Tax General
What's an EIN?
Unique identifier number of each entity
Which page can I find the taxable income in?
Page 5
What can we use Partner Forms for?
Print forms, create XMLs
What is the auto-compute option for?
To calculate formulas automatically as we input data
What's an XML?
A file with all the form's data coded
What is an M-1?
A difference between book and tax
When is the due date for filing form 1065? When is the due date when you filed the extension?
March 15th, September 15th with extension
What's a project ID?
Unique identifying number for each entity inside of Partner Forms
How can you look for an entity in Gosystem?
Searching for locator
What is EYOS?
A web based site to save and share files
Name at least 3 types of entities.
Individuals, Corporations, Partnerships
Where do we find the information to file schedule L (page 5 of 1065)?
AFS
What is a summary K-1?
It's a single K-1 summing all investors' totals (row 15 in FDR)
What's an override?
When you input data in Tax Forms instead of Organizer
How do you access Xenapp?
Windows user ID/Password
Name at least one state that doesn't accept Federal Extension.
New York
Mention at least one reason to file schedule M-3.
More than 10-50 million dollars of assets
Where can we create XMLs?
Transfer
Where do we input data?
Organizer
What do we use RecTool for?
To compare the printed return (PDF) with the XML from gosystem
How do you identify if the fund is a trader or investor?
Trader: line 11F - Investor: lines 5/6/8/9
Where can I find the information to fill out question 4 in schedule B (page 2 of 1065)?
FOF Analysis
What's the difference between output and package?
Output to print single forms, Package to combine forms and print them together
What do we use Tax Forms for?
To check data is flowing correctly/check how the form's looking
How do you check if the ADMN was imported succesfully?
E-mail/Gosystems-Returns-Info-History