Setting other 1120 return options
- Choose Setup > 1120 Corporation.
Note: Depending on your security configuration, you might be prompted to enter the master password and click OK before you can continue.
- Click the Federal tab.
- To set return options not shown in the 1120 Product Information dialog, click the Other Return Options button. The Other Return Options dialog opens.
Note: The options chosen apply to all 1120 clients until you change the options again.
- In the Return Presentation tab, specify whether to do the following:
- complete Schedule G for Cooperative Associations under certain circumstances
- complete Schedules L, M-1, and M-2 under certain circumstances
- complete Schedule M-1 in lieu of Schedule M-3 under certain circumstances
- display a zero in the balance sheet when the column is blank
- print Form 1125-E under certain circumstances
- print Form 8283 columns if not required
- print the 9325 mailing address left-justified
- print Schedule K-1 instructions when shareholder is a 1040 client
- suppress printing of Form 1120, Page 6
- use rental real estate as type of activity for new Rent screens
- truncate officer SSNs on Form 1125-E
- transfer S Corporation Schedule M-1 difference to a particular Schedule M-2 account
- default to a particular copy of Form 8949
- In the Proforma tab, specify client proforma options for the following:
- custom electronic passwords from the Client Communications dialog
- custom transmittal letter and invoice number
- filing returns electronically
- Form 8283 general and donee organization information
- In the Client Documents tab, specify the following:
- option to include a list of returns in the transmittal letter
- whether to print "AS SOON AS POSSIBLE" in the filing instructions when applicable:
- only if penalties and/or interest exist
- after original due date of return
- print engagement letter
- option to print the tax preparer's name and address on the Form 2848 or 8821 slipsheets
- option for the heading used on the shareholder transmittal letter and the return address on the Shareholder slipsheet
- option to print "Paid" in the estimate filing instructions for estimates paid in full
- option to exclude estimates paid in full from the estimate filing instructions
- In the Other tab, specify the following:
- print Form 7004 with the extended tax return
- print Tax Return History charts
- print Bank Account Verification
- marginal oil percentage depletion rate, if different
- maximum amount of CS Professional Suite accounting application Schedule L rounding
- In the Consent information tab, specify the following:
- whether to print the consent letter for all clients
- the date the consent will expire
- the disclosures and recipients of the taxpayer's tax information
- the specific uses of the taxpayer's tax information
- Click OK to accept the option settings and close the dialog, or click Cancel to close the dialog without saving your changes to the option settings.
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