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Filing

Prepare 1041 extensions

Do the following to print federal and state extension forms for 1 client or a batch of clients.
  1. Open the client you want to file an extension for. If the client doesn't yet exist in the current-year application, proforma the prior-year client or add a new client.
  2. To print an extension, do the following:
    1. Enter any additional information on the
      PayExt
       screen in the
      Payments
       folder.
    2. If applicable, retrieve general ledger balances from Write-Up CS or Trial Balance CS for each client an extension should be filed for.
    3. Access other input screens as needed to enter the preliminary tax data UltraTax CS should use when calculating the tax.
  3. Each client's name, address, and extension date prints on the form. UltraTax CS assumes the following extended dates. If a date other than the default date is required, enter the date on the
    PayExt
     screen.
    • The 30th day of the 9th month on Form 7004 for 1041 trust and estate returns that aren't bankruptcy estate returns.
    • The 15th day of the 10th month on Form 7004 for Form 1041-QFT, Form 1041 bankruptcy estates, and Form 3520-A returns.
    • The 15th day of the 10th month on Form 8868 for Form 1041-A and Form 5227 returns.
    • The 15th day of the 10th month on Form 4868 for Form 1040NR returns.
  4. Select
    File
     then
    Print Extensions
    .
  5. By default, UltraTax CS prints the 1st extension of both the federal and state returns. To print only the federal extension, select
    Options
     and make sure that only the
    Federal
     checkbox is marked.
  6. To print extensions for clients other than, or in addition to, the current client, select
    Clients
     and select the clients extensions should print for.
  7. Select
    Print
    .

This article applies to:

  • Product: UltraTax CS
  • Return type: 1041 Fiduciary
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