States
Is California a Build-up State or AGI State?
Build-Up State
How do you add a Part-year residency for Maine?
File>Client Properties>Add State Button>Checkmark Maine. Under the Maine tab, checkmark Part-year Resident.
What is the grace period for Hawaii
5 Days
I have a Louisiana state return added and I am trying to get to the K-1 Allocation grid, but its giving me an error saying 'State Postal Code must be entered on the main activity screen..' How do I fix this?
You go to the K-1 tab and at the top right, add the state code.
What are the state use codes for Texas and New Hampshire ?
TX: 7
NH: 14
Is Georgia a Build-up State or AGI State?
AGI State
True or False? UltraTax does not automatically calculate credit for taxes paid to other states on part-year residency returns.
True
Name all accepted forms of payment for Illinois
Direct Debit
Credit Card
Online E-payment
Besides going through the K-1 tab, what is another way to view the K-1 allocation grid?
View>Allocation
How do you add the Limited Liability Company returns for California and Alabama?
File>Client Properties> Add States >Checkmark CA and AL > Under other returns, checkmark the following below.
Alabama: Business Privilege Tax
California: Form 568 Limited Liability Company
What are the states that only tax Interest & Dividends?
New Hampshire and Tennessee
To enter residency dates for Michigan, you need to go to what folder and tab?
Michigan>Folder Income and Adjustments > NRPY
What is the E-File error Code 030 and how do you resolve it?
Taxpayer Prior Year FAGI [Federal Adjusted Gross Income] or Spouse Prior Year FAGI must be valid if IRS PIN or ERO PIN is not valid.
If the rejection is due simply to bad information on file with the state, there are two options: paper file the return, or turn on the Practitioner PIN option (located under Setup > Office Configuration > Electronic Filing, within the ERO button) and recreate / retransmit the return.
If the rejection is due to the spouse election the year prior, you can attempt to change the prior year spouse AGI to 0 on the federal ELF screen then recreate / resubmit (VA may or may not see this as a valid entry), but the most effective resolution is to activate the Practitioner PIN and recreate / resubmit.
My client is a part time resident for Connecticut and South Carolina. She runs an online business and should be reporting half of its revenues as resident income. She is trying to allocate 50k for South Carolina and 50k to other. How can she input this?
Federal>Business>View Menu>Allocation. Enter 50k for SC and 50k to other.
How do you enter winnings from State lotteries?
If a W-2G was issued, enter the amount in Screen W2G, enter the postal code in the State field, and, if applicable, enter 2 in the State use field. If a W-2G was not issued, enter information in the Other income statement dialog in Screen Income, and enter 2 for State lottery in the Fed code field.
Which States do not have individual Income Tax Returns?
Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming
For nonresident returns, will UltraTax calculate the credit for taxes paid to other states?
Yes, if there is a reciprocal agreement with another state.
What is accepted electronically in Wyoming?
Surprise Shawty!! They don’t accept any state electronic filing since they do not have state returns.
What folder and tab would you go to enter dividend income allocations for resident and non-resident states? And how would you input?
Federal>Income>B&D tab>
Enter units and add the in-state source%
What is Tyler's favorite show?
"probably" Breaking Bad or One Piece (Anime)
Source: Tyler himself
Is Kentucky a Build-Up State or AGI State?
Kentucky is a partial build-up state. It takes federal AGI and adjusts for differences in federal and state tax law.
What utility in UltraTax shows if the client would be more beneficial to file MFS or MFJ?
Filing Status Optimization
For Ohio Cities, Can I include an attachment with a City electronic file?
Ohio Cities do not support attachments. File the return on paper if an attachment is necessary.
I have a Louisiana State return added and I am on the K-1 allocation grid. I am trying to allocate the 'Collectibles (28%) gain (loss)(port)' How do I do this?
It is grayed out because the State of Louisiana does not accept it.
What are the names of Whytney's cats? Name all 3!
Momo, Pickles, and Jack