you need a PRP code for.More items...
The Form 1099-G state income tax refund is transferred to the State/local income tax refunds statement on Screen Refunds. Because UltraTax CS imports the prior-year refund amount to this statement during proforma, it is important to verify which refund amount should be reported.
Rents & Royalty folderTo enter royalty income from oil and gas, go to the Rents & Royalty folder. On Screen Rent, review the Type of activity. Choose Royalty to designate the activity as a royalty activity.