Form 2555
Which screen do you enter Form 2555 allocation code information?
What is...
What is the USE of form 1116?
What is a form to claim the foreign tax credit if you are an individual, estate, or trust, and you paid or accrued certain foreign taxes to a foreign country or U.S. possession.
What Folder and Screen do you use to enter Nonresident Alien Information?
What is Nonresident Filing Folder> Screen NRA
If a certain form is not printing even though it should be, Where in the program do you check to see if it is printing as required?
What is Setup> Entity> Collation
How do you indicate a dual-status tax year for the client?
What is Nonresident Alien Folder > DualStat > Enter X for Dual-status tax year.
If the Company is NOT a U.S company, what Folder and Screen would you enter the Foreign Employer Compensation?
What is Income Folder> FEC TAB
Where is the field to stop Form 1116 from printing?
What is Income Folder > Screen B&D > Elect Exemption from Foreign Tax Credit Limitation.
How do I create a nonresident alien return?
What is Choose File > Client Properties, click the 1040 option, select Nonresident Alien or Nonresident Alien (EZ) from the drop-down list, and click OK.
What information is required in order to data share between returns?
What is SSN/EIN.
What must you input to correct this Diagnostics: Form 1040 must have income credits, tax, or payments; enter minimum of 330 foreign days?
What is go into Foreign Exclusion folder > 2555 > Enter the dates of residency on Foreign Earned Income Allocation Information: US business days and travel information statement box.
What Allocation Code is Days U.S. and foreign days worked during assignment?
What is Code 3
Where in the return can you see the calculation for Form 1116 line 1a?
What is Not Required Statements.
How do I indicate the nonresident individual is required to file Schedule SE, Self-Employment Tax?
What is Enter X in the Self-employment income subject to self-employment tax under social security agreement field on Screen NRA in the Nonresident Alien folder.
What are three resources that can be used to assist you in troubleshooting an issue?
HHTC, ADO, Q-Logs
What is the maximum amount you can have for foreign earned income exclusion?
What is $108,700.
What are the two Residency types that customers can qualify for form 2555?
What is Bona Fide Residency, Physical Presence
How do I make the simplified foreign tax credit limitation election for AMT purposes?
What is Enter X in the Elect Simplified Foreign Tax Credit Limitation field in Screen AMT.
How can you get a 1040NR to calculate special allowance for a passive loss with active participation?
What is if the client qualifies, mark the Lived apart entire year field in Screen 1040 to calculate the special allowance.
How can I attach PDFs to my electronic return?
What is choose Edit > Electronic Filing Attachments.
What are steps to take If the FinCEN Form 114, or FBAR, is not printing or the e-file is not creating?
What is
If the FinCEN Form 114, or FBAR, is not printing or the e-file is not creating, follow these steps.
Note: An X is automatically entered in the this field when FinCEN Form 114 is e-filed through UltraTax CS.
I entered a form and unit number in Screen 1116, so why didn't UltraTax CS calculate any foreign amounts?
What is Form 2555 allocation code needs to be selected on appropriate screen.
What HHTC article would you use to enter foreign interest, dividends and taxes reported on Schedule K-1?
What is
1040-US: Passthrough foreign interest, dividends, and taxes reported on Schedule K-1.
True or False
You can file Married filing joint status on a 1040NR.
False
Where do I enter my Firm’s EFIN?
What is enter EFIN by going to SETUP>OFFICE>CONFIGURATION>E-FILING.
What do you do If you see this Critical Diagnostic - Filing status entered is inconsistent with other data entered?
What is either select the appropriate filing status or remove the spouse information from Screen 1040.